The African Development Bank (AfDB) has pledged its support to Nigeria’s agricultural sector with a whopping $134 million investment aimed at enhancing food production.
The President of AfDB, Akinwumi Adesina, unveiled this commitment during his visit to the Centre for Dryland Agriculture (CDA)…
The naira appreciated marginally against the United States dollar to N1,609 on Wednesday at the official market from N1,615.94 recorded the previous day.
This indicates an increase of N6 or 0.37 per cent.
The slight improvement came on the heels of series of…
The Qatar authorities yesterday reversed their earlier stand on the hosting of a business and investment forum with a Nigerian delegation during the forthcoming visit of President Bola Tinubu to Doha.
President Tinubu is scheduled to be in Doha, the Qatari capital, on a two-day…
The Office of the National Security Adviser (NSA), Nuhu Ribadu; and the Central Bank of Nigeria (CBN) have joined forces to deal with forex speculators in the country and address challenges impacting the nation’s economic stability.
In a statement on Tuesday, a spokesperson for…
The Economic and Financial Crimes Commission (EFCC), has arrested six persons in Lagos over alleged involvement in currency racketeering and the sale of new naira notes for commercial purposes.
Its spokesperson, Dele Oyewale said this in a statement on Tuesday in Abuja.
According…
The Indigenous People of Biafra has banned protests against hunger in any South-East territory, adding that any Nigerian agent who dares to organise any protest in Biafraland will regret it.
The pro-Biafran group stated this in a press statement issued by its spokesman,…
The Federal Government has ruled out the importation of food as part of strategies to address the high costs of foodstuffs and the economic hardship troubling the country.
It has also set up a committee comprising the National Security Adviser, the Director-General of…
Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.
The cryptocurrency has enjoyed a strong run in recent months, fuelled by…
The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday.
This indicates a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last week Friday, according to FMDQ…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and exchange rate unification policies.
Oyedele spoke during a panel session at the Lagos Chamber…