Browsing Category
Business
Read Business Newspaper Online Today on OduNews.com
Learn more about business news today on this page
Also, view all the latest business news updates in Nigeria today
Read World Business News on this page
Learn more about Latest Business News In Nigeria Today on this page
CBN Restates Ban On Access To Forex For Importation Of Rice, Meat, Others
The Central Bank of Nigeria says access to forex is still banned for the importation of some goods.
Read More...
Read More...
Inflation Rate Pushes Stock Market Down By 1.32%
The Nigerian Exchange Limited halted the gains recorded in recent weeks following the release of the inflation figure for May on Thursday.
Read More...
Read More...
FG Grants Three Oil Marketers License To Import Petrol
The Federal Government has granted three oil marketers the license to import petrol, OduNews reports.
Read More...
Read More...
Nigeria’s Inflation Rate Increases To 22.4% In May
The National Bureau of Statistics says Nigeria's inflation rate increased to 22.4% in May from the 22.22 per cent recorded in April.
Read More...
Read More...
Investors React Positively To Floating Of Naira As Market Gains N992bn
Investors at the Nigerian Exchange Limited reacted positively to the floating of the naira on Wednesday as the market gained N992 billion.
Read More...
Read More...
Binance CEO Confirms Non-Sale of Bitcoin and Binance Coin Amid SEC Lawsuit
Changpeng Zhao, the CEO of cryptocurrency exchange Binance, stated in a tweet on Tuesday that the company has not sold any bitcoin or Binance Coin (BNB). This declaration comes after…
Read More...
Read More...
THROWBACK: Floating The Naira Will Lead To Disaster – Godwin Emefiele
Following the floating of the naira by the Central Bank of Nigeria on Wednesday, the official rate of the currency fell to N755.
Read More...
Read More...
BREAKING: Dollar Officially Trades For N755/$ As CBN Orders Banks To Trade Freely
The naira traded for N755 per dollar at the Investors' & Exporters' Window of the foreign exchange market.
Read More...
Read More...
Governor Zulum Approves Allocation of 312 Tractors to Farmers in Borno State
Governor Babagana Umara Zulum of Borno State has given his approval for the distribution of 312 tractors to farmers' cooperatives across the state. Each of the 312 wards in Borno's 27…
Read More...
Read More...
Nigerian Stock Market Hits 15-Year High Amidst Central Bank Governor Suspension
The Nigerian stock market witnessed a significant surge on Tuesday, reaching its highest level since July 2008, following the suspension of Central Bank Governor Godwin Emefiele.…
Read More...
Read More...
JPMorgan Chase Reaches Tentative Settlement with Jeffrey Epstein’s Sexual Abuse Victims
JPMorgan Chase has reached a tentative settlement with the victims of Jeffrey Epstein, the late financier accused of sexual abuse, following weeks of revelations about the bank's…
Read More...
Read More...
Folashodun Adebisi Shonubi Appointed Acting CBN Governor as Emefiele Suspended
In a swift response to the suspension of Godwin Emefiele as the Central Bank Governor, President Bola Ahmed Tinubu has appointed Mr. Folashodun Adebisi Shonubi as the acting Governor of…
Read More...
Read More...
Gbadebo Rhodes-Vivour Criticizes Proposed Property Rights Law In Lagos
Gbadebo Rhodes Vivour, the Labour Party candidate for the Lagos State governorship in the upcoming 2023 election, has condemned the recent comments made by Rt. Hon Mudasiru Obasa, the…
Read More...
Read More...
Aircraft Used For Nigeria Air Was Chartered Flight From Ethiopian Airlines — MD
The Interim Managing Director of Nigeria Air, Capt Dapo Olumide, appeared before the Senate Committee on Aviation on Tuesday to address concerns regarding the unveiling of the country's…
Read More...
Read More...
Nigeria’s Q1 Imports Decline by 25.83%, Reaching N5.56 Trillion
Nigeria experienced a significant decline of 25.83% in total imports during the first quarter (Q1) of 2023, dropping from N7.5 trillion in Q1 2022 to N5.56 trillion, according to the…
Read More...
Read More...
OPEC+ Agrees on Production Cuts to Stabilize Crude Oil Prices
Vienna, Austria - The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have reached an agreement to implement a general production cut…
Read More...
Read More...
Shipping Workers Commence Indefinite Strike over Poor Wages and Working Conditions
Lagos, Nigeria - Following the directive of the Maritime Workers Union of Nigeria (MWUN), employees of shipping companies in all port formations have commenced an indefinite strike. The…
Read More...
Read More...
SERAP Calls on Tinubu to Probe Alleged Missing $2.1bn and N3.1tn Subsidy Payments
Lagos, Nigeria - Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to initiate a thorough investigation into the alleged disappearance and…
Read More...
Read More...
NGX Market Cap Grrows By N21bn
The market capitalisation of the Nigerian Exchange Limited increased by N21 billion by the close of trading activities on Thursday.
Read More...
Read More...
CBN Debunks Naira Devaluation Reports
The Central Bank of Nigeria has debunked reports that it devalued the naira.
Read More...
Read More...