Nigerian Breweries suffers N153bn FX Loss Nigerian Breweries Plc has announced that it suffered a N153 billion foreign exchange loss due to the devaluation of the naira. This was disclosed in its earnings report which accompanied its audited results for the year ended December 2023 filed...

Dollar Sales Drop by 74% to $84.1m Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from the $331.1m transactions recorded at the official Nigeria Autonomous...

Nigeria, Brazil to Deepen Bilateral Relations As Trade Plunge by $8bn Nigeria and Brazil are considering the possibility of establishing direct flight operations between their respective financial capitals of Lagos and São Paulo, respectively. Both countries also reaffirmed their commitment to deepening bilateral relations mainly to...

Nigeria to Host African Central Bank Headquarters President Bola Tinubu has said Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty. Addressing leaders at the 37th Ordinary Session of the Assembly of Heads of State and Government...

MMF: Tinubu Should Implement Murtala's Policies During the remembrance of the late Head of State, Gen. Murtala Muhammed, on February 13, the Murtala Muhammed Foundation (MMF) urged the President Bola Tinubu-led Federal Government to examine his policies and programs as sources of inspiration to address...

ECOWAS To Promote African Products At 2024 Ecofairs In September, the Economic Community of West African States (ECOWAS) and friendly countries will meet in Lagos for the fourth edition of Ecofairs, aimed at promoting trade among West African countries. The Chief Executive Officer of Ecofairs, Sylvester...