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Lagos, Nigeria
Thursday, February 22, 2018

Naira maintains N361 per dollar at parallel market

The naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week, the News Agency...

CAC crashes cost of business registration

The Registrar-General, Corporate Affairs Commission (CAC), Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria is now cheaper...

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...

Oil prices up by 2%, Brent hits $60 per barrel

Oil prices jumped about 2 per cent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world’s...

Worst over for Nigeria, SA economies

The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday...

Nigeria sells treasuries to keep naira liquidity tight

Nigeria’s central bank sold N98 billion of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned...

Naira shortage hits Nigerian businesses

A Central Bank of Nigeria requirement that companies back forward dollar purchases with naira is drying up supplies of the local currency. The development has...

Nigeria’s Oranto Petroleum signs Uganda oil exploration deal

Nigeria’s Oranto Petroleum has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert, the company said on...

Bitcoin reaches record high of $6,000

Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors...

Bitcoin slides amid rollercoaster ride

The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin...

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Google honours Achebe on posthumous birthday

Technology giant, Google, has honoured Nigerian literary icon, Chinua Achebe on its doodle, adding up to the long list of awards clinched by the...

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