Naira Continues Downward Slide, Hits N1,570/$1 in Parallel Market
The Nigerian naira extended its decline midweek, weakening further against the US dollar in both the parallel and official foreign...
FG Assumes Full Ownership of Keystone Bank After Court Ruling
The Federal Government of Nigeria has officially taken full control of Keystone Bank, following a ruling by the Lagos State...
FG Suspends Implementation of 4% FOB Charge on Imports
The Nigeria Customs Service (NCS) has announced the suspension of the planned 4% Free-on-Board (FOB) charge on imports, as stipulated...
Zenith Bank Lists 9.67 Billion Shares as Equity Market Gains N477 Billion
Zenith Bank Plc has successfully listed an additional 9.67 billion ordinary shares on the Nigerian Exchange Limited (NGX), following the...
Stock Market Surges as Investor Confidence Strengthens Amid Portfolio Rebalancing
The Nigerian stock market maintained its bullish momentum last week as increased investor confidence, driven by portfolio rebalancing and corporate...
CBN Postpones February MPC Meeting Amid Delay in Release of Rebased CPI Report
The Central Bank of Nigeria (CBN) has announced the postponement of its first Monetary Policy Committee (MPC) meeting for 2025,...
Nigeria’s GDP Per Capita Declines to $835, IMF Reports
Nigeria’s Gross Domestic Product (GDP) per capita has declined to $835.49 in 2025, reflecting a 4.74% drop from the $877.07...
CBN Implements New Forex Rules: BDCs Limited to $25,000 Weekly Purchases
In a move aimed at regulating the retail foreign exchange market and enhancing transparency, the Central Bank of Nigeria (CBN)...
CBN Implements New FX Guidelines for BDCs to Enhance Market Stability
The Central Bank of Nigeria (CBN) has introduced new regulations allowing Bureau de Change (BDC) operators to purchase up to...
CBN Extends FX Sales to BDC Operators Until May 30 to Support Market Stability
The Central Bank of Nigeria (CBN) has announced an extension of the foreign exchange (FX) sale period for Bureau de...
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