After a week of sustained raids, the operations of Bureau De Change (BDCs) will resume nationwide today (Tuesday), it has been learnt. After a week of sustained raids, the operations of Bureau... Read more »
Naira appreciates further to N1,650/$ at parallel market Naira appreciated by 6.78 percent, representing N120 drop compared to the N1,770/$ traded on February 23, 2024. Read more »
Pat Utomi, a prominent economist and leader of the Labour Party, has issued a strong caution that the naira could plummet to N10,000 per dollar if immediate action is not taken. Utomi... Read more »
The Association of Master Bakers and Caterers of Nigeria has announced that it is poised to begin a nationwide strike on Tuesday, February 27. In a statement on Monday announcing the strike,... Read more »
Qatar has now agreed to President Bola Tinubu’s proposal for a meeting to discuss business matters, despite previous reports suggesting that they had rejected the visit. The meeting is scheduled for March... Read more »
Former Anambra State Governor, Peter Obi, criticized the reported crackdown on Bureau De Change (BDC) operators by government agencies, stating that it is misguided. The Economic and Financial Crimes Commission (EFCC) conducted... Read more »
Nigeria’s economy grew 3.46% in the fourth quarter (NGGDPQ=ECI), opens new tab, a similar pace as it did a year earlier, data showed on Thursday, as oil output picked up and government... Read more »
The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in... Read more »
Black market racketeers are currently taking advantage of the few day’s strike actions by tanker drivers, as the price of Premium Motor Spirit popularly known as petrol skyrocketed, hitting ₦1000 per litre... Read more »
The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja,... Read more »