Top 7 markets in Lagos to buy affordable food items

By Biodun Busari Nigeria has been battling with harsh economic conditions that have subjected its citizens to a high cost of living as costs of items daily become unbearable in markets which... Read more »

Nigeria gets 60% share of Aferimbank’s $30bn oil, gas funding

By Jide Ajia The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in Africa. The bank disclosed investing $30bn in industry projects, with... Read more »

Two BDC operators jailed in Kano, 16 remanded in Rivers

Nathaniel Shaibu, Dennis Naku and Ted Odogwu A Rivers State Magistrates’ Court in Port Harcourt, on Tuesday, remanded 16 Bureau de Change operators in the Port Harcourt Correctional Centre for unlawful banking... Read more »

CBN resumes forex sale to BDC operators after three years

By Damilola Aina The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years... Read more »

NAFDAC’s ban on sachet alcoholic drinks unacceptable, MAN  insists

By Sodiq Ojuroungbe The Manufacturers Association of Nigeria has insisted that the ban on the sale of alcoholic drinks in sachets and Polyethylene Terephthalate bottles by the National Agency For Food and Drug... Read more »

Cooking gas price rises by 38% to N16,250

By Mariam Eko The price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas rose by 38 percent on a month-on-month, MoM basis, as the 12.5kg cylinder now sells at N16,250... Read more »

‘Correct move’ —  Moghalu backs Cardoso on CBN’s 22.5 % interest rate benchmark

A former Deputy Governor, Central Bank of Nigeria, Kingsley Moghalu has commended the CBN for raising the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 percent from 18.75 percent.... Read more »

CBN sells over $300m to banks as naira gains

Edidiong Ikpoto and Damilola Aina The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The... Read more »

Customs suspend rice sale after seven die in stampede

Uthman Salami and Animasahun Salman The Nigeria Customs Service, on Monday, announced the suspension of the sale of foodstuffs following a stampede that reportedly killed seven persons at the NCS Old Zonal... Read more »

CBN sells over $300m to banks as naira gains

Edidiong Ikpoto and Damilola Aina The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The... Read more »