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...
CBN’s Bold Move: See what would happen to your dollar
The Central Bank of Nigeria (CBN) has recently unleashed a transformative circular, titled "Harmonisation of Reporting Requirements on Foreign Currency...
India, a Leading Food Producer, Faces Severe Hunger Crisis with Millions Starving
Despite being one of the world's largest producers of essential agricultural commodities such as rice, wheat, milk, and sugarcane, India...
Breaking: CBN Implements Stringent Measures on Banks’ Foreign Currency Exposures
The Central Bank of Nigeria (CBN) has recently issued a crucial circular to all banks, outlining stringent measures to regulate...
IMF Identifies High Inflation as a Major Hardship for Nigerians
In a press briefing on the January 2024 World Economic Outlook (WEO) Update in Sandton, South Africa, the International Monetary...
Capital Market Operators Warn of Potential Decline in 2023 Dividends Amid Naira’s Free Fall
Capital Market Operators Warn of Potential Decline in 2023 Dividends Amid Naira's Free FallCapital market operators are cautioning that quoted...
Naira Hits All-Time Low Against Dollar as Experts Warn of Economic Fallout
The Nigerian naira witnessed a significant decline, reaching an unprecedented low of N1,482 against the United States dollar at...
Dangote Refinery Buys 2 Million Barrels of Crude From Trafigura
Dangote Refinery has reportedly entered into an agreement with Trafigura Group, a United States-based oil trader, to procure two million...
Pension Funds Surge by 22% to N18tn – NAICOM Report Reveals
The National Pension Commission (PenCom) has reported a substantial 22.43% increase in Nigeria's Contributory Pension Scheme, reaching a total of...
Naira Hits Record Low, Trading at N1348.63/$ on Official Market
The Nigerian Naira reached an unprecedented low of N1348.63 against the US Dollar on the official Nigerian Autonomous Foreign Exchange...
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