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BusinessNews

Naira strengthens against dollar by 1.437 %

By Chioma Obinagwam The Nigeria’s currency— the Naira closed 1.437% stronger against the dollar in the parallel (black) market on Monday. Confiance News...

News

Lafarge Africa optimistic of robust returns amid forex volatility

By Chioma Obinagwam Leading innovative and sustainable building solutions company, Lafarge Africa Plc., is positive about delivering a resilient business despite being faced...

Business

Why CBN banned use of foreign currency as collateral for Naira loans

By Chioma Obinagwam   The Central Bank of Nigeria—the apex of Nigeria has instructed all Nigerian banks to stop accepting foreign currencies as...

BusinessNews

Banks open banking halls for cash withdrawals on weekends to ease naira crunch (in photos)

…most banks were crowded with customers looking to get their share of naira notes By Chioma Obinagwam Most Deposit Money Banks (DMBs) in...

BusinessNews

Pastor Adeboye issues stern warning to powerful people making life miserable for common man

The General Overseer (G.O) of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said God will soon deliver the common...

BusinessNews

Nigeria’s apex bank, CBN, says old N200, N500, N1,000 naira remain legal tender 

By Chioma Obinagwam Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has said that the old N200, N500 and N1000 notes...

BusinessNews

Nigeria’s apex bank, CBN, refutes report directing banks to collect old N500, N1000 notes

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has denied directing commercial banks to collect old N500 and N1,000 from Nigerians, dismissing...

BusinessNews

Naira redesign: CBN refutes claims of NSPMC’s incapabilities, closure of banks

By Chioma Obinagwam Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN), has debunked the news making rounds in a recording of...

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‎NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance‎

By Blaise Udunze‎‎When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian...

‎Why 2026 must be the year Nigeria’s economy works for all‎

By Blaise Udunze‎‎As the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of...