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Nigeria's petrol crisis intensifies as calls for a market-based pricing mechanism grow. The Nigeria National Petroleum Company (NNPC) faces a $6...
A U.S. federal court has fined Nigerian businessman Dozy Mmobuosi over $250 million and banned him from serving as a public company director. The...
The Nigerian National Petroleum Corporation (NNPC) faces backlash after admitting prolonged fuel scarcity due to unpaid debts to suppliers...
The Central Bank of Nigeria (CBN) has sacked all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending...
PZ Cussons Nigeria reported its first annual loss since 2020, with a N76 billion deficit for the year ending May 2024. The loss was driven by a...
X, formerly Twitter, has been banned in Brazil after failing to comply with a Supreme Court order to appoint a legal representative and pay fines...
![Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions](/data/attachments/207/207791-31fa721aaf6302a0c356371f7a19343c.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions
The Naira depreciated significantly, losing N30 in the parallel market and N28.48 in the official market last week. It fell to N1,645 against the...
Abdul Samad Rabiu, chairman of BUA Cement, revealed that plans to reduce cement prices to N3,500 were thwarted by dealers' actions, leading to...
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