Naira Hovers at N1,600 as Dollar Index Slumps to Three-Year Low
The naira edged slightly higher at the official foreign exchange window on Monday, even as it hovered around the N1,600...
AfDB President Criticizes Unequal IMF SDR Allocation to Africa
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has expressed strong disapproval over the minimal share Africa...
Nigeria’s Personal Remittances Rise to $20.93 Billion in 2024 – CBN
The Central Bank of Nigeria (CBN) has announced that personal remittances into the country reached $20.93 billion in 2024, representing...
Trump Enforces 104% Tariff on Chinese Imports After Deadline Lapses
The trade rift between the United States and China deepened this week as President Donald Trump approved a sweeping 104%...
Investors Regain Confidence as NGX Market Adds ₦100bn in Value
After a turbulent start to the week, the Nigerian equities market witnessed a turnaround on Tuesday, with investors seeing a...
Naira Slides Despite $668 Million CBN Intervention in March
Despite significant efforts by the Central Bank of Nigeria (CBN) to defend the naira, the local currency weakened further in...
Investors Lose ₦370bn as Market Activity Dips on NGX Amid Short Trading Week
The Nigerian Exchange (NGX) ended the week on a bearish note, with investors recording a combined loss of ₦370 billion...
CBN Injects $197.71 Million into Forex Market to Strengthen Liquidity and Stabilize Naira
In a strategic effort to support Nigeria’s foreign exchange (FX) market, the Central Bank of Nigeria (CBN) has disbursed $197.71...
Sterling Bank Eliminates Transfer Fees, Calls for Industry-Wide Reform
In a bold shift toward customer-friendly banking, Sterling Bank has officially removed all charges on local online transfers, positioning itself...
Trump Imposes 14% Tariff on Nigerian Exports to the U.S.
In a major shift in U.S. trade policy, President Donald Trump has introduced a 14% tariff on Nigerian exports to...
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