Category: Business
Dollar rate margin widens in black, official markets by over N300, as naira falls across channels
November 2,2022 Bureau De Change operators continue to sell the United States dollar at a premium price in the black market, maintaining its over N300 difference when compared to the
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EFCC raids BDC shops in Abuja, arrests over 50 as naira falls to N820/$
November 2,2022 Operatives of the Economic and Financial Crime Commission (EFCC) on Tuesday raided some bureaux de change (BDC) in Abuja, the nation’s capital. The raid is against the backdrop
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Naira depreciation’ll worsen Nigeria’s food, energy crisis — W’Bank
November 1,2022 The shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and
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Nigeria produces 650,000 international passports
November 1,2022 The Federal Government has said that 650, 000 international passport booklets were produced in 2022. This is 100,000 fewer than 750, 000 applications within the year. The Minister
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BUA Foods grows profit by 65% to N30.045 billion in Q3
October 31,2022 BUA Foods Plc has announced its unaudited financial statements for the third quarter that ended on September 30th, 2022. The financial report, seen by Nairametrics, showed a profit after
Read MoreFrenzy as naira hoarders drive exchange rate to N800/$1 at FX black market
October 31,2022 According to media reports, the exchange rate between the naira and the dollar fell to N800/$1 on Monday. Some outlets reported the exchange rate at N865/$1. Nairametrics cannot
Read MoreBuhari backs Emefiele on redesign of Naira
October 31,2022 President Muhammadu Buhari has backed the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on the planned redesign of Naira notes. Emefiele had last Wednesday announced that
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More woes for Nigerian economy, as Minister confirms daily crude theft of 700,000 barrels
october 30,2022 Minister of State for Petroleum Resources, Chief Timipre Sylva, on Saturday, disclosed that the country loses at least 700,000 barrels of crude oil to thieves every day. He
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