Naira Devaluation: MTN, Nestle, Dangote Cement, Others Suffer N2.06trn FX Losses
Amid dwindling Naira value at the foreign exchange market, MTN Nigeria Communication Plc and six other Nigeria’s leading manufacturing companies...
Tariff increase will push available power generation to 7,000MW — Minister
Following a record peak electricity generation of 5,801.84 Megawatts achieved last week, the Minister of Power, Chief Adebayo Adelabu, has...
Net forex inflow rises 44% to $41.89 bn
The net foreign exchange i nflows through the economy rose by 44.8 percent year-on-year (YoY) to $41.89 billion in the...
Inflation drop: Experts demand lower interest rate
Financial and economic analysts expect the Monetary Policy Committee of the Central Bank of Nigeria to reduce the benchmark interest...
After Rebasing, NBS Puts Headline Inflation at 24.48% in January from 34.80% in December
•Food index drops to 26.08% from 39.84% •Core inflation is now 22.59% from 29.28% •The new CPI reflects current inflationary...
Naira’s best start in over a decade sparks hope, caution
The naira has kicked off the year with its strongest rally in 13 years, mirroring an early surge in 2024...
Nigerian tax laws not conducive for growth — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the current tax...
ATM withdrawal fee: CBN bets on breaking PoS monopoly, improving banks’ cash operations
To relieve banks of the burden of operating automated teller machines (ATMs) and handling cash, the Central Bank of Nigeria...
NGX extends bullish run as investors gain N883 billion
The Nigerian Exchange Limited (NGX) sustained its positive momentum at the start of February, with the NGX all-share index gaining...
Naira appreciates 0.78% against dollar
The naira further appreciated at the official market on Wednesday, trading at N1,510.72 to a dollar. Data from the FMDQ...
CBN projects 4.1% economic growth in 2025
The Central Bank of Nigeria, CBN yesterday projected that the economy will grow by 4.1 per cent growth in 2025, as well...
World Bank projects 3.6% economic growth for Nigeria
The World Bank yesterday projected 3.6 per cent average economic growth for the Nigerian economy between 2025 and 2026, adding...
Stock Market Drops by N152bn to Post First Loss in 2025
The domestic stock market yesterday posted its first loss in 2025 as the overall capitalization depreciated by N152 billion due...
Yuletide rally lifts capitalisation by N770 billion in one week
The upcoming yuletide period spurred transactions across sectors of the equities market last week, pushing market capitalisation up by N770...
Nigeria Earns N73tn from Oil Export in 21 Months Amid Surging Govt Borrowing
Nigeria’s total crude oil export revenues hit N73 trillion in the 21 months spanning January 2023 to September 2024, today’s...
OPS urges sustenance as naira gains N137/$
The naira appreciated by N137.69 against the United States dollar within a week, following the introduction of the Central Bank...
Capitalisation dips by N19 billion, amid losses in 29 stocks
The Nigerian equities market, yesterday, reversed previous gains, as market capitalisation shed N19 billion, amid price depreciation in Aradel Holdings...
Fuel imports hit 2.3bn litres despite local production
Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have...
Banks raise withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day, findings...
CBN bans FX negotiation outside foreign exchange market
The Central Bank of Nigeria (CBN) has banned the negotiation of exchange rates with customers outside of the foreign exchange...
Foreign transactions decline on NGX as naira weakens
Foreign investors are pulling out of the Nigerian Exchange as year-to-date foreign outflows surged to N400.04bn, surpassing foreign inflows of...
Naira plunge stalls FG, states’ capital projects, spikes cost by 75%
Nigeria’s “Renewed Hope” budget has faced a stark reality with soaring inflation and a plummeting naira igniting a construction crisis....
Remittances: CBN cautions public on use of fake SWIFT messages
Nigeria, CBN, has cautioned the banking public to desist from using fake Society for Worldwide Interbank Financial Telecommunications (SWIFT) messages...
Foreign inflow on NGX drops to N11bn – Report
Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This...
Access Bank (UK) to acquire Mauritius-based AfrAsia Bank
Access Holdings Plc has announced that its banking group’s subsidiary, The Access Bank UK Limited has entered into a binding...
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