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Chinedu Eze Airlines that operate international destinations from Nigeria made over N302 billion ($15 billion) from ticket sales in 2015. The airlines included European mega carriers, US carriers, African and indigenous operators. Among the major carriers emirates earned the highest money of N50 billion, followed by British Airways with ticket sales of N48 billion during […]

ABUJA, April 28 (Reuters) – Nearly two-thirds of Nigeria’s 36 states are struggling to pay civil servants’ salaries despite receiving a government bailout, President Muhammadu Buhari’s spokesman quoted him as saying on Thursday. Nigeria, Africa’s top oil exporter and biggest economy, has been hit hard by the fall in crude prices. Oil sales account for […]

  • CBN

By Obinna Chima The Central Bank of Nigeria’s (CBN) Consolidated and Separate Financial Statements for the year ended 2015 released on Wednesday showed that its net income for the year was N108.530 billion, while its Group net income was N123.074 billion. The results stated that in line with the provision of the Fiscal Responsibility Act, […]

When Rukky Kofi finally landed herself an online job that would see her earning $1000 monthly, she must have been elated. But nothing prepared her for equal levels of disappointment when the time came to setup her work info. I found out that the company makes payments only via PayPal and at the moment, Nigerians […]

ABUJA, April 27 (Reuters) – Nigeria’s government has made preventing attacks by armed herdsmen a security priority in Africa’s most populous country, a spokesman for the president said on Wednesday in the wake of an attack that may have left up to 50 people dead. The government led by President Muhammadu Buhari, a former military […]

  • dollar to naira

The News Agency of Nigeria (NAN) reports that the naira lost 50 kobo on Wednesday afternoon, from N320 it traded on Monday. However, the naira traded against the Pound Sterling and the Euro at N457 and N361 respectively, weakening further against the Pound. Meanwhile, the Nigerian currency maintained N197 to the dollar at the official […]

NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 28/4/2016 318/321 359/363 449/454 27/4/2016 319/322 359/363 448/453 26/4/2016 319/322 358/363 448/453 25/4/2016 319/322 358/363 448/453 22/4/2016 318/321 359/363 449/453  

ABUJA, April 27 (Reuters) – The World Bank’s managing director and Nigeria’s president on Wednesday discussed how the multilateral lender could help Nigeria overcome its economic crisis and repatriate more than $300 million stolen by a former military ruler. On her second day of meetings with Nigerian officials, World Bank Managing Director and Chief Operating […]

By Felix Onuah ABUJA, April 27 (Reuters) – The World Bank held talks with the Nigerian president on Wednesday on how it could help Nigeria overcome an economic crisis caused mainly by a sharp fall in crude prices eating into its oil revenues. On her second day of meetings with Nigerian officials, World Bank Managing […]

From Isaac Anumihe, Abuja MANAGING Director of World Bank, Mrs. Sri Mulyani-Indrawati, arrived Abuja at about 2pm yesterday on a three-day working visit to convince Nigerian authorities on the need to devalue the naira. This is coming few days after the Spring Meetings of the International Monetary Fund (IMF) and the World Bank ended in […]