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Business

Despite Harsh Operating Environment, Hospitality Business Booms As Transcorp, Capital Hotel Post N4.5bn Profit

Despite the harsh operating environment, which has led to the closure of many businesses, the hospitality business is still booming based on the third-quarter...

Business

Dollar Overtakes Euro, Exchanges For N1,155 As Forex Crisis Worsens

The United States dollar has overtaken the Euro in the Bureau de Change segment of the foreign exchange market, trading at N1,155 per dollar...

Business

Forex Crisis: ABCON Directs BDC Operators To Stop Buying Dollars Above N900

Bureau de Change dealers across Nigeria may be planning a surprise disruption in the foreign exchange market as they have reached an agreement to...

Business

Banks Cut Corporate Social Responsibility Spending Despite Making N2trn Revenue

Deposit Money Banks are beginning to cut their spending on Corporate Social Responsibility despite posting huge revenue and profits from their operations.About five banks...

Business

Why We Lifted Forex Ban On Cement, Rice, 41 Other Items- CBN

The Central Bank of Nigeria has released an explainer to defend its action of lifting foreign exchange restrictions on the 43 items excluded from...

Business

CBN’s Decision To Lift Forex Ban On 43 Items Will Increase Value Of Naira- Experts

Some finance and economic experts have said that the decision of the Central Bank of Nigeria (CBN) to discontinue the forex exclusion policy on...

Business

Why PFAs Invest Pension Funds In Federal Government Bonds

Nigeria’s pension fund landscape is witnessing a robust investment strategy as Pension Fund Administrators (PFAs) diligently allocate pension fund assets to Federal Government bonds...

Business

Dollar Exchanges For N1,005 As BDC Operators Predict Further Crash

Bureau De Change dealers are predicting more troubles for the Nigerian currency as the naira dropped to N1005 per dollar on Tuesday.BDC dealers in...

Business

Nigerian Banks Need Serious Cleansing, Stakeholders Tell New CBN Gov

Stakeholders in the financial sector such as the Pol Eco Analyst and the Centre for the Promotion of Private Enterprises (CPPE) have set agenda...

Business

Cardoso: I’m Suspicious Of People With Commercial Banking Background Running CBN—Adams Oshiomhole

The Senator Representing Edo North, Adams Oshiomhole has said that he is suspicious of people who have commercial banking background managing the Central Bank...

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