Naira is Deeply undervalued- CBN Governor
In an exclusive interview with Arise Television, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, emphasized...
Fidelity Bank Faces Potential N1.19bn Loss to Litigation in 2023
Fidelity Bank anticipates a potential loss of over N1.19 billion due to claims and litigation for the year ending December...
Federal Government Raises Exchange Rate for Cargo Clearance to N1,356/$
The Federal Government, through the Central Bank of Nigeria (CBN), has increased the exchange rate for cargo clearance from N952/$...
Market Cheers CBN Reforms as Naira to N1300 Against Dollar
In a notable turn of events, the financial markets in Nigeria responded positively to recent reforms implemented by the Central...
Shell Plans $23 Billion Dividend for Shareholders in 2023
Shell Plc has announced a significant return to its shareholders, totaling $23 billion for the fiscal year 2023. The disclosure...
Rising Costs, Currency Devaluation, and Policy Changes Dampen Nigerian JAPA Dreams
Nigeria is currently experiencing one of its worst socioeconomic crises in decades, coupled with widespread insecurity. The rising food prices...
Revelation: Nigeria Lifts Forex Caps to Attract Billions from Residents Abroad
Nigeria's central bank has recently implemented a series of pivotal reforms aimed at unlocking the vast potential of remittances from...
Shell Exceeds Expectations with Full-Year Profit, Unveils $3.5 Billion Share Buyback
British oil giant Shell has reported a full-year 2023 adjusted profit of $28.25 billion, surpassing expectations and prompting a 4%...
CBN Directs Banks to Sell Excess Dollar Holdings Within 24 Hours
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings...
Abuja BDC Operators Suspend Operations Due to Dollar Scarcity
Bureau De Change operators in Abuja have decided to cease operations due to the unavailability of dollars, as reported by...
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