Ibe Kachikwu Reveals The Only Thing That Will Make Him Resign

Ibe Kachikwu who was made the Minister of State for Petroleum after President Buhari won the election has vowed that his administration will produce enough fuel for the country come 2019 and if he fails to achieve it, then he will resign. The Oil minister made this known while speaking as a guest on BBC Hard Talk in London on Monday. When asked to More...

by Staff Writer | Published 1 month ago
By Tony Dike On Wednesday, May 10th, 2017
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See the Value of the Naira Today at the Black Market

The constant intervention of the Central Bank of Nigeria in the financial market has continued to aid the resurgence of the Naira in the parallel market.   These are currency exchange rates for today, May 10, More...

By Tony Dike On Tuesday, May 9th, 2017
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Wow!! See latest figure of Naira against dollar.

On Monday, the Naira on appreciated against the dollar at the parallel market.   The Nigerian currency gained three points to exchange at N388 to the dollar, stronger than N391 it traded on Friday, while the More...

By Tony Dike On Monday, May 8th, 2017
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See the Latest Naira Exchange Rate Against the Dollar, Pounds And Euro

The Nigerian naira has recorded a slight loss against major currencies as trading resumed this week.   The naira has continued to depreciate against the dollar as it exchanged N391 to a dollar at the parallel.   While More...

By Tony Dike On Monday, May 8th, 2017
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Naira to further appreciate as CBN injects more dollars into Forex market

The Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market, thereby heightening expectations that the Naira will appreciate significantly during the week. The More...

By Tony Dike On Friday, May 5th, 2017
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See the Value of the Naira Today at the Black Market

The greenback has remained stagnant in value as against the U.S dollar just as the Central Bank of Nigeria maintains a steady supply of forex in the local economy.   These are the currency exchange rates for More...

By Tony Dike On Friday, May 5th, 2017
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CBN insists 40 items remain banned from forex – [FULL LIST]

Central Bank of Nigeria (CBN) has explained that the ban it placed on 41 items that are not eligible for foreign exchange is still in place as the policy has not been reversed.   A statement issued on Thursday More...

By Tony Dike On Friday, May 5th, 2017
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Naira Appreciates in the Black Market…See Current Value

On Thursday, the Naira appreciated to N389 per dollar in the parallel market following dollar sales to bureaux de change (BDCs) by the Central Bank of Nigeria (CBN).   The apex on Wednesday sold $20,000 to More...

By Tony Dike On Friday, May 5th, 2017
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Must See!! CBN bans 17 banks from forex market.

In response to persistent complaints that some Deposit Money Banks have deliberately frustrated efforts by many Small and Medium Enterprises to access forex from the new window created by the Central Bank of Nigeria, More...

By Tony Dike On Thursday, May 4th, 2017
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Publish forex allocations to banks – Experts dare CBN

Some financial experts have commended the CBN for suspending some banks from the foreign exchange market due to some infractions. They advised the apex bank to henceforth publish foreign exchange allocations to More...