Naira Falls Below ₦1,650/$ as FX Market Faces Persistent Challenges
The Nigerian naira has hit a multi-week low, failing to sustain its ₦1,650/$ support level in the official market. At...
Bargain Hunting Boosts Nigerian Stock Market Amid Mixed Trading Activity
The Nigerian Exchange Limited (NGX) concluded last week on a positive note, driven by strong bargain-hunting activity that helped offset...
Nigeria’s Inflation Climbs to 33.88% in October Amid Rising Food Prices
Nigeria's inflation rate increased for the second consecutive month in October, reaching 33.88% annually, up from 32.70% in September. The...
CBN Survey Reveals Decline in Business Confidence as Naira Depreciation Looms
Businesses across Nigeria are showing reduced confidence in the country's economic outlook, according to the latest Business Expectations Survey (BES)...
High Interest Rates Boost Foreign Portfolio Investment in Nigeria by 170%
Nigeria has seen a significant surge in Foreign Portfolio Investment (FPI) inflows in the first nine months of 2024, driven...
IPMAN and Dangote Refinery Forge Direct Supply Agreement for Petroleum Products
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has struck a significant deal with Dangote Refinery, allowing its members to...
Bitcoin Reaches New All-Time High of $81,000, Market Cap Surpasses $1.6 Trillion
In a historic rally, Bitcoin, the leading cryptocurrency, has achieved a new record, reaching $81,000 per coin and driving its...
Nigeria’s Fiscal Deficit Exceeds Projections, Reaches 7.6% of GDP
Nigeria’s fiscal deficit has soared to 7.6% of GDP as of August 2024, far surpassing the initially approved target of...
Naira Hits Record Low of N1,681 per Dollar as Exchange Rate Pressures Mount
The Nigerian naira reached an unprecedented low of N1,681 per U.S. dollar on the official Investor and Exporter (I&E) window...
Nigerians Pay Down N4.05 Trillion in Personal Loans Amid Rising Interest Rates
Nigerians reduced their personal loan debts significantly in the second quarter of 2024, repaying a total of N4.05 trillion and...
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