Naira Gains Slightly at Official Market, but Exchange Rate Gap with Parallel Market Widens
The Nigerian naira showed modest improvement in the official foreign exchange market on Friday, closing at ₦1,599.01 to the U.S....
Nigeria’s Inflation Rate Declines to 23.71% in April 2025
Nigeria’s inflation rate eased slightly in April 2025, with the National Bureau of Statistics (NBS) reporting a year-on-year rate of...
Naira Faces Pressure as Dollar Strengthens Despite Nigeria’s Oil Output Gains
The Nigerian naira remained under pressure in the parallel market, trading around N1,620.25/$ as demand for the U.S. dollar continued...
Nigerian Stock Market Slips as Investors Lose N297 Billion
The Nigerian Exchange (NGX) started the trading week on a bearish note, as the market experienced a loss of N297...
World Bank Forecasts 22.1% Inflation for Nigeria in 2025 Amid Economic Reforms
The World Bank has projected that Nigeria’s inflation rate will average 22.1% in 2025, as recent monetary policy measures begin...
CBN Ups Treasury Bills Auction Offer to N550bn Amid Slower Investor Demand
The Central Bank of Nigeria (CBN) has increased its offering at the latest Treasury Bills (T-bills) auction, raising the total...
Access, Zenith, Six Other Banks Boost Investment Securities to ₦41.7tn in Q1 2025
Eight leading Nigerian banks expanded their investment securities portfolios to a combined ₦41.78 trillion in the first quarter of 2025,...
Naira Slides to N1,612/$1 at Official Market Amid Lingering Forex Supply Challenges
The Nigerian naira continued its downward trend on Wednesday, May 7, 2025, closing at N1,612 to the U.S. dollar in...
Nigerian Stock Market Rallies as Investors Pocket N1.045 Trillion Gain
Investors at the Nigerian Exchange Ltd (NGX) enjoyed substantial profits on Tuesday as the market extended its bullish run, adding...
Nigerian Stock Market Soars as ASI Nears 109,000 Milestone
Nigeria’s stock market witnessed a strong rally on Tuesday, with the All-Share Index (ASI) climbing 1.56% to close at...
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