CBN Extends FX Sale to BDCs Until May 30 to Boost Market Stability
The Central Bank of Nigeria (CBN) has extended the foreign exchange (FX) sale period for Bureau de Change (BDC) operators...
FCMB Group Lists 19.8 Billion Shares on NGX After Oversubscribed Public Offer
FCMB Group Plc has successfully listed 19.8 billion shares on the Nigerian Exchange Group (NGX) following an oversubscribed public offer...
Nigerian Banks Raise N1.7 Trillion in Recapitalization Drive, Boosting Market Confidence
Nigeria’s banking sector kicked off 2025 with strong market performance, as banks collectively raised N1.7 trillion in new equity capital...
Nigeria’s Business Confidence Rises as PMI Stands at 52.0 in January 2025
Nigeria’s private sector continues to show resilience and confidence despite a slight slowdown in growth, as the Stanbic IBTC Bank...
Naira Strengthens to Seven-Month High, Gains N63 Against the Dollar
Nigeria’s currency experienced a significant appreciation in January 2025, gaining N63.72 against the US dollar to close at N1,474.78/$ at...
Nigeria’s Trade Standing Amid Trump’s Tariff Policies
In a major shift in global trade policy, U.S. President Donald Trump has imposed steep tariffs on imports from Canada,...
Bento Co-founder Ebun Okubanjo Resigns, Company Faces Uncertain Future
Ebun Okubanjo, co-founder of payroll and HR solutions company Bento, has stepped down as CEO, signaling the end of the...
Nigeria’s E-Payment Transactions Reach Record High of N1.07 Quadrillion in 2024
Nigeria's digital payment landscape experienced an extraordinary surge in 2024, with total electronic transactions hitting an all-time high of N1.07...
DMO Raises N669.94 Billion in January 2025 FGN Bond Auction
The Debt Management Office (DMO) has successfully raised N669.94 billion in the January 2025 Federal Government of Nigeria (FGN) bond...
BDC Operators Predict Stronger Naira in 2025 Amid Forex Reforms
Bureau de Change (BDC) operators in Nigeria are optimistic about the Naira’s performance in 2025, citing ongoing foreign exchange (forex)...
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