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15:19 Nigeria will struggle to lure back Investors, Except it floats Naira – JPMorgan

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23:11 Donald Trump blasts Nordstrom for dumping Ivanka’s clothing line

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17:43 Dangote drops out of TOP 100 richest in the world, meet 3 richest Nigerians for 2017

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10:51 Militant threaten to bomb MTN, other South African companies

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13:49 Reps disagree with Adeosun over reduction of CBN powers

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15:40 BREAKING: Naira rises to N410 per Dollar at parallel market

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19:34 Federal government okays N80bn for reconstruction of 12 roads

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16:56 First Bank, others roll out gifts to Nigerian Lady who refunded guy their date money (photos)

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Business

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  • Nigeria naira slides to 405 to dollar on black market

    April 10, 2017 4:42 PM 19

    When it comes to Nigeria’s currency, mind the gap, again: the spread between the official and parallel market rates for the naira is widening once more. However, the naira is weakening once more on the black market, slipping below 400 to the dollar, to 405 to the dollar on Monday, according to traders. Chronic dollar shortages in Nigeria began after

  • Forex: We will sustain intervention – CBN

    April 10, 2017 2:34 PM 15

    The Central Bank Nigeria (CBN) has said it will continue to make foreign exchange supply available. According to him, the apex bank will sell short tenured forwards of 7-30-day maturity to meet demand of manufacturers and all other foreign exchange users. The statement reads in part: “In the weeks ahead the CBN will sustain its intervention through the sale of foreign

  • Nigerians Stand Against Deportation Of Chained Compatriot In KLM Flight

    April 10, 2017 1:02 PM 9

    A group of Nigerians on board a Dutch KLM flight stopped the flight from departing, demanding that a fellow Nigerian who was handcuffed as well as chained like a hardened criminal, scheduled for deportation back to Nigeria be removed from the flight. In a viral video on social media, the group of Nigerians who were unhappy about how the deportee was handcuffed

  • Naira: Why Nigeria’s currency will get worse – Prof. Ukpong

    April 10, 2017 7:53 AM 14

    A Don and Professor of Financial Economics in the University of Uyo, Awka Ibom State, Leo Ukpong, has stated that the Naira will get worse if Nigeria’s External Reserves are depleted. Ukpong, the Dean of the institution’s Business Administration Faculty, said forex exchange should be channelled towards economic activities that create values in the domestic

  • EFCC begins manhunt for owner of seized N448.85m found in Lagos shopping complex

    April 8, 2017 3:15 PM 17

    The Economic and Financial Crimes Commission (EFCC) has said that it is searching for the owner of N448.85million it discovered in a shopping plaza in Lagos state late on Friday, April 7. According to The Punch, spokesman of the agency in Lagos Sam Amadin said it was trying to reach the owner of the complex with a view to knowing who rented the said shop 64. “The shopping

  • EFCC Discovers About 5bn Naira In Lagos Plaza

    April 8, 2017 12:55 PM 16

    The Economic and Financial Crimes Commission (EFCC) has uncovered another large amount of cash suspected to be used for money laundering. About 448.8 million Naira was found in a shop at the Legico Shopping Plaza on Ahmadu Bello Way, Victoria Island, Lagos on Friday. The money, stashed in several plaid plastic bags were in 500 and 1000 naira denominations

  • EFCC in manhunt for owner of N449m found in Lagos shop

    April 8, 2017 12:08 PM 17

    The Economic and Financial Crimes Commission (EFCC) has launched a manhunt for the owner of N449 million discovered in a shopping plaza in Lagos state, Sam Amadin, spokesman of the commission in Lagos, has said. In an interview with NAN on Saturday, Amadin said the agency was making efforts to reach the owner of the complex, with a view to knowing who rented

  • UPDATE: EFCC discovers N448.8 million at abandoned Bureau de Change in Lagos

    April 7, 2017 10:04 PM 15

    Economic and Financial Crimes Commission (EFCC) has discovered over N400 million in an abandoned Bureau De Change in Lagos. The Economic and Financial Crimes Commission, Lagos zone, this evening uncovered yet another large sum of suspected laundered money to the tune of N448, 850,000 (Four hundred and forty eight million, eight hundred and fifty thousand

  • Abuja Airport reopens April 19 – Osinbajo

    April 7, 2017 5:43 PM 20

    Vice President Yemi Osinbajo, SAN, Friday expressed optimism that the Nnamdi Azikiwe International Airport, Abuja would be opened on April 19. He gave this assurance while fielding questions from newsmen during his tour of the airport. DAILY POST reports that the federal government had last week closed the NAIA for six weeks, to repair its runway, and diverted

  • Abuja airport runway rehabilitation 80% completed – FAAN

    April 7, 2017 2:43 PM 17

    The Managing Director, Federal Airport Authority of Nigeria (FAAN), Mr Saleh Dunoma, said rehabilitation of the Nnamdi Azikiwe International Airport, Abuja, runway was 80 per cent completed. Dunoma stated this while conducting the Vice President, Prof. Yemi Osibanjo, on an inspection of the project on Friday. He said that the critical parts of the work, including