Fuel Prices Set to Rise as Brent Crude Nears $80 Per Barrel
The cost of refined petroleum products in Nigeria is expected to increase as the price of Brent crude, the global...
Naira Holds Steady in Black Market as U.S. Jobs Data Takes Center Stage
The Nigerian naira remained stable in the unofficial black market, trading at around ₦1,660/$ in the last trading session of...
Nigeria’s FX Reserves Increase by $591.78 Million Following Eurobond Auction
Nigeria’s foreign exchange (FX) reserves surged by $591.78 million in the month following the government’s $2.2 billion Eurobond auction on...
Nigeria Allocates $1.25 Billion in Forex for Fuel Imports in Nine Months
The Central Bank of Nigeria (CBN) revealed that $1.25 billion was allocated for fuel imports and related items between January...
Nigerian Stock Market Reverses Gains, Loses ₦152 Billion
The Nigerian stock market experienced its first loss of the year, with the market capitalization declining by ₦152 billion on...
Naira Depreciates to N1,665/$ in Parallel Market, Margins Widen
The Naira weakened further in the parallel market on Monday, trading at N1,665 per dollar, down from N1,660/$ recorded over...
CBN and SEC Approve GTCO’s N209 Billion Equity Capital Raise
Guaranty Trust Holding Company Plc (GTCO) has received approvals from the Central Bank of Nigeria (CBN) and the Securities and...
Forex Stability Sparks Optimism for Nigeria’s Telecom Sector in 2025
Stakeholders in Nigeria’s telecommunications industry are projecting increased investment in 2025, fueled by the relative stability observed in the foreign...
America Biggest Banks Take Legal Action Against Federal Reserve Over Stress Test Process
A coalition of major financial institutions and business organizations has filed a lawsuit against the Federal Reserve, challenging the annual...
IMTO Inflows Skyrocket by 63.7% in Nine Months Following CBN Reforms
The Central Bank of Nigeria’s (CBN) latest data has revealed a remarkable 63.7% surge in inflows from international money transfer...
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