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Business - Page 383

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Dollar Rate Drops In Black Market, Stable In Official Window

In the parallel market on Monday, December 22, the United States dollar (USD) traded for N1,476.95 per $1, compared to the N1,489.01 per USD recorded on Friday, December 19. According to Naira Rates, a black market rates aggregator, the foreign exchange (FX)

December 22, 2025

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency·News

Old, Redesigned Naira Notes Remain Legal Tender – CBN

The Central Bank of Nigeria (CBN) has reiterated that the old and newly redesigned naira notes remain legal tender. The CBN emphasized this point following Section 20(5) of the CBN Act, 2007. Despite previous assurances of adequate cash stocks across the country,

November 8, 2023

Africa·Business·News

AfDB Unveils $15 Billion Investment Interest In Abidjan-Lagos Highway Corridor

Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) has announced that the Abidjan-Lagos highway corridor, a lifeline for regional economic integration has attracted $15.5 billion in investment interest. Speaking during the 2023 Africa Investment Forum (AIF) Market Days in Marrakech held

November 8, 2023

Ajero Brutal Treatment: NLC, TUC Declare Nationwide Strike

Business·News

Aviation Unions Ground Flights To Owerri Airport Over Ajero’s Humiliation

All flights to Owerri Airport in Imo State will come to a standstill starting from midnight on Thursday. This decision was announced by a coalition of aviation industry unions, who also took the extraordinary step of declaring Mr. Hope Uzodimma, the Governor

November 8, 2023

Business·News

Customs Seizes N1.2 Billion Worth Of Foreign Rice, Others In October

The Nigeria Customs Service has made a stride by seizing 13 trailer loads of foreign parboiled rice, along with 17 vehicles and various contraband items worth N1,241,777,700 during October. This news came to light through an official statement on the Nigerian Customs

November 8, 2023

Agro-Economy·Business·News

Nigeria’s Agricultural Exports Face US Rejection Due To Food Safety Gaps- USDA

The United States Department for Agriculture (USDA) pointed out that Nigeria’s agricultural produce is facing rejection in the international market, primarily due to a lack of food safety documentation. This disconcerting issue was highlighted by the Councilor for Agriculture Affairs, USDA, Christopher

November 8, 2023

Africa·Business·News·Oil & Gas

NNPCL, Aiteo Launch Nembe Crude Oil Grade

The Nigerian National Petroleum Company Limited (NNPCL) and Aiteo have jointly introduced the Nembe crude oil grade. The announcement was made at the Argus European Crude Conference in London, with Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, delivering the news on Wednesday,

November 8, 2023

Business

Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate

Presidency has assured that the policies being worked on by the President Bola Tinubu administration will further strengthen the Naira that it will soon exchange for N500 to one United States Dollar.

November 8, 2023

African Leaders Launch School Of Governance, Appoint Moghalu Inaugural President

Business·News

Kingsley Moghalu To Headline Intra-African Trade Fair In Egypt, Ghana

The newly appointed Chairman of the Advisory and Executive Boards of the Africa Private Sector Summit (APSS) and a former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, will deliver the keynote address at the Joint African Continental Free

November 8, 2023

Agro-Economy·Business·News

NASENI, Ministry of Agriculture Partner To Boost Agro-Allied Industries, Food Security

The National Agency for Science and Engineering Infrastructure (NASENI) and the Federal Ministry of Agriculture and Food Security have initiated discussions to harness their technical expertise and resources for the enhancement of agro-allied industries, climate change mitigation, and smart solar irrigation to

November 8, 2023

Business·News

EFCC Arraigns 11 OAU Students For Internet Fraud, Grants Bail To 6

The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Monday arraigned eleven students of Obafemi Awolowo University (OAU) before Justice Nathaniel Ayo-Emmanuel of the Federal High Court in Osogbo, Osun State. The students were accused of their alleged

November 8, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 383

Dollar Rate Drops In Black Market, Stable In Official Window

Old, Redesigned Naira Notes Remain Legal Tender – CBN

AfDB Unveils $15 Billion Investment Interest In Abidjan-Lagos Highway Corridor

Aviation Unions Ground Flights To Owerri Airport Over Ajero’s Humiliation

Customs Seizes N1.2 Billion Worth Of Foreign Rice, Others In October

Nigeria’s Agricultural Exports Face US Rejection Due To Food Safety Gaps- USDA

NNPCL, Aiteo Launch Nembe Crude Oil Grade

Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate

Kingsley Moghalu To Headline Intra-African Trade Fair In Egypt, Ghana

NASENI, Ministry of Agriculture Partner To Boost Agro-Allied Industries, Food Security

EFCC Arraigns 11 OAU Students For Internet Fraud, Grants Bail To 6

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Dollar Rate Drops In Black Market, Stable In Official Window

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Dollar Rate Drops In Black Market, Stable In Official Window

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