Naira

Nigeria’s naira records significant gains against the dollar

The Nigerian naira has made interesting improvement against the dollar as it continues its recovery.The Naira Tuesday appreciated against the dollar at the parallel...

Olam to boost Nigeria’s food business with $150mn investment

Global food trader, Olam International Ltd. invested $150 million in animal-feed mills and poultry farms in Nigeria as it seeks to boost its agribusiness...

Five hundred naira – One USD is feasible

Nigeria’s foreign exchange market was tension-soaked yesterday, as the Naira raced towards N500/USD1. It closed at N490/ USD1 in the parallel market, with dealers...

Nigerian inflation slows for 7th month in August to 16.01 percent

Annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 percent, the National Bureau of Statistics (NBS) said Friday.The rate...

Adamawa IPMAN fails to comply with new fuel pump price

The Independent Petrol Marketers Association (IPMAN), in Adamawa State, has refused to comply with the new pump price effective since January 1, 2016, as...

Rice price’ll fall by Nov. — FG

The Federal Government on Monday declared that the price of rice would start to fall from November this year.It stated that more Nigerians had...

Foreign Currency Spenders Now Risk Jail Term

The Central Bank of Nigeria (CBN) has frowned at the use of foreign currencies such as the dollar, euro, and pound sterling as mediums...

Nigeria’s economy is improving, data from space hint

Nigeria’s struggling economy improved between April and June, according to San Francisco-based satellite data.In a report by Bloomberg, SpaceKnow’s Nigeria Night Light Index, which...

MainOne Enters Infrastructure Partnership with EMC, Microsoft

The transition to cloud based services in Lagos is coming into fruition as the Lagos Infraco, Main One, plans to offer pervasive fibre and...

Osinbajo promises synergy with Nestlé, others to reflate economy 

Vice President Yemi Osinbajo has said government is committed and determined to build synergy with the organised private sector to diversify the economy from its present...