Business

Nigeria technically in recession – Minister of Finance, Kemi Adeosun

Amaechi signs MoU on the $11.117bn Lagos-Calabar railway project expected to be completed in 2 years See more photos after the page break.

According the Debt Management Office ( DMO ) the FG is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year. The FG ...

Note the bolded. Unless you are a bank, you cannot buy at that rate. That is the rate that banks will buy from the primary dealers (who are banks anyway). In other words, the big banks in Nigeria who will ...

International money transfer is something huge many people do around the globe each day. From the global company who pays international  bills in Dubai to the Family who would like to buy a residence in Nigeria to the migrant worker who sends ...

Sending money overseas happens every day. This may be done for business reasons and also for individual reasons. There are a lot of money sent and there are small amount of money being sent as well. Once in a while ...

Today’s (16/5/16) exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros

Famous Nigerian oil head honcho, Kola Aluko (right) has sold his Bel-Air, Los Angeles mansion, as Nigerian and European authorities investigate him for alleged money-laundering and misrepresentation related violations, Forbes reports, citing The Los Angeles Times. The 46-year-old sold the home ...

Nigeria’s Apex bank, The Central Bank of Nigeria has denied reports that the Naira was furtively devalued to N290 to a dollar. The CBN additionally denied reports from securing arrangements to devalue the Naira later on. The bank’s Acting Director, Corporate ...

Here is today’s exchange rate of the Nigerian Naira against the Pound, Dollar and Euro .