Germany’s Economy Contracts by 0.3% in 2023 Amid Budgetary Crisis
Germany, home to Europe's largest economy, faced economic headwinds in 2023 as it contracted by 0.3% year-on-year, according to the...
Naira Hovers Around N1300/$ in Unofficial Market as U.S. Dollar Gains.
Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S....
Dangote Refinery Approves Seven Major Marketers for Product Distribution
Seven major oil marketers have received approval for the distribution of refined petroleum products from the prestigious Dangote Petroleum Refinery....
Afreximbank and UBA Disburse $2.25bn of $3.3bn Oil-for-Cash Loan to NNPC
In a collaborative effort, the African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25...
Nigerian Eurobond Yields Rise as Foreign Investors Shy Away from Debt
Foreign investors are displaying a lack of interest in Nigerian debt, with yields on Eurobonds rising amid a surge in...
EU Implement Comprehensive Customs Pre-Arrival System for Cargoes Across All Modes of Transport
In a bid to bolster safety and security measures for incoming cargo, the European Union (EU) has unveiled plans to...
CBN Discloses Reasons for Dismissing Boards of Union, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has taken a decisive step by dissolving the boards of Union Bank of Nigeria,...
Nigeria’s External Reserves Decline by 10.86% Year-on-Year, Stand at $33 Billion
The Central Bank of Nigeria (CBN) has released data on the country's external reserves, revealing a significant year-on-year decline of...
NGX Records N638 Billion Loss First Market Depreciation of the Year
The bullish trend in the Nigerian Exchange Limited (NGX) witnessed in the New Year came to a halt as the...
Top Story: CBN Dismisses Boards of Union, Titan, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has announced the immediate removal of the entire Board of Directors of Polaris, Titan,...
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