Strong US dollar hurts naira despite efforts unifying exchange rate
Article Summary Nigerian Naira faces pressure from the strong US dollar. US Federal Reserve hints at another interest rate hike in June. Debt ceiling suspension...
Category : Business
Manufacturers task CBN to prioritize productive sectors in forex allocation
Article summary The Director-General of the Manufacturers Association of Nigeria (MAN) has asked the federal government to ensure the CBN puts productive sectors of the...
Nigeria’s Oil Industry: Challenges and opportunities in the age of Dangote Refinery
Article Summary Aliko Dangote’s $19 billion refinery project marks his entry into Nigeria’s oil and gas downstream industry, offering potential solutions and opportunities. Nigeria, with...
TransferGo commits to empowering African migrants with tech skills
Article summary TransferGo announces partnership with High Impact Careers to support African migrants in Europe. TransferGo will sponsor African youths in a 10-week tech boot...
CBN’s Multiple Exchange Rate Leads to Lower Economic Growth – World Bank
Article Summary The President of the World Bank has said multiple exchange system rates being operated by Nigerian and other developing economies lead to high...
Real Madrid Top Forbes Most Valuable Clubs List with $6.07billion Value
Article Summary Real Madrid remains the most valuable soccer team for the second year in a row, with a worth of $6.07 billion. Manchester United...
How to cope with fuel subsidy removal
Article Summary The Nigerian government recently made the tough but inevitable decision to no longer pay fuel subsidies for its citizens. As a result, Nigerians...
BULLISH May: Nigerian Stocks post best return on Sub-Sahara
Nigerian stock market defies traditional wisdom in May 2023, delivering impressive performance with a gain of 6.42% and outperforming other markets in Sub-Saharan Africa. Market...
CBN refutes devaluation rumors, denies naira devalued to N631/$1
Article Summary The Central Bank of Nigeria has denied reports claiming that it has devalued the naira to N631/$1 The apex bank said the exchange...
How fuel subsidy removal affects SMEs, employees, and students in Nigeria
Article Summary Small businesses, particularly those heavily reliant on transportation and high fuel consumption, will henceforth face increased operational costs. Higher fuel prices will directly...