Nigeria’s finance minister gets more influential with control over budget
Nigeria’s President Muhammadu Buhari has placed budget and economic planning under the finance ministry, a move that will increase the influence of Zainab Ahmed, finance minister in the newly-appointed cabinet as she moves to shore up a slow-growing Nigerian economy. Ahmed was sworn-in Wednesday, at an elaborate ceremony in Abuja, ...
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Nigerian Stocks
WORLD BUSINESS & ECONOMY
Alibaba postpones up to $15 billion Hong Kong listing amid protests
14 hrs
59 views
China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing
‘Channel funds for energy subsidies to growth enhancing investments’- IMF tells global economies
August 19, 2019111 views
Finance
Trump heaps pressure on Fed and its chairman Powell to cut rates
15 hrs42 views
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower interest rates,
Markets
Stocks rally on earnings, trade before Fed minutes
15 hrs37 views
U.S. stocks rose on Wednesday as better-than-estimated earnings at retailers bolstered confidence in the world’s largest economy and
Companies & Business
Four Nigerian businessmen join Dubai chamber’s global business forum mentorship programme
By Samson Echenim Four Nigerian businessmen have joined business leaders from the UAE and Africa to mentor high-potential startups as
Maritine & Shipping Finance
NPA, port operators need to obey rules of engagement
The concession of Nigerian seaports to the private sector in 2006, howbeit now historic, cannot be said to have been without blemish.
Energy, POWER & RENEWABLES
TCN to split, eyes $5m digital power transmission control rooms
Usman Gur Mohammed, managing director, Transmission Company of Nigeria, TCN, has announced the decision to split the company and the
COMMODITIES & AGRICULTURE
Group calls for new business model in palm oil production in Africa
14 hrs96 views
Kenneth Afor Key players and stakeholders in the continent’s palm oil industry have resolved that in other to increase the production
Food forex cut policy great potential as agric holds key to economy, WOFAN director
August 15, 2019193 views
9% interest on palm oil loans unable to sustain local production- Stakeholders
August 13, 2019227 views
Media,Technology & Innovation
NCC records 271, 112 complaints in four years
The Nigerian Communications Commission (NCC) said it recorded 271,112 complaints from January 2015 till July 2019 from which 95
Manufacturing & Industry
PMI expands in July amidst weakening manufacturers’ confidence
August 2, 2019237 views
Although the Central Bank of Nigeria (CBN) reported an expansion in the country’s manufacturing purchasing managers index (PMI)
Nigeria Frontier Markets
Delta communities provide 33,000 ha of land for CBN oil palm initiative
20 hrs74 views
…as apex bank plans 1.2m ha by 2023 Some 28 communities in Delta State have donated 33,000 hectares of their land to welcome a Central
Governance, Policy & Politics
Sylva, Nigeria’s new petroleum minister, pledges to reposition industry
13 hrs83 views
Timipre Sylva, a Niger-Deltan from oil rich Bayelsa State, who was also a former governor of the state, appointed to the post of
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Press Release
Exchange Rates
| Date | Currency | Buy(₦) | Sell(₦) |
|---|---|---|---|
| 09/08/2019 | Dollar | 358 | 360 |
| 09/08/2019 | Euro | 392 | 396 |
| 09/08/2019 | Pound | 444 | 450 |
| 08/08/2019 | Dollar | 358 | 360 |
| 08/08/2019 | Euro | 392 | 396 |
| 08/08/2019 | Pound | 444 | 450 |
| 11/8/2018 | Dollar | 357 | 360 |
| 11/8/2018 | Euro | 403 | 406 |
| 11/8/2018 | Pound | 467 | 472 |
| 02/5/2018 | Dollar | 360 | 362 |
| 02/5/2018 | Euro | 440 | 443 |
| 02/5/2018 | Pound | 500 | 505 |
| 03/5/2018 | Dollar | 360 | 362 |
| 03/5/2018 | Euro | 440 | 443 |
| 03/5/2018 | Pound | 500 | 505 |
| 03/8/2018 | Dollar | 357 | 360 |
| 03/8/2018 | Euro | 412 | 418 |
| 03/8/2018 | Pound | 470 | 478 |
| 4/4/2018 | Dollar | 360 | 362 |
| 4/4/2018 | Euro | 442 | 444 |
| 4/4/2018 | Pound | 503 | 506 |
| 04/5/2018 | Dollar | 360 | 363 |
| 04/5/2018 | Euro | 436 | 442 |
| 04/5/2018 | Pound | 498 | 502 |
| 4/6/2018 | Dollar | 361 | 363 |
| 4/6/2018 | Euro | 418 | 420 |
| 4/6/2018 | Pound | 484 | 487 |
| 5/4/2018 | Dollar | 360 | 362 |
| 5/4/2018 | Euro | 442 | 443 |
| 5/4/2018 | Pound | 503 | 506 |
| 5/6/2018 | Dollar | 361 | 363 |
| 5/6/2018 | Euro | 418 | 420 |
| 5/6/2018 | Pound | 485 | 490 |
| 5/9/2018 | Dollar | 357 | 361 |
| 5/9/2018 | Euro | 410 | 416 |
| 5/9/2018 | Pound | 460 | 466 |
| 06/4/2018 | Dollar | 360 | 362 |
| 06/4/2018 | Euro | 438 | 445 |
| 06/4/2018 | Pound | 498 | 505 |
| 6/4/2018 | Dollar | 360 | 362 |
| 6/4/2018 | Euro | 442 | 443 |
| 6/4/2018 | Pound | 503 | 506 |
| 6/6/2018 | Dollar | 360 | 362 |
| 6/6/2018 | Euro | 417 | 420 |
| 6/6/2018 | Pound | 480 | 487 |
| 07/5/2018 | Dollar | 360 | 362 |
| 07/5/2018 | Euro | 430 | 437 |
| 07/5/2018 | Pound | 495 | 503 |
| 7/6/2018 | Dollar | 360 | 362 |
| 7/6/2018 | Euro | 415 | 422 |
| 7/6/2018 | Pound | 480 | 487 |
| 07/8/2018 | Dollar | 357 | 360 |
| 07/8/2018 | Euro | 409 | 414 |
| 07/8/2018 | Pound | 467 | 475 |
| 08/5/2018 | Dollar | 361 | 363 |
| 08/5/2018 | Euro | 432 | 435 |
| 08/5/2018 | Pound | 498 | 503 |
| 8/6/2018 | Dollar | 360 | 362 |
| 8/6/2018 | Euro | 415 | 421 |
| 8/6/2018 | Pound | 480 | 487 |
| 09/5/2018 | Dollar | 361 | 363 |
| 09/5/2018 | Euro | 430 | 435 |
| 09/5/2018 | Pound | 495 | 500 |
| 10/4/2018 | Dollar | 360 | 362 |
| 10/4/2018 | Euro | 438 | 445 |
| 10/4/2018 | Pound | 497 | 505 |
| 10/5/2018 | Dollar | 361 | 363 |
| 10/5/2018 | Euro | 427 | 430 |
| 10/5/2018 | Pound | 495 | 500 |
| 11/4/2018 | Dollar | 360 | 362 |
| 11/4/2018 | Euro | 442 | 444 |
| 11/4/2018 | Pound | 500 | 504 |
| 11/5/2018 | Dollar | 361 | 363 |
| 11/5/2018 | Euro | 425 | 430 |
| 11/5/2018 | Pound | 495 | 500 |
| 12/4/2018 | Dollar | 360 | 362 |
| 12/4/2018 | Euro | 440 | 443 |
| 12/4/2018 | Pound | 502 | 507 |
| 12/9/2018 | Dollar | 358 | 360 |
| 12/9/2018 | Euro | 410 | 415 |
| 12/9/2018 | Pound | 465 | 470 |
| 13/4/2018 | Dollar | 360 | 362 |
| 13/4/2018 | Euro | 440 | 443 |
| 13/4/2018 | Pound | 502 | 507 |
| 14/5/2018 | Dollar | 361 | 363 |
| 14/5/2018 | Euro | 427 | 430 |
| 14/5/2018 | Pound | 495 | 500 |
| 14/8/2018 | Dollar | 357 | 360 |
| 14/8/2018 | Euro | 408 | 416 |
| 14/8/2018 | Pound | 465 | 470 |
| 15/5/2018 | Dollar | 361 | 363 |
| 15/5/2018 | Euro | 425 | 430 |
| 15/5/2018 | Pound | 493 | 500 |
| 16/4/2018 | Dollar | 360 | 362 |
| 16/4/2018 | Euro | 442 | 444 |
| 16/4/2018 | Pound | 503 | 508 |
| 16/5/2018 | Dollar | 361 | 363 |
| 16/5/2018 | Euro | 425 | 430 |
| 16/5/2018 | Pound | 493 | 500 |
| 16/7/2018 | Dollar | 358 | 361 |
| 16/7/2018 | Euro | 414 | 418 |
| 16/7/2018 | Pound | 475 | 481 |
| 17/4/2018 | Dollar | 360 | 363 |
| 17/4/2018 | Euro | 442 | 445 |
| 17/4/2018 | Pound | 504 | 510 |
| 17/5/2018 | Dollar | 361 | 363 |
| 17/5/2018 | Euro | 425 | 430 |
| 17/5/2018 | Pound | 493 | 498 |
| 17/7/2018 | Dollar | 358 | 361 |
| 17/7/2018 | Euro | 414 | 418 |
| 17/7/2018 | Pound | 475 | 482 |
| 17/8/2018 | Dollar | 357 | 360 |
| 17/8/2018 | Euro | 405 | 412 |
| 17/8/2018 | Pound | 463 | 467 |
| 18/4/2018 | Dollar | 360 | 363 |
| 18/4/2018 | Euro | 440 | 444 |
| 18/4/2018 | Pound | 504 | 510 |
| 18/5/2018 | Dollar | 361 | 363 |
| 18/5/2018 | Euro | 425 | 428 |
| 18/5/2018 | Pound | 493 | 500 |
| 18/7/2018 | Dollar | 356 | 360 |
| 18/7/2018 | Euro | 414 | 418 |
| 18/7/2018 | Pound | 475 | 480 |
| 19/4/2018 | Dollar | 361 | 363 |
| 19/4/2018 | Euro | 441 | 444 |
| 19/4/2018 | Pound | 508 | 511 |
| 20/4/2018 | Dollar | 361 | 363 |
| 20/4/2018 | Euro | 440 | 443 |
| 20/4/2018 | Pound | 508 | 511 |
| 20/7/2018 | Dollar | 357 | 360 |
| 20/7/2018 | Euro | 415 | 420 |
| 20/7/2018 | Pound | 475 | 483 |
| 21/5/2018 | Dollar | 362 | 365 |
| 21/5/2018 | Euro | 425 | 430 |
| 21/5/2018 | Pound | 485 | 495 |
| 22/5/2018 | Dollar | 362 | 364 |
| 22/5/2018 | Euro | 423 | 430 |
| 22/5/2018 | Pound | 485 | 495 |
| 23/4/2018 | Dollar | 361 | 363 |
| 23/4/2018 | Euro | 440 | 444 |
| 23/4/2018 | Pound | 506 | 511 |
| 23/5/2018 | Dollar | 362 | 365 |
| 23/5/2018 | Euro | 425 | 430 |
| 23/5/2018 | Pound | 490 | 495 |
| 23/7/2018 | Dollar | 357 | 360 |
| 23/7/2018 | Euro | 415 | 420 |
| 23/7/2018 | Pound | 475 | 483 |
| 24/4/2018 | Dollar | 360 | 363 |
| 24/4/2018 | Euro | 440 | 444 |
| 24/4/2018 | Pound | 505 | 511 |
| 24/5/2018 | Dollar | 362 | 365 |
| 24/5/2018 | Euro | 425 | 430 |
| 24/5/2018 | Pound | 490 | 495 |
| 25/4/2018 | Dollar | 360 | 363 |
| 25/4/2018 | Euro | 442 | 444 |
| 25/4/2018 | Pound | 503 | 508 |
| 25/9/2018 | Dollar | 358 | 361 |
| 25/9/2018 | Euro | 415 | 420 |
| 25/9/2018 | Pound | 475 | 480 |
| 26/4/2018 | Dollar | 361 | 363 |
| 26/4/2018 | Euro | 439 | 443 |
| 26/4/2018 | Pound | 503 | 507 |
| 26/7/2018 | Dollar | 357 | 360 |
| 26/7/2018 | Euro | 413 | 418 |
| 26/7/2018 | Pound | 475 | 480 |
| 27/4/2018 | Dollar | 361 | 363 |
| 27/4/2018 | Euro | 440 | 444 |
| 27/4/2018 | Pound | 500 | 504 |
| 28/5/2018 | Dollar | 362 | 367 |
| 28/5/2018 | Euro | 425 | 430 |
| 28/5/2018 | Pound | 495 | 500 |
| 30/4/2018 | Dollar | 360 | 363 |
| 30/4/2018 | Euro | 440 | 443 |
| 30/4/2018 | Pound | 500 | 505 |
| 30/5/2018 | Dollar | 362 | 365 |
| 30/5/2018 | Euro | 423 | 428 |
| 30/5/2018 | Pound | 493 | 498 |
| 31/5/2018 | Dollar | 361 | 363 |
| 31/5/2018 | Euro | 423 | 426 |
| 31/5/2018 | Pound | 493 | 495 |
COMMODITIES
Interviews
‘Nigeria’s economic growth to remain wobbly with underdeveloped insurance sector’
August 19, 2019111 views
CBN’s 60% LDR is good but requires focal lending thrusts to grow economy – Nwoke
August 12, 2019206 views
Sylva, Nigeria’s new petroleum minister, pledges to reposition industry