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Business - Page 488

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99

December 24, 2025

Business·Insights

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

The eight years romance between Godwin Emefiele and Muhammadu Buhari ended on May 29, 2023, when the latter handed over presidential power to Bola Tinubu. Emefiele enjoyed the protection and backing of Buhari for so long, he became the longest-serving Central Bank

June 12, 2023

Nigeria Govt Finally Secures Access To Heathrow Airport For Air Peace

Business

Air Peace Counters Ex-Aviation Minister, Sirika, Over Its Dubai Operations

The Chief Operating Officer of Air Peace, Toyin Olajide, said the former Aviation Minister, Hadi Sirika, made spurious claims about Air Peace while defending the launch of Nigeria’s national carrier, Nigeria Air. On Sunday, Sirika appeared on Arise TV to absolve himself

June 12, 2023

Business·Transport

Sirika Lied About Air Peace – Olajide, Chief Operating Officer

One of Nigeria’s leading carriers, Air Peace, has debunked the comments made by the former Minister of Aviation, Hadi Sirika, that the airline lacks the capacity to operate. Prime Business Africa reports that Sirika, who appeared on Arise News TV on Sunday

June 12, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

FX Dealers Increase Dollar Rate In Official Channel, USD Trades At N754.5 In Black Market

The official market on Friday, 9 June, recorded a 0.6% decline in the value of the naira, as the dollar rate was up by N3, according to the FMDQ Exchange, the official foreign exchange rate aggregator. It was gathered that the investors

June 12, 2023

Business·Oil & Gas

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

As reactions continue to trail the announcement of fuel subsidy removal by President Bola Tinubu, a Professor of Political Economy, Pat Utomi, has advised the Federal Government to grant licences to private investors to set up modular refineries. Prof. Utomi, who stated

June 12, 2023

Business·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to the Centre for the Promotion of Private Enterprise (CPPE). The

June 11, 2023

Business·Currency·News

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

How will the naira in the coming weeks respond to the goings-on in the Central Bank of Nigeria (CBN), given the suspension and eventual arrest of governor Godwin Emefiele? Lagos-based economic analyst, Razaq Abiola, believes that the current happenings at the CBN will

June 11, 2023

Business·Opinion

Was There Ever Fuel Subsidy In Nigeria?

The military regime of Olusegun Obasanjo in 1977 promulgated the Price Control Decree (later Act). The law makes it illegal for some products (including fuel) to sell beyond government’s set prices. Remarkably, the official price of fuel in Nigeria is always below

June 10, 2023

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business·FEATURES

Brief Notes On Past CBN Governors

Since the establishment of the Central Bank of Nigeria (CBN) in 1958, the country has had not less than 12 governors

June 10, 2023

Tax Reform Bill: No Region Will Be Shortchanged, Shehu Sani Tells Northerners

Business·News

Emefiele Suspension: Engage Independent Auditors For CBN ‘House Cleaning’, Shehu Sani Tells Tinubu

Shehu Sani, has urged the Tinubu led-Federal Government to engage the services of independent auditors, to probe activities of the apex bank during Buhari's administration.

June 10, 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 488

Dollar Rate Drops By N10 In Black Market

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Air Peace Counters Ex-Aviation Minister, Sirika, Over Its Dubai Operations

Sirika Lied About Air Peace – Olajide, Chief Operating Officer

FX Dealers Increase Dollar Rate In Official Channel, USD Trades At N754.5 In Black Market

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

Was There Ever Fuel Subsidy In Nigeria?

Brief Notes On Past CBN Governors

Emefiele Suspension: Engage Independent Auditors For CBN ‘House Cleaning’, Shehu Sani Tells Tinubu

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