EFCC Freezes 300 P-to-P Forex Accounts to Avert Further Naira Crash
The Economic and Financial Crimes Commission (EFCC) has taken decisive action to curb illicit peer-to-peer forex trading, freezing approximately 300...
Stations Maintain High Pump Prices Despite Dangote’s Diesel Price Cut
Despite the recent reduction in diesel price announced by Dangote Petroleum Refinery, oil marketers across Nigeria have maintained high pump...
Official Exchange Rate Hits Month-to-Date Low of N1300/$1, Depreciates by 17.4% in 5 Days
Nigeria's official exchange rate plummeted to a month-to-date low of N1300/$1 on Tuesday, April 23, 2024, as reported by data...
Dollar Strengthens Against Euro, Yen, and Yuan: Factors Behind the Surge
The global financial markets are witnessing an unexpected force in 2024: the resurgence of the US dollar. With the US...
FEC Approves Restructuring and Rationalization of Federal Government Agencies
In a significant move aimed at streamlining government operations and enhancing efficiency, the Federal Executive Council (FEC) has approved the...
London Stock Market Hits Record High Amid Global Economic Factors
London's FTSE 100 stocks index soared to record highs on Tuesday, reaching 8,076.52 points shortly after opening, surpassing the previous...
Nigeria Anticipates $2.25 Billion World Bank Loan Approval in June
Nigeria is on track to secure a $2.25 billion loan from the World Bank, with final approval expected in June...
Naira Plummets to N1,234/$ at Official Market as Speculators Resume Hoarding
The Nigerian naira experienced a significant depreciation against the United States dollar, reaching N1,234 at the official foreign exchange market...
Naira Experiences First Weekly Decline in 6 Weeks on Unofficial Market
In a deviation from its recent winning streak, the Nigerian naira witnessed its first weekly decline against the American dollar...
17 Insurance Firms’ Profit Surges by 238% to N98.33 Billion Despite Economic Challenges
In a remarkable demonstration of resilience amidst economic uncertainties, 17 insurance companies listed on the Nigerian Exchange Limited (NGX) collectively...
