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...
Naira Strengthens to N1,600 Against Dollar in Parallel Market
The Nigerian naira saw a modest boost on Monday, climbing to N1,600 per dollar in the parallel market, an improvement...
Nigeria’s DMO Rolls Out May 2025 Savings Bonds with Rates Up to 17.173%
The Debt Management Office (DMO) has announced the latest offering of the Federal Government of Nigeria’s (FGN) Savings Bonds, available...
CBN’s Naira Printing Costs Surge by 306% Amid Ongoing Cash Crisis
The Central Bank of Nigeria (CBN) spent a staggering N315.18 billion on currency management in 2024, marking a 306%...
Nigeria Faces Economic Strain as Oil Prices Slide Below $60
Nigeria is bracing for renewed financial challenges as global oil prices drop sharply, slipping beneath the $60 per barrel mark....
CBN Slaps Paystack with ₦250 Million Fine Over Zap Operations
Nigeria’s Central Bank has imposed a ₦250 million fine on leading fintech firm Paystack, citing regulatory breaches tied to its...
Nigeria Set to Clear IMF Loan by 2029 Amid Economic Reforms
Nigeria is on track to fully repay its $3.32 billion loan from the International Monetary Fund (IMF) by 2029, according...
Naira Falls to N1,602/$1 at Official Market Amid Forex Scarcity
The naira weakened further on Tuesday, April 29, 2025, closing at N1,602.02 per dollar at the official Nigerian Foreign Exchange...
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