Business

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso Nigeria lost a total of $1.4bn in 8 years over CBN’s ban on 43 items. Cardoso disclosed this at the 58th Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) on Friday in Lagos. According …

The naira again declined against the U.S dollar at the official market on Thursday, exchanging for N827.83 to one U.S dollar after a slight appreciation on Wednesday which saw the local currency exchanging at N818.99/$1. This is still a slight gain when compared to the N850.22 it recorded on Tuesday. …

The Presidency Tuesday said dollar speculators will soon have a shock of their lives through policies of President Bola Ahmed Tinubu’s administration and the Central Bank of Nigeria (CBN). Vice President Kashim Shettima said this in Abuja at the lecture and launch of a book titled, “Cowries to Cashless,” which …

The federal government has launched the Eme-ticket platform for Lagos-Ibadan and Warri-Itakpe rail lines. The e- ticketing platform will, however, take effect from November 1st, 2023. Speaking at the launch Monday in Abuja, Minister of Transportation, Saidu Akali said the initiative will ease access to tickets and end ticket racketeering. …