The naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the naira yesterday depreciated to N1,615.94 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,615.94 per dollar from N1,603.38 per dollar on… Read more

Access Holdings Plc (‘the Holdco’), has announced the return of Mr. Aigboje Aig-Imoukhuede as its Non-Executive Chairman. Aig-Imoukhuede replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the Holdco, who remains on the board as an Independent Non-Executive Director. A statement from the bank, said: “In response to the untimely passing of the immediate past Group… Read more

The Central Bank of Nigeria (CBN) has resumed its funding intervention for agriculture sector apparently in response to the challenges of food security in the country. The apex bank has earmarked N100 billion to purchase 2.5 million bags of fertilizers for distribution to farmers. The Governor of the CBN, Mr. Olayemi Cardoso, said that the… Read more

The federal government has asked Binance for information on its top 100 users in Nigeria as well as all transaction history for the past six months. According to the Financial Times, the request was made to establish the negotiations between Binance and Nigeria. In the report, the Office of the National Security Adviser (ONSA) is… Read more

Nigerian Islamic police in Kano arrest non-fasting Muslims during Ramadan (ghanaweb.com) Read more

Nigeria secures $1.3bn funding for rail link to Niger (ghanaweb.com) Read more

Nigeria Port Authority, NPA has said that cargo inflow into the country has increased by 200 per cent to 900,000 Twenty-foot Equivalent Units, TEUs, from 300,000 TEUs, due to the ongoing port reform. The Managing Director of NPA, Mohammed Bello-Koko  Koko disclosed   while speaking at a  breakfast meeting organized by   Maritime Reporters Association of Nigeria (MARAN) on… Read more

The Central bank of Nigeria announced a N100 billion funding to purchase 2.5 million bags of fertilisers to boost agriculture in the country The Central bank of Nigeria, CBN, has resumed its efforts to boost food production as a means of stemming the current high inflation rate, as it announced a N100 billion to purchase 2.5 million… Read more

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government of Nigeria for its decision to suspend the implementation of the Expatriate Employment Levy (EEL) to give room for further engagement with stakeholders.   In a statement made available to Vanguard, yesterday, Segun Ajayi-Kadir, the Director General of MAN said: “MAN had earlier made a… Read more

Beer prices to rise in Nigeria for third time in a year (ghanaweb.com) Read more