New to site?


Lost password? (X)

Already have an account?




The Central Bank of Nigeria (CBN) has assured Nigerians that the current recession they are facing would end before the end of the year, even as it blamed overdependence on importation for the problem. CBN governor, Mr. Godwin Emefiele, at the weekend while delivering a lecture entitled: “The Dilemma of Monetary Policy and Exchange Rate […]

By Osamu Tsukimori TOKYO, July 24 (Reuters) – Oil prices inched up but held near a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 12 cents at $48.18 a barrel […]

  • CBN

By Chijioke Nelson As the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) begins today, there are expectations that the policymakers will retain previous decisions to ensure deepening of effects. The fourth meeting of the year is coming on the backdrop of recent happenings in the global and domestic space in […]

By Kayode Tokede Lagos — The nation’s foreign reserves reached U.S.$30.5 billion last week as a result of increased global oil prices, checks by LEADERSHIP on the Central Bank of Nigeria’s website have revealed. Data from Organization of Petroleum Exporting Countries (OPEC) revealed that basket of 14 crudes stood at $47.48 per barrel last week […]

First Bank of Nigeria Limited in its drive to promote convenience and ease of business for customers has raised the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals raised to $300. Similarly, Fidelity Bank Plc said it has resumed international transactions on […]

ABUJA, July 23 (Reuters) – Nigeria released a photograph of President Muhammadu Buhari on Sunday, the first in almost three months after he left the country on May 7 for medical leave in Britain. In stark contrast to his first absence, when numerous photos of a notably skeletal leader were published, the presidency had released […]

Dollar to Naira Rate Black Market July 24 2017. Today’s Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. These are the prevalent rates for Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP […]

* OPEC July production to rise 145,000 bpd – Petro-Logistics * Saudi, UAE, Nigeria lead output rise – Petro-Logistics * UAE minister sees impact of output cuts in Q3/Q4 * OPEC, non-OPEC committee to discuss oil pact in Russia (Updates throughout) By Karolin Schaps LONDON, July 21 (Reuters) – Oil prices fell on Friday after […]

Reported comments from the MD of AMCON (Asset Management Company of Nigeria), Mr. Ahmed Kuru, over recent days suggest that the Federal Government backed institution is beyond repair. AMCON was established in the dark days of the financial crisis as a “bad bank”, where all banks could unload their bad debts (non-performing loans or NPLs […]

Nigeria’s refineries – the Port Harcourt Refining Company Limited Port Harcourt Refineries Corporation (PHRC); Kaduna Refining and Petrochemicals Company Ltd. (KRPC); and Warri Refining and Petrochemicals Company Ltd. (WRPC) realised N62 billion from refined products in May 2017. The Nigerian National Petroleum Corporation (NNPC), which made this known in its monthly report released on Tuesday, said that […]