Business

FG to support 1,300 MSMEs with N50,000 each for eight months

President Bola Tinubu says the federal government is making plans to support micro, small and medium-sized enterprises (MSMEs) in the…

3 years ago

Again, Naira slides, trades high at parallel market

VAM News Update THE Nigerian naira, on Monday, weakened to N871 per US dollar at the parallel section of the…

3 years ago

Currency in circulation hits N2.26tn— CBN

Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central…

3 years ago

SASASNET: Why Dangote refinery engaged 11,000 workers from India

The Sub-Saharan African Skills and Apprenticeship Stakeholders Network has explained why the Dangote refinery engaged 11,000 skilled workers from India…

3 years ago

CBN: Gradual phasing out of old naira notes continues

The Central Bank of Nigeria has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira…

3 years ago

CBN speaks on old naira, new notes as means of financial transaction in Nigeria

VAM News Update THE Central Bank of Nigeria (CBN) says plans to gradually phase out the old N200, N500, and…

3 years ago

BREAKING: CBN vows to tackle forex pressure, raises lending rate

The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the…

3 years ago

BREAKING: FG to fine PoS operators N1m for illegal pricing

The Federal Government, through the Federal Competition and Consumer Protection Commission, has issued a cease-and-desist order to Point of Sale…

3 years ago

EXCHANGE RATE: Dollar now N876 as forex shortage worsens

The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday.…

3 years ago

Naira plummets to N860/$ at parallel market as dollar demand intensifies

VAM News Update THE Naira has plummeted at the parallel market following an increased demand for the Dollar. The Naira…

3 years ago