NairaDay

HEDA, a civil society organization, has accused the AGF Abubakar Malami of misleading President Buhari about the OPL 245 scandal and falsely claiming that it was repelling investors from the country. HEDA, in a letter addressed to Buhari on Monday signed by its Chairman, Olanrewaju Suraju, said the alleged deceit by Malami has led to a series of financial losses...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 83 pips to 6.8835 against the dollar on Monday, according to the China Foreign Exchange Trade System.In...

In light of the current crisis in Sudan, Air Peace has come forward to offer its assistance to Nigerian nationals who are stranded in the country. The airline has made it clear that it is willing and able to evacuate these individuals free of charge. Speaking with aviation journalists on Sunday night in Lagos, the Chairman of Air Peace, Mr. Allen Onyema, lamented that Nigerian students and others stranded in the war-racked nation had...

Lagos leads other states of the federation with a total mobile subscription of 26.5 million, followed by Ogun which recorded 12.9 million subscriptions at the end of 2022. Kano came...

According to the banks’ annual financial reports, 2022 was not really a good banking experience for several customers across different bank platform. Access Bank Holdings Plc, Zenith Bank Plc, Wema...

Without substantial FX management reforms, the World Bank predicts that Nigeria's foreign reserves will not experience any growth and remain unchanged in 2023. In its recently released report titled ‘Macro Poverty Outlook for Nigeria : April 2023’, the Bretton Woods institution said fiscal and external pressures are expected to persist due to...

The Naira, the official currency of Nigeria, has been on a remarkable upswing in recent days. Investors have been keeping a close eye on the currency's performance, and their confidence has not been misplaced. The Naira has experienced yet another surge in value at the official market, cementing its position as a strong and stable currency. This upward trend is a testament to the resilience of the Nigerian economy, and it bodes well for the country's future.  Data from FMDQ securities where Naira is officially traded showed that on Wednesday, it increased in value by 75 Kobo or 0.16 percent to trade at N462.50/$1 compared with...

The Nigeria Civil Aviation Authority (NCAA) has assured the public that the ongoing amendment of the Nigeria Civil Aviation Regulations (Nig.CARs) 2015 guarantees full refunds to passengers in case of...

Nigerian Breweries Plc has reiterated that access to foreign exchange remained a major impact on the company’s profitability in 2022, however, despite the challenges, it retained its leadership position in...

Professor Chukwuma Charles Soludo, the Governor of Anambra State, has given the commitment of the State Government to partner with the Manufacturers Association of Nigeria (MAN) and the organized private...