Naira Falls as FX Turnover Declines by 71% Amidst Market Pressure
The Nigerian naira weakened further on Monday, sliding to ₦1,670.75 per dollar in the official market and ₦1,748 per dollar...
NGX Opens Week on Bearish Trend as ASI Drops by 0.74%
The Nigerian Exchange (NGX) commenced the week on a bearish note, with the All-Share Index (ASI) declining by 0.74% on...
CBN Governor Reports Sharp Decline in Market Volatility Due to FX Reforms
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to...
Naira Shows Mixed Performance: Gains in Official Market, Slight Decline in Parallel Trading
The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets....
Nigeria Aims to Exit FATF Grey List by May 2025, Says Central Bank
In a recent announcement, the Central Bank of Nigeria (CBN) shared its active engagement efforts aimed at facilitating the country's...
Naira Appreciates to N1,715 in Parallel Market, Depreciates in Official Market
The Nigerian naira strengthened slightly in the parallel market yesterday, appreciating to N1,715 per dollar, a modest gain from the...
FG Approves ExxonMobil’s $1.28 Billion Asset Sale to Seplat After Two-Year Delay
The Nigerian government has approved the long-awaited sale of ExxonMobil's onshore assets to Seplat Energy, finalizing a $1.28 billion deal...
Nigeria Loses N13 Trillion to Forex Subsidy, Says World Bank
**Abuja, October 22, 2024** — Nigeria's government forfeited N13.2 trillion in revenue due to its foreign exchange subsidy policy between...
China Lowers Benchmark Lending Rates by 25 Basis Points to Boost Economy
China’s central bank, the People’s Bank of China (PBOC), has reduced its key benchmark lending rates by 25 basis points,...
FG Proposes 5% Excise Duty on Telecom, Gaming, and Betting Services
The Federal Government of Nigeria has introduced a bill proposing the imposition of a 5% excise duty on telecommunications, gaming,...
