FG Proposes Tax Exemptions on Sanitary Products and Baby Items in New Bill
The Federal Government of Nigeria has introduced a new bill aimed at providing tax relief on essential products, including sanitary...
Nigeria’s Capital Spending Drops by 25% in H1 2024, Says CBN
Nigeria's capital expenditure dropped by 25.3% in the first half of 2024, amounting to N1.99 trillion, down from N2.68 trillion...
All-Share Index Falls 0.21% as Trading Volume Declines
The Nigerian stock market ended Thursday’s trading session in the red, with the All-Share Index (ASI) dipping by 0.21%, losing...
Naira Slips to N1,660.49 in I&E Window Amid Market Volume Surge
The naira continued its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window,...
Naira Breaks N1,650/$ Support Level in Official Market
The Nigerian naira has experienced a significant depreciation, falling below the crucial N1,650/$ support level in the official foreign exchange...
10 Nigerian Banks Fined N1.5bn for Forex Violations
Regulatory bodies, including the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have sanctioned 10 Nigerian...
CBN Revalidating $2.4bn Forex Claims, Says Governor Cardoso
The Central Bank of Nigeria (CBN) has initiated a re-validation process to verify foreign exchange (FX) claims worth $2.4 billion...
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...
