Nigeria Stocks Surge by 2.04% on Second Trading Day of 2024
Nigerian stocks surged for the second consecutive day, with the all-share index reaching unprecedented heights. According to data from the...
NGX Witnesses Bullish Start of 2024 with All-Share Index Crossing 75,000 Mark
The Nigerian Stock Exchange (NGX) kicked off the year on an exceptionally bullish note, with the All-Share Index soaring past...
CBN Releases Strict Guidelines for Cryptocurrency Operations For Banks
In a decisive move addressing the evolving landscape of digital currencies, the Central Bank of Nigeria (CBN) has issued a...
CBN Orders Banks to Initiate Loan Recovery for COVID-19 Support
Nigerian banks have embarked on the process of reclaiming loans disbursed to individuals and businesses as part of the COVID-19...
Naira Depreciates by 8.97% Despite Afreximbank’s $2.25 Billion Injection
In a tumultuous start to the New Year, the Nigerian naira experienced a sharp decline, tumbling by 8.97% against the...
Nigeria FX Saga- Navigating Naira Valuation Paradox
Source: RateCaptain The considerable depreciation of the Nigerian naira is intricately tied to a series of global economic shocks, most...
CBN recovers N264.04 billion from borrowers in H1, 2023
The Central Bank of Nigeria (CBN) has disclosed that it successfully recovered N264.04 billion from borrowers participating in its development...
FCCPC Fines British American Tobacco $110 Million for Anti-Competitive Conduct
In a recent revelation by Babatunde Irukera, the Executive Vice Chairman and CEO of the Federal Competition and Consumer Protection...
Naira Strengthens to N873/$ Following Public Holidays
After a two-day public holiday hiatus, the Nigerian Naira showcased signs of strength against the US Dollar, closing at N872.59/$1...
Nigerian Companies Enter Q4 with Record N2.3 Trillion Cash Reserve
As the final quarter of 2023 unfolds, Nigerian companies are showcasing unprecedented financial resilience, boasting a collective cash reserve of...
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