Business

The exchange rate between the naira and the dollar January 22, 2021, depreciated closing at N394.17/$1 at the NAFEX (I&E Window) where forex is traded officially. Forex turnover, however, dropped by about 42.2% as pressure on the foreign exchange market continues. The Central Bank of Nigeria (CBN) in a new circular, …

African leaders have been enjoined to promote and support policies that would strategically support the Micro, Small and Medium-sized Enterprises (MSMEs) and speed up the recovery process in most African nations. This was stated in the Foresight Africa 2021 report, a publication of African Growth Initiatives of the Brookings Institution, …

The Police have arrested a lady who allegedly killed the father of her children in Ugbuwangwe area of Warri South local government area, Delta State. A Lady hit  her father of her children to death with a high-heeled shoe in Warri, Delta State this happened on Saturday, in Warri, Warri …

ExxonMobil has lifted a force majeure on Nigeria’s Qua Iboe crude oil export terminal, as crude exports resume for the first time in almost six weeks after a fire at the terminal halted operations. This is according to a company spokesman yesterday, who confirmed the company had lifted force majeure …

The Central Bank of Nigeria (CBN) has in a circular to all Deposit Money Banks (DMBs), accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), stated that the revised cheque book will become fully operational from April 1, 2021. The apex bank has directed all DMBs to enlighten their …

A woman, who was identified as Alhaja Morenikeji Salami, has been shot by some suspected Fulani herdsmen. She was waylaid while driving to her new work-site, around Idofe, Oru-Awa area of Ijebu North Local Government area of Ogun. https://dailypost.ng/wp-content/uploads/2021/01/VID-20210123-WA0016-1.mp4?_=1 Reports have it, that Salami had her thumb cut off by …

Two women have been arrested with fake passports at the Murtala Muhammed International Airport, Lagos. The suspects who were about to board a Cairo, Egypt-bound flight were detected by operatives when the Migration Information and Data Analysis System (MIDAS) did not clear their passports. A statement by the spokesman of Immigration …

The Federal Government has announced that Nigeria’s Excess Crude Account (ECA) balance as at 20th January 2021 is $72,411,197.80. The Minister of Finance, Budget and National Planning, Zainab Ahmed said this at the first National Economic Council meeting of the year presided over by Vice President Yemi Osinbajo, SAN, with …

Reaction runs high as, as Fifteen people were killed, 11 others were kidnapped in Zamfara State when a security meeting between Governor Bello Matawalle, traditional rulers, security agents and religious leaders was being held at the Government House on Thursday. Addressing the participants, Matawalle said he received phone calls that …

The Presidential Initiative on Continuous Audit, (PICA) of the Federal Ministry of Finance, in conjunction with the Ministry of Aviation, in Kano, has commenced the verification of ex-workers of Nigeria Airways Limited (in Liquidation). According to a statement by the Director of Press and Public Relations, Mr Hassan Dodo in …