VAM News Update THE naira fell to an all-time low of N950 to one dollar at the parallel market on Thursday afternoon, The Nation has learnt. It had traded earlier this week at N897....
Read More
0 Minutes
1 Minute
Yusuf: Forex volatility reason for shrink in Nigeria’s manufacturing sector
The Director of the Centre for the Promotion of Private Enterprise, CPPE, Dr Muda Yusuf, said foreign exchange volatility impacted firms’ losses negatively. Yusuf, the former Director-General of Lagos Chamber of Commerce and...
Read More
3 Minutes
BUSINESS: Heritage bank reassures customers as concerns mount
Amidst concerns by bank customers about the financial state of Heritage Bank, one of Nigeria’s Deposit Money Banks (DMBs), the bank says all is well. According to a recent statement by Ozena Utulu,...
Read More
3 Minutes
How First Bank staff Nwadiashi who debited over N9m from customer’s account bags jail term
Andrew Nwadiashi a 40 year-old banker and eight internet fraudsters were on Friday, August 4, 2023, convicted and sentenced to prison by Justice M. Itsueli of the Edo State High Court sitting in Benin...
Read More
Beer price rises amid economic challenges
VAM News Update Nigerian Breweries announces hike in price of beers amid economic challenges Nigerian Breweries (NB PLC) has announced a price increase on all their products effective August 10, 2023. In a letter...
Read More
0 Minutes
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 country. Speaking in a nationwide broadcast on Monday, Tinubu said 1,300 nano business owners...
Read More
1 Minute
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 foreign exchange (FX) market. The figure represents a depreciation of N6 or 0.7 percent...
Read More
1 Minute
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 Bank of Nigeria. According to figures obtained the CBN, the currency outside banks...
Read More
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 while neglecting youths from Nigeria and other African countries. The network, on Wednesday,...
Read More
2 Minutes
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 notes while issuing new currencies. This announcement was made by the acting governor...
Read More