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...
CBN Increases Interest Rate to 27.5% to Combat Inflation
The Central Bank of Nigeria (CBN) has raised the country’s Monetary Policy Rate (MPR) by 25 basis points, bringing it...
CBN Extends Deadline for BDC Recapitalization to June 2025
The Central Bank of Nigeria (CBN) has extended the deadline for Bureaux De Change (BDC) operators to meet new recapitalization...
Nigeria’s Economy Accelerates with 3.46% Growth in Q3 2024
In a strong performance for the Nigerian economy, the country’s Gross Domestic Product (GDP) expanded by 3.46% year-on-year in real...
CBN’s Monetary Policy Committee Poised for Possible Rate Hike Amid Rising Inflation
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is expected to uphold its inflation-fighting agenda during its final...
Equity Market Gains N77bn, Edging Closer to N60tn Capitalisation
The Nigerian equity market recorded significant progress last week, with a gain of ₦77 billion pushing the total market capitalisation...
Nigeria Saves $7.5 Billion Annually from Fuel Subsidy Removal, Presidency Reports
The Nigerian presidency has announced a remarkable annual savings of $7.5 billion following the removal of the longstanding fuel subsidy....
FG Raises N346.155 Billion in November Bond Auction Amid Increased Allotments
The Federal Government successfully secured over N346.155 billion during its November 2024 bond auction, marking a significant increase in allotments...
Naira Weakens Further Against British Pound Despite Reserves Surge
The Nigerian naira slid further against the British pound, opening Thursday at ₦2,180/£1 on the parallel market. This marks a...
Banks Raise Over N1.7 Trillion Through E-Offering in Recapitalization Effort, Says SEC
The Securities and Exchange Commission (SEC) has announced that Nigerian banks have successfully mobilized approximately N1.682 trillion through electronic offerings...
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