Stakeholders in the manufacturing sector have faulted the Federal Government over the country's poor economic performance.
This development came amid the recession Nigeria just plunged into.
With the economic downturn, stakeholders in the manufacturing sector, including those under the auspices of Manufacturers’ Association of Nigeria’s Export Group, Abuja Chamber of Commerce...
The Nigerian government has lost no fewer than N700 billion in less than three weeks. This is due to the nationwide #EndSARS protest.
While discussing the implications of the protest against police brutality, Toki Mabogunje, the President of Lagos Chamber for Commerce and Industry (LCCI), said the nationwide demonstration has...
Zamfara has secured a N5billlion gold refinery deal from the Central Bank of Nigeria (CBN). The state governor, Bello Matawalle made this disclosure.
Addressing journalists during a press conference, Matawalle explained that the new deal is to strengthen the state government’s commitment to supply refined gold.
The Zamfara governor further revealed...
Dollar to naira again traded on Friday, October 22, 2021, and activities in the foreign exchange (forex) market, saw the Nigerian local currency exchanged for N414.10 per $1 at the Investors & Exporters FX window ( I&E FX Window), where the currency officially trades.
According to the data seen by Unmask NG...
Chairman of the United Bank of Africa (UBA) Group, Tony Elumelu has highlighted the economic recovery plan for President Muhammadu Buhari and other African leaders.
While speaking at a roundtable discussion made up of African leaders, including Dr. Ngozi Okonjo – Iweala, the Special Envoy of the African Union on...
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema has revealed how several policies of the Central Bank of Nigeria (CBN) saved the country's economy from a total meltdown as COVID-19 rages.
During a forum over the weekend, Onyema stated that the economy faced different challenges as...
The Central Bank of Nigeria (CBN) has advanced steps to tackle the increasing exchange rate challenge the country has since been battling, as it announced its decision to attract about $2 billion monthly as remittances from citizens in diaspora.
According to the Governor of CBN, Godwin Emefiele, since Pakistan receives...
Stakeholders in Nigeria’s aviation sector are expressing fears, as mass sacking is imminent due to the novel coronavirus also known as COVID-19.
Amongst the many sectors affected in this torrid period is the aviation industry. This is because of the lingering lockdown triggered by the infectious disease.
While other sectors have...
The Central Bank of Nigeria (CBN) has floated Tertiary Institutions Entrepreneurship Scheme (TIES), a new grant scheme in order to tackle the country's alarming unemployment rate.
Unlike several other existing grants in the country, the TIES is a N500 million grant that would be accessible for students across tertiary institutions....
Dollar to naira, on Tuesday, November 2, 2021, opened at N414.26 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate at N414.26/$1 on Tuesday, and closed at N415.02 on the same day.
This...