As Nigeria continues the process of full reopening of its economy due to the lockdown over the Corona Virus (COVID-19), the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele,…
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Category: Economy
Naira depreciates to N460/$1 at the parallel market
The Naira depreciated to N460 to a dollar at the parallel market, popularly referred to as the black market, on Tuesday, May 19, 2020, despite the volatility that persists in the…
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Why disbursement of N50 billion CBN loan is still difficult– NIRSAL
The Managing Director of NIRSAL Microfinance Bank Plc, Abubakar Kure, has disclosed that the nationwide lockdown and restrictions had been a major challenge to the smooth processing of the N50…
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Transmission Company of Nigeria MD sacked by FG
Yusuf Bello| The federal government on Tuesday sacked Usman Gur Mohammed, the managing director of the Transmission Company of Nigeria (TCN). The minister of power, Mohammed Sale who announced the…
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Nigeria seizes British aircraft operating illegal commercial flights into the country
Yusuf Bello| The federal government has seized an aircraft belonging to Flair Aviation, an aviation company with ties to Germany and the United Kingdom, for operating illegal commercial flights into…
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