The Naira on Monday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria reports. The Nigerian currency lost one point to exchange at N361.7, weaker than N361.6 on Friday, while the Pound Sterling and the Euro closed at N502 and N430, respectively. At the Bureau De Change window, […] …
Business and economy
ATMs record transactions worth N1.56bn in first quarter –NBS
The National Bureau of Statistics has revealed that transactions from Automated Teller Machines of selected banks across the country reached N1.568 billion in the first quarter of 2018. The NBS stated this in its Selected Banking Sector Data for First quarter, 2018, posted on it’s website. The bureau stated that a total of 457,226,406 transactions […] …
Naira depreciates to dollar
The Naira on Wednesday depreciated to N360.16 to the dollar at the investor’s window, losing 70kobo from N360.09 traded on Tuesday. Trading at the parallel market saw the naira closed at N362 to the dollar, while the Pound Sterling and the Euro closed at N514 and N445, respectively. At the Bureau De Change window, the […] …
Nigeria’s doors are open for business –Buhari
President Muhammadu Buhari has assured members of the Commonwealth of Nigeria’s open-door policy for business at the Commonwealth Business Forum on Wednesday in London. According to his personal assistant on New Media, Bashir Ahmad, the President said, “Nigeria’s doors are open for business. “Nigeria is and shall remain an open trading economy, deep in integration and […] …
NNPC makes trading profit of N250bn, director says
The Group Executive Director, Finance and Accounts of the Nigerian National Petroleum Corporation, Mr. Isiaka Abdulrazak, said the corporation made a trading profit of N250bn in 2016. Abdulrazak said this in a quarterly publication of the NNPC, a copy of which was obtained by the News Agency of Nigeria on Tuesday in Abuja. According to him, […] …