A group, Concerned Northern Forum, has called for the suspension of redesigning of the N200, N500 and N1000 notes, saying the measure would be detrimental to the nation’s economy. The group’s spokesman, Mr Abdulsalam Kazeem, made the call in a…
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 30 pips to 7.1638 against the dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed…
The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, stated that the rehabilitation of the Ibadan-Iwo-Osogbo road will go a long way to turn around the economic downturn experienced by people in communities along the road. This is as Oba Akanbi…
The Minister of State for Labour and Productivity, Festus Keyamo, has blamed the current soaring inflation bedeviling the country on global issues, claiming some individuals are playing local politics with it. Keyamo said Nigeria is not isolated from present global…
The International Monetary Fund (IMF) has charged Nigeria to brace up for the effect of climate change and this year’s floods. IMF African Department official, Mai Farid stressed that food prices will most likely increase. Farid gave the indication on…
The Nigeria Customs Service (NCS), Apapa Area Command, says the command generated N870.39 billion revenue from January to December 2021. The Area Controller, Comptroller Malanta Yusuf, said this at a news conference on Thursday in Lagos. Yusuf added that the…
Ecobank Group, has appointed Mr Mobolaji Lawal as Regional Executive/Managing Director-designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. Mrs Adenike Laoye, Group Head, Corporate Communications and its Chief of Staff, disclosed this in a…
Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5000 downloads within hours of the launch. This is as the apex…
The Board of Directors of the African Development Bank (AfDB), has approved a 50-million-dollar Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the AfDB and the Standard Chartered Bank. A statement issued by the bank on Tuesday, said the…
Mr Ahmadu Shuaibu, Deputy Comptroller and Coordinator, Comptroller General of Customs (CGC), Strike Force Zone A, said the zone generated N3, 001, 266, 794 from underpayment of duty in 11 months. Shuaibu said, at a news conference in Lagos on…
