Tag Archives: Business Gist

The Naira on Monday appreciated in all the major segments of the foreign exchange market, newsmen report. The Nigerian currency gained three points to exchange at N460, from N463 posted on Friday, while the Pound Sterling and the Euro closed ...

Continuous increase in prices especially gari. Homemakers visit to Mile12 market in Lagos on Tuesday, saw a significant increase in the price of gari. A gari seller told our correspondent that the price will still increase because it is in ...

Buhari to intensify anti-corruption fight, allocates N17.b to EFCC By Emma Ujah, Abuja Bureau Chief & Michael Eboh The Presidency has proposed a N6.5 billion capital expenditure with which to buy cars, kitchen equipment, feed the animals in the Villa ...

First Bank of Nigeria Limited has increased transfer transaction limits on its FirstMobile Lifestyle app from N500,000 to a maximum daily limit of N1m. The Head, Digital Banking, First Bank, Mrs. Folasade Femi-Lawal, in a statement on Monday said the ...

Bitcoin, the world’s favorite cryptocurrency has surged from $700 to $1135 in the past few weeks. The digital currency has been exhibiting some promising trends this year, in spite of facing drastic setbacks following multiple hacking incidents in 2016. As ...

Chicken consumers in Asaba on Sunday expressed displeasure over the hike in charges for processing the commodity by butchers. A survey conducted by the News Agency of Nigeria (NAN) at the Abraka Market revealed that the price for processing one ...

Press Release No. 16/529 “IMF Staff Concludes Visit to Russian Federation” End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the ...

According to Moses Tule, the Director of Policy of the Central Bank of Nigeria, the on-going economic recession has persisted owing to application of wrong prescription by non-professionals, reports Vanguardngr. His words: “Some came in as doctors into the macro-economic ...

The Central Bank of Nigeria (CBN) has distanced itself from reported plans to amend the Foreign-Exchange Act to provide for the imprisonment of anyone who holds foreign currencies, particularly the United States dollars, for more than 30 days. The apex ...

If you have invested a fortune in this ponzi scheme particularly in Nigeria using bitcoin or transferring money via your bank account, please stop it from now on or if you have received your first payment, just stop investing please. Be ...