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Lagos, Nigeria
Sunday, April 22, 2018

Oil boom for Nigeria as prices hit $73.79 a barrel

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing...

CBN injects another $210 million into forex market

The Central Bank of Nigeria (CBN) says it has again injected $210 million into the foreign exchange (forex) market in continuation of its intervention...

Experts predict high inflation rate in coming months

Two financial experts on Monday said that the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) would not be feasible, due...

Negative day for Nigerian stocks, N150 billion lost

Activities opened on the Nigerian Stock Exchange (NSE) on Monday in the negative as the market capitalisation lost N150 billion and volume depreciated by...

Nigeria’s mobile phone subscription hits 147m

The Nigerian Communications Commission (NCC) said that the country’s phone subscriptions have reached 147 million as at January 2018. The Executive Vice Chairman, NCC, Professor...

Nigerian banks lose 2m customers in 2 years – Statistics

Despite Central Bank of Nigeria’s effort to promote financial inclusion, Nigerian banks lost over two million customers between 2016 and 2017. According to statistics from...

CBN lifts forex market with $210m

The Central Bank of Nigeria (CBN) has provided fresh $210 million to meet customers’ requests in various segments of the foreign exchange market. The apex...

Amazon boss Bezos tops Forbes world’s rich list

Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second...

Britain to add naira to list of accepted trade currencies

The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote...

OLX shuts down Nigeria offices

There are indications that OLX, an online marketplace owned by Naspers, has shut down its offices in Nigeria, a move that will affect over...

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VIDEO: Jidenna in Tiny Desk Concert

https://youtu.be/h-_YEiac55s?t=48 "Classic Man," the 2015 debut single from Nigerian-American MC Jidenna, caught everyone off guard. The song found him teetering between rapping and singing about...

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