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Latest News

NEC Affirms CBN $3 Billion Loan for Naira Stability

Stronger Banks Critical to Achieving $1 Trillion Economy — CBN

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Dangote Cement, Seplat, and UBA Honored at Corporate Reporting Awards

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Nigerian Crude Trades $4 Above Brent Amid Global Oil Market Volatility

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Cuts Petrol Price to N835 per Litre Across Nigeria

Economy

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

Interpol Joins EFCC in Probe of N1.3 Trillion CryptoBank Exchange Fraud

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Federation Account Allocation Drops to N1.58 Trillion in March, Marking Third Consecutive Decline

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

CBEX Collapse: What You Need to Know

Understanding Inflation: How Rising Prices Impact Your Finances.

Nigeria’s Inflation Rebounds to 24.23% in March Amid Currency Woes and Policy Challenges

Market

Gold Prices Hit $2,000 Mark as Markets Assess Federal Reserve Rate Outlook

Gold Prices Soar to Record Highs Amid Economic Uncertainty

NGX Group revenue grows by 9.35% in the full year of 2022.

NGX Trading Activity Drops to ₦509bn Amid Foreign Investor Exit

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Equities Market Sees Sustained Rally, Investors Gain ₦607 Billion

December 30, 2024

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

UPL Leads Gainers with 10% Surge as All-Share Index Slightly Declines

December 6, 2024

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Nigeria’s External Debt Stock Hits $42,671.70 million: A Breakdown of Lateral and Bilateral Debts.

Nigeria’s External Debt Servicing Projected to Reach $5.2 Billion in 2025 – Fitch

by Stephen Akudike

Nigeria’s external debt service is expected to rise to $5.2 billion in 2025, marking a growing fiscal burden despite ongoing...

OPEC Predicts a Slower Oil Demand Growth for 2023

OPEC Lowers Oil Demand Forecast Amid Rising U.S. Tariff Pressures

by Akpan Edidong

The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand growth forecast for 2025, citing mounting...

IMF Lists Top 10 African Nations with Highest Debt Burdens

Nigerian Corporates Face Mounting Pressure as Interest Expenses Surge to N1.42 Trillion in 2024

by Victoria Attah

Nigerian blue-chip companies experienced a dramatic rise in interest costs in 2024, with ten major firms collectively spending over N1.42...

Naira appreciated to N738/$ in the Parallel Market

Naira Hovers at N1,600 as Dollar Index Slumps to Three-Year Low

by Stephen Akudike

The naira edged slightly higher at the official foreign exchange window on Monday, even as it hovered around the N1,600...

Dollar Crashes Against Naira on Binance Trading at N1,415/$ Amid CBN Directives to BDCs

Nigerian Court Accepts FIRS Evidence in Binance Tax Probe

by Rate Captain

The Federal High Court in Abuja has officially admitted key documents submitted by the Federal Inland Revenue Service (FIRS) into...

Popular posts

Politics

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, Governors Agree on Three-Month Delay for Local Government Autonomy

August 13, 2024

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Federal Government Allocates ₦570 Billion to States Amid National Protest

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Federal Government Denies Subsidy Payments Amid Rising Petrol Pump Prices

Access Bank, Zenith Bank among others Report Robust Profits Despite Economic Challenges

Senate Approves Finance Act Amendment, Raises Banks’ Windfall Levy to 70%

Wealth

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Nigeria’s Money Supply Surges 18% to N110.97 Trillion as Savings Increase

February 21, 2025

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Nigerian Equity Market Reverses Recent Gains, Records N63bn Loss

December 10, 2024

FG Raises N346.155 Billion in November Bond Auction Amid Increased Allotments

November 22, 2024

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Survey Reveals Decline in Business Confidence as Naira Depreciation Looms

November 13, 2024

Business

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Nigerian Stock Market Suffers ₦500 Billion Loss in Three Days

Airtel Africa Records $471 Million Foreign Exchange Loss Due to Currency Unification.

Airtel Nigeria Reports $344 Million Revenue Loss Amid Data Sales Decline

February 20, 2025

BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

Court Upholds FCCPC’s Authority in MTN Legal Battle

February 10, 2025

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Surge in Domestic Investors Drives Nigerian Equity Trading to N10.8 Trillion

January 28, 2025

Technology

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

Elon Musk claims to donate almost $2 billion to charity.

Elon Musk’s xAI Secures $6 Billion in Series B Funding, Valued at $24 Billion

Indeed: Demand Surges for Generative AI Skills Paying Over $150,000

Indeed: Demand Surges for Generative AI Skills Paying Over $150,000

Elon Musk Loses Billions as Tesla’s Market Cap Plummets by $30 Billion

Tesla Shares Decline by 29% in Q1 2024 As Deliveries Falls.

Currency

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

Nigeria’s Personal Remittances Rise to $20.93 Billion in 2024 – CBN

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

April Fool? CBN Denies Introduction of N5,000 and N10,000 Banknotes

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Faces Decline at Official Market, Hits ₦1,536/$

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

Naira Faces Unprecedented Volatility, BDC Operators Raise Alarm

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