Category: Business
Google reacts to inaccurate naira conversion rates
Tech giant Google has reacted to the inaccurate figures witnessed in the conversion rate of Nigeria’s Naira currency on the eve of the country’s presidential and...
FG wins right to prosecute JPMorgan Chase over $875m Malabu oil fraud
A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to...
Naira gains against dollar, closes at N358/$ at parallel market
The Naira on Friday gained N1 to close at N358 to the dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the naira traded stronger on...
Forex market: CBN provides $268.4m, CNY46.3m for agric, raw materials
The Central Bank of Nigeria (CBN) on Friday provided 340 million dollars and 46.3 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural...
Zimbabwe starts trading new currency
Zimbabwe started Friday to trade its new currency, the RTGS dollar, two days after the central bank announced measures to try and resolve a chronic monetary crisis. On...
Business booms in Lagos markets on eve of Saturday’s elections
Some Lagos markets witnessed business boom on Friday, eve of the 2019 general elections, as many traders said they recorded high patronage. The News Agency of Nigeria...
FIRS generates N23b from lien on corporate accounts
The Federal Inland Revenue Service (FIRS) has generated over N23billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts,...
Oil prices fall as U.S. crude output hits record 12m bpd
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated...
Youth Council honours Ahmed Kuru, AMCON MD
Sir Ahmadu Bello Youth Council of Nigeria (ABYCN) has presented the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed...
Dollar struggles ahead of Fed minutes, but gains on the yen
The dollar was capped against its peers on Wednesday on falling U.S. yields and before the Federal Reserve’s policy meeting minutes, though it managed to gain on the...
