High Port Charges: Nigerian importers divert cargoes to neighbouring countries
Importers in Nigeria are now diverting cargoes to neighbouring countries to avoid undue restrictions at the country’s ports and high custom duties, a report has...
Business
Zenith Bank introduces *966# Fridays, offers triple free airtime
Nine hundred and sixty-six people will enjoy triple value on airtime purchases made every Friday through the Zenith Bank Plc. This means that buying N1000...
Nigeria’s Exports Grow By 63% to N1.873trn in Q2
The total value of Nigeria’s export trade increased to N1.873 trillion in the second quarter (Q2) of 2016, representing an increase of N725.6 billion or...
Dangote Group denies importating GMO rice
Sequel to reports that went viral few daus ago that Dangote group was allegedly partnering with the Federal Government to import and flood the market...
Eight Banks Readmitted into FX Market
Following the plea by the Body of Banks chief executives and other sectoral groups, the Central Bank of Nigeria (CBN) wednesday lifted its suspension of...
Nigeria officially in recession, GDP drops to -2.06%
…As unemployment rate rises to 13.3% By: Our Correspondent Nigeria is now officially in recession, this is as the National Bureau of Statistics...
Oil price hits $50, highest in eight weeks
Global oil benchmark, Brent crude, hit an eight-week high on Thursday even as the world’s biggest producers are prepared to discuss a possible freeze in...
CBN increases Forex Limits to 50,000USD for BDCs
Central Bank of Nigeria (CBN) has increased the amount that banks can sell to Bureaus De Change (BDCs) from $30,000 to $50,000. This was disclosed...
Oil extends gains above $44 on output freeze hopes
Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next month,...
Economy: Nigerians cut spending, change feeding and turn to prayers to weather the storm
Two in three Nigerians say their economic situation has worsened in the last three month, a poll has found. NOIPolls which did the survey with...