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Finance & Economy - Page 224

Business·Finance & Economy·News·Nigeria·Top Stories

Kano Shuts Entertainment Centres for Ramadan

The Kano State Government has ordered the closure of all entertainment centres across the state ahead of the Muslim holy month of Ramadan. The directive, announced on Tuesday by the Kano State Censorship Board, affects venues popularly known as gala houses as well as

February 18, 2026

Agro-Economy

Buhari Lauds $538.05m Agric Intervention Funds In Africa By AfDB, IsDB, IFAD

Nigeria’s President, Muhammadu Buhari, has applauded the provision of $538.05 million by the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the International Fund for Agricultural Development (IFAD) for the first phase of the Special Agro-Industrial Processing Zones (SAPZ) for

January 26, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

The exchange rate between the naira and the dollar sold at an average of N750/$1 on Wednesday, 25 January 2023, in the black market. In the black market, operated by the Bureau De Change operators, the naira appreciated by 0.40 per cent, in

January 25, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Currency

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Despite pressure by various groups for the extension of the deadline of phasing out the old ₦1,000, ₦500, ₦200 notes, the Central Bank of Nigeria (CBN) has insisted that they would cease to be legal tender by 31st January. The CBN Governor,

January 25, 2023

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Business·Oil & Gas

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve the current scarcity of Premium Motor Spirit (PMS), according to

January 25, 2023

Real Estate

House To Rent …Only $50K Per Month

You would agree with me folks that the world is right now in more turmoil than usual, and that is saying something. We are welcoming with open arms and broad smiles Armageddon by sheepishly walking into a nuclear war, what with the

January 25, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as the naira weakened by -1.07 per cent. It was learnt that the cost to buy one dollar increased to an average of

January 24, 2023

Business·Finance & Economy

Inflation And Poverty In Nigeria: Explainer

1. Understanding Inflation Inflation is one of the most used expressions in discussions about the economy. Yet the idea is often misunderstood. Although there are several schools of thought on inflation, economists generally agree that it means a constant, progressive rise in

January 23, 2023

Africa·Finance & Economy

Africa: ‘Realising Benefits Of AfCFTA Agreement Lies In Implementation’

Realisation of the benefits of the African Continental Free Trade Area (AfCFTA) agreement lies in commitment and diligent implementation of it by African nations, say global economic leaders. Acting Executive Secretary, Economic Commission for Africa (ECA), Mr. Antonio Pedro, has stressed the

January 23, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Faces Biggest Devaluation, Loses To Dollar, Others

In the Investors and Exporters window of the official market, the exchange rate between the naira and the dollar depreciated by 0.05 per cent or N0.25 kobo on Friday, 20 January 2023. This came on the back of concerns that the Nigerian

January 23, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has disclosed that the cost of Premium Motor Spirit (PMS) could rise to N800/litre even as petrol scarcity persists. According to Shuaibu, the removal of the fuel subsidy will cause

January 23, 2023

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Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

‘CBN’s Interest Rate Remains High, Choking Businesses’

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

The main fears and warnings of critics of the actions

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Finance & Economy - Page 224

Kano Shuts Entertainment Centres for Ramadan

Buhari Lauds $538.05m Agric Intervention Funds In Africa By AfDB, IsDB, IFAD

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

Naira Reissue: CBN Insists On January 31 Deadline For Old Notes

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

House To Rent …Only $50K Per Month

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

Inflation And Poverty In Nigeria: Explainer

Africa: ‘Realising Benefits Of AfCFTA Agreement Lies In Implementation’

Naira Faces Biggest Devaluation, Loses To Dollar, Others

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

Featured Stories

JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

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Customs Service Explains Exchange Rate Process for Import, Export Valuation

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

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Ford Foundation President Concludes First Official Visit to Nigeria

Dollar Rate Falls To N1,388/$ In Black Market, Increases To N1,338/$ In Official Window

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UK Factories Warn High Energy Costs Are Driving Businesses Overseas

Markets Fall as Iran Signals New Chance for Nuclear Talks

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

Ford Foundation President Concludes First Official Visit to Nigeria

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Finance & Economy - Page 224

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