Dollar Falls by 8.39% on Parallel Market Foreign exchange (FX) speculators are now counting losses as the dollar has fallen by 8.39 percent on the parallel market, following some government-announced policies. From the lowest of N1,310 per dollar, naira has strengthened to N1,200/$1 on the black...

In Two Years, NDLEA Seized 6,668 Tonnes of Illicit Substances - Marwa The Chairman, National Drug Law Enforcement Agency, Brig.-Gen. Buba Marwa (retd.) says the agency has seized more than 6,668 tonnes of illicit substances in two years. Marwa said this while responding to the request...

Former CBN Governor, Emefiele Arrested by EFCC Former Governor of the Central Bank of Nigeria, Godwin Emefiele, is currently being detained in the custody of the Economic and Financial Crimes Commission (EFCC). Emefiele, who is currently being interrogated at the National Headquarters of the anti-graft agency,...

Rainoil Boss: Increased Crude Oil Production Will Boost Nigeria’s Economy Nigeria must increase crude oil production to boost its economy, the Managing Director, Rainoil Limited, Gabriel Ogbechie has said. Ogbechie, who made the remarks at a panel session at the just concluded National Economic Summit at...

Why We Can’t Sell BUA Cement at N3,500 - Retailers Some cement retailers in Lagos and Ogun state have given reasons BUA Cement products are still sold above N5,000 per bag despite the company announcing a 36.4 percent cut in price on October 1. BUA Cement...

Inflation May Hit 30% by December - Stears Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data-driven insights provider announced this while unveiling its Pan-African inflation forecasts. It projected that Nigeria’s annual inflation rate is set to...