Business
The rhythm of Nigeria's business world
Discover why Nigeria's naira has become the world's worst-performing currency, plunging to its weakest level in weeks. Amid rising pressure on the central bank to boost interest rates, the naira's decline underscores market volatility and underscores the challenges of managing forex controls in...
Nigerians express outrage as NIMC announces plans to charge fees for new national identity cards, labeling the move as unjust. Critics slam the commission's decision, calling it a burden on citizens. Social media erupts with discontent over the proposed payment system for ID cards."
Abisoye...
Discover the impact of escalating food prices on Nigerian households amidst stagnant wages. Explore the latest costs of essential staples like rice, beans, and garri, highlighting the financial strain on citizens. Calls for government intervention intensify as families struggle to meet basic...
![Today's Naira Rate [09-05-2024]: IMF Sounds Alarm as Naira Weakens, Exchange Rate Hits N1,459.73 Against Dollar](/data/attachments/203/203775-147ab142f8cf48479284e57b3d23fc38.jpg)
Nigeria
Today's Naira Rate [09-05-2024]: IMF Sounds Alarm as Naira Weakens, Exchange Rate Hits N1,459.73 Against Dollar
Explore Nigeria's economic landscape as the naira depreciates against the dollar, reaching N1,459.73. IMF's call for stability amidst high demand and scarcity.
Amidst a backdrop of economic turbulence, Nigeria's currency, the naira, continued its downward spiral against the US dollar...
The Central Bank of Nigeria (CBN) has recently unveiled a detailed roster of licensed Deposit Money Banks (DMBs) in Nigeria, providing valuable insights into the nation's banking sector. The list, organized by the types of licenses each institution holds, offers a comprehensive overview of...
Explore the Central Bank of Nigeria's decision to extend the suspension of cash deposit fees amidst backlash over the cybersecurity levy. Learn how this impacts individuals and corporations, shaping financial strategies in Nigeria's evolving banking sector.
The Central Bank of Nigeria (CBN) has...
![Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar](/data/attachments/203/203737-8457c57119a478bc5717b11aa4a694ef.jpg)
Explore the economic turmoil in Nigeria's currency markets as the Naira struggles against a surging U.S. Dollar. Amidst regulatory interventions and Federal Reserve policy uncertainties, fluctuations in exchange rates prompt concerns over FX liquidity.
On Wednesday, the Naira experienced a...
Here is a comprehensive guide to navigating CAC registration in Nigeria under the recent CBN mandate. With ten straightforward steps outlined, entrepreneurs can ensure compliance with ease. From selecting a business name to document retrieval, this guide empowers entrepreneurs to streamline the...
Learn about the controversy surrounding the Federal Government's introduction of a $300 landing fee for helicopter operators through NAEBI Dynamic Concepts Limited. While some operators comply, others resist, sparking division within the industry. Minister Festus Keyamo issues a directive...
Nigeria
Job Loss Looms: Microsoft Eyed to Shut Down Lagos Development Center, 200 Employees Affected
Reports indicate Microsoft's potential closure of its Lagos Development Center, jeopardizing 200 jobs. The move spells uncertainty for Nigeria's tech landscape and innovation prospects. While the company remains tight-lipped, economic challenges are speculated to drive the decision. The shutdown...
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