Nigeria’s Banking Sector Attracts $7 Billion in Foreign Capital in 2024, a Five-Year High
Nigeria’s banking sector recorded an unprecedented $7 billion in foreign capital inflows in 2024, the highest annual figure since 2019,...
CBN Plans Legal Action Against Forex Violators After Audit Uncovers Irregularities
The Central Bank of Nigeria (CBN) has signaled its intent to impose civil, administrative, or criminal penalties on parties found...
Diaspora Investor Urges FG to Address Security, Infrastructure to Boost Investment
A Canada-based Nigerian entrepreneur, Oluwafemi Ayeyemi, has appealed to the Federal Government to prioritize tackling insecurity and infrastructural deficits to...
Nigerian Equity Market Surges with N1.78 Trillion Gain as Sentiment Soars
The Nigerian Exchange (NGX) kicked off the week with a robust performance, posting a N1.78 trillion gain in market capitalization...
Nigerian Firms Rebound Strongly in 2025 After Naira Devaluation Losses
Nigeria’s 2023 naira float triggered a steep currency devaluation, plummeting from N460/$1 in June 2023 to N1,535/$1 by December 2024,...
NGX Surges in July 2025, Gains N12.62 Trillion in Market Capitalization
The Nigerian Exchange (NGX) ended July 2025 on a high, achieving a remarkable N12.62 trillion increase in market capitalization, driven...
Naira Drops to N1,565/$1 as U.S. Dollar Gains Strength in July 2025
The Nigerian naira weakened to N1,565/$1 in the parallel market on July 31, 2025, reflecting heightened volatility amid rising demand...
CBN Holds Policy Rates Steady Amid Global Economic Challenges
The Central Bank of Nigeria (CBN) maintained its key monetary policy instruments at the July 2025 Monetary Policy Committee (MPC)...
Court Rejects NIA’s Bid to Halt Reps’ N98.4 Billion Insurance Probe
The Federal High Court in Abuja on Wednesday declined a request by the Nigerian Insurers Association (NIA) and 17 insurance...
Naira Strengthens to N1,535/$ as Forex Reforms and Dollar Supply Boost Stability
The naira has shown significant strength, appreciating to N1,535 per dollar in the parallel market on July 29, 2025, from...
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