Naira Strengthens to N1,670 as CBN’s New Forex Platform Boosts Supply
The Nigerian naira experienced a significant appreciation in the parallel market, closing at N1,670/$1 on Wednesday, December 4, 2024. This...
Forex Turnover in NAFEM Soars 61% to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a significant increase in dollar trade volume, with turnover rising by 61.9% year-on-year...
Digital Giants Contribute ₦2.55 Trillion in Taxes in Nigeria for H1 2024, Says NITDA
Foreign digital companies, including Google, Microsoft, and TikTok, have collectively contributed ₦2.55 trillion in taxes to Nigeria’s coffers during the...
CBN to Penalize Banks Over Cash Shortages from December
The Central Bank of Nigeria (CBN) has announced plans to penalize commercial banks that fail to provide cash to customers...
Nigeria Raises $2.2 Billion Through Eurobond Auction to Address Budget Deficit
In a significant financial development, Nigeria successfully raised $2.2 billion through its latest Eurobond auction. The funds, secured through the...
Tinubu Reaffirms Commitment to Stabilizing ECOWAS and Africa’s Security
President Bola Ahmed Tinubu has reiterated his commitment to stabilizing the Economic Community of West African States (ECOWAS) and fostering...
Nigerian Stock Market Ends November in Decline, Breaking Five-Year Streak
For the first time since 2018, Nigeria’s All-Share Index (ASI) recorded a decline in November, closing the month in the...
Daily Forex Turnover on FMDQ Hits $294 Million, Highest in 2024
The daily average forex turnover on the FMDQ platform surged to $294 million in November, marking the highest figure recorded...
Auditor-General Uncovers N14bn Tax Fraud Across Over 30 Government Agencies
A recent report by the Auditor-General of the Federation has exposed tax irregularities totaling N14.33 billion within more than 30...
Naira Depreciation Spurs 155.5% Growth in Foreign Portfolio Investments
Foreign Portfolio Investments (FPIs) on the Nigerian Exchange Limited (NGX) have surged significantly, reaching a record high of ₦744.34 billion...
Popular Story
UAC Nigeria Lists N54.03 Billion Bond on NGX in Fixed Income Push
CBN Warns Public of Fraudulent Links Targeting Bank Accounts.
NNPC Crude Deliveries to Dangote Refinery Exceed 1 Million Tonnes in April
Chelsea sale on hold as Abramovich faces heavy sanctions by UK
Naira Opens New Trading Week with Slight Depreciation in Official Market
