Dollar Turnover in Nigerian FX Market Jumps by 63% Amid Naira’s Depreciation
Dollar trading volume surged by 63% in the Nigerian Foreign Exchange Market (NAFEM) during October, with turnover reaching $5.4 billion...
Nigerian Stock Market Downtrend Continues as Investors Lose N318bn
The Nigerian stock market's losing streak has now extended into a sixth day, with investors seeing losses of around N318...
MTN Nigeria to Launch N50bn Commercial Paper to Support Operations
MTN Nigeria Communications Plc has announced plans to raise up to N50 billion through Series 11 and 12 commercial paper...
Naira Depreciation Drives 32.6% Rise in Manufacturing Investment
The devaluation of the naira under President Bola Tinubu’s administration in 2023 has led to both gains and setbacks in...
Nigerian Stock Market Sees Bearish Trend as Investors Lose N1.3 Trillion in a Week
The Nigerian stock market closed last week with a bearish trend, as investor sentiment continued to weaken. The Nigerian Exchange...
World Bank Projects Oil Price Decline to $73/Barrel by 2025 Amid Global Oversupply
The World Bank has forecasted a significant decline in global oil prices, projecting that Brent crude could drop to $73...
CBN Mandates Banks to Obtain Approval Before Altering Core Banking Systems
Nigeria’s Central Bank (CBN) has issued a new directive requiring commercial banks to secure regulatory approval before making changes to...
Currency Outside Banks Sees Massive Surge as N1.6 Trillion Leaves Bank Vaults
Recent statistics from the Central Bank of Nigeria (CBN) reveal a striking increase in the amount of currency circulating outside...
Naira Weakens in Official Market Amid U.S. Dollar Recovery
The Nigerian Naira experienced a slight decline in value at the official foreign exchange market on October 30, 2024, coinciding...
Nigeria’s Money Supply Reaches N108.9 Trillion, Up 68% Year-On-Year
In a significant economic development, Nigeria's money supply (M3) soared to N108.95 trillion in September 2024, marking a 62.8% increase...
