Interest Rates Expected to Rise as CBN Plans Record N1 Trillion Treasury Bill Auction
Recent indications point towards a potential increase in Nigeria's interest rates ahead of the upcoming treasury bills auction, signaling a...
Naira Weakens at Official Market as Banks Sell $584 Million
The official Nigeria Autonomous Foreign Exchange Market witnessed a surge in foreign exchange transactions, reaching a staggering $584 million, as...
NCC Urges States to Slash Telecom Taxes to Boost Industry Growth
In a bid to foster the growth of Nigeria's telecommunications industry, the Nigerian Communications Commission (NCC) has called on states...
British Oil Giant Shares Surge 5% as Oil Giant Unveils Shareholder Return Plan
Shares of BP rallied over 5% on Tuesday following the British oil giant's announcement to bolster shareholder returns through increased...
Naira Maintains Gains on CBN’s FX Policies as Naira stands at N1419/$
The Nigerian foreign exchange (FX) market remained stable on Monday, with the naira sustaining gains attributed to recent policy interventions...
Financial Expert Urges Government Action to Boost Naira Through Export Sector
In a bid to address the ongoing challenges facing the Nigerian economy, particularly the depreciation of the Naira, financial expert...
Investors Suffer N437 Billion Loss – Nigerian Exchange Reports
In a day marked by sell-offs in some stocks, equity investors on the Nigerian Exchange witnessed a substantial loss of...
CBN Governor Blames Limited Resources For FX Woes
In response to growing concerns about the nation's foreign exchange challenges, the Governor of the Central Bank of Nigeria (CBN),...
Banks Defy Economic Challenges: N703.3 Billion Profit Amidst Inflation and Forex Revaluation
Despite the economic downturn, leading Nigerian banks, including FBN Holdings Plc, Stanbic IBTC Holdings, and five others, have collectively reported...
Dollar Supply Soars by 180% Following CBN Interventions
In a resounding turn of events, the official foreign exchange market in Nigeria witnessed a remarkable surge in dollar supply,...
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