IMF Approves $8 Billion Support Package for Low-Income Countries
The International Monetary Fund (IMF) has given the green light to an $8 billion reform and financing package aimed at...
All-Share Index Drops by 249.40 Points, Closing Wednesday’s Session in Decline
On October 16, 2024, the All-Share Index (ASI) saw a significant downturn, losing 249.40 points to settle at 98,291.53, marking...
Naira Breaks N1,650/$ Barrier Amid Economic Reforms
The Nigerian naira has broken the N1,650/$ threshold in the official foreign exchange market, reflecting ongoing volatility in the country’s...
Naira Plummets to Record Low of N1,700 Per Dollar in Parallel Market
The Nigerian naira hit a historic low in the parallel market, closing at N1,700 per U.S. dollar on October 14,...
Naira Falls 1.15% at I&E Window Despite Market Turnover Surge
On October 11, 2024, the Nigerian naira weakened against the U.S. dollar, closing at N1,641.27 in the official Investor and...
Foreign Capital from BRICS Nations into Nigeria Rises by 189% in Six Months
Foreign capital inflows from BRICS countries into Nigeria surged by 189% in the first half of 2024, reflecting Nigeria's growing...
Kenyan Shilling Gains 17% Amid Two Interest Rate Cuts in 2024 as Inflation Eases
The Kenyan shilling has appreciated by 17% against the US dollar in 2024, driven by the Central Bank of Kenya’s...
DSS Accuses CBN Staff of Aiding in Theft of Anchor Borrowers’ Funds
The Department of State Services (DSS) has implicated several Central Bank of Nigeria (CBN) employees in the alleged misappropriation of...
Naira Weakens to N1,625.13 in I&E Window as Market Turnover Declines
The naira continued its downward trend against the U.S. dollar on October 9, 2024, closing at N1,625.13 in the official...
Kenya Lowers Key Interest Rate to 12% Amid Cooling Inflation
The Central Bank of Kenya (CBK) has reduced its key lending rate by 75 basis points, bringing it down to...
Popular Story
Naira Softens at N1,351 Against Dollar as Parallel Market Premium Widens
Airlines: “We Are Bleeding”, FG Offers Debt Relief as Airlines Battle 300% Jet Fuel Price Surge
UK Inflation Rises to 3.3% in March as Middle East Conflict Drives Fuel Price Surge
Illicit Alcohol Sales Causes N438bn Lost Annually – SWAN
UAC Nigeria Lists N54.03 Billion Bond on NGX in Fixed Income Push