U.S. Stocks Dip, Crude Oil Surges Ahead of Crucial Inflation Data

The National Pension Commission (PenCom) has reported a significant milestone in Nigeria's pension industry, with pension fund assets reaching a...

Sugar Price Hits N835,400 per ton.

Nigeria is witnessing a dramatic surge in sugar prices as a confluence of factors, including increased demand, unfavorable weather conditions,...

CBN Collaborating with Banks to Resolve FX Backlog in Two Weeks.

The Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi, has announced that the CBN is working...

Nigerian Airlines Grapple with Forex Scarcity Leading to Grounded Aircraft

Nigerian aviation industry is facing a significant crisis as over 40 aircraft from domestic airlines are currently grounded, both abroad...

Forex Crunch Forces Banks to Halt PTA and BTA Services

In the wake of unprecedented foreign exchange challenges, several banks in Nigeria have ceased providing forex services to their customers,...

China to Cut Rates on Existing Mortgages – China’s Bank of Communications

China's Bank of Communications Co Ltd (BoCom) is reportedly planning an internal meeting to discuss potential changes to the rates...

Nigeria’s Foreign Inflows Dip to N9.45 Billion in July, Prompting Concerns.

Foreign investment in Nigerian stocks has reached its lowest point since President Bola Tinubu's transformative reforms that ignited a significant...

CBN Repays 5.10 Billion Yuan to China as Nigeria-China Currency Swap Renewal Nears.

The Central Bank of Nigeria (CBN) has made a repayment of 5.10 billion Chinese yuan (CNY) out of the 6...

Nigeria’s Foreign Reserves Slip by $915 Million Amid Forex Market Liberalization.