Finance

BDC operators arrested as naira sells 1,416/$

Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some Bureau De Change operators at the popular Wuse Zone 4 market on Tuesday. This came as traders…

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Lasted Finance

Dollar speculation: FG to ban naira from crypto trading platforms

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms…

Forex: Turnover in NAFEM falls 37% to N3.47bn

The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, declined month-to-month (MoM) by 37.4 percent to $3.47…

IRC Allocates $84.4 Million To Combat Insurgency-Induced Malnutrition In Northeast

The International Rescue Committee (IRC) has allocated 84.4 million across Borno, Adamawa, and Yobe to tackle malnutrition, provide economic empowerment…

No comment: Maersk declines to confirm presidency’s $600m seaport investment claim

Danish shipping and logistics company, A.P Moller-Maersk, has avoided comments on a supposed investment in Nigeria’s seaport infrastructure totalling $600…

Banks expand loans size by 57% to N37.2trn

Amidst tight monetary policy and economic contractions, loan portfolio of leading Deposit Money Banks in Nigeria expanded by 57 percent to N37.17…

Naira depreciates to N1,340/$ in parallel market

The Naira yesterday depreciated to N1,340 per dollar in the parallel market, from N1,300 per dollar last week Friday. Similarly,…

Yahaya Bello not subjected to media trial – EFCC

The Economic and Financial Crimes Commission, EFCC, has dismissed claims that its Chairman, Ola Olukoyede subjected the immediate past governor…

Sirika spends second night in EFCC custody over N8bn probe

Embattled former Minister of Aviation, Hadi Sirika, has spent his second night in the custody of the Economic and Financial…