UBA Announces Record N2 Per Share Interim Dividend, Shares Surge 9.99%
United Bank for Africa (UBA) made headlines on Monday by announcing a record-breaking N2 per share interim dividend for its...
Exchange Rate for Customs Duty Collection Drops to N1,637 per Dollar
The exchange rate for customs duty collection in Nigeria has decreased to N1,637 per US dollar, marking a slight improvement...
Government Borrowing Rises by N11.33tn in August — CBN Report
The Central Bank of Nigeria (CBN) has revealed that credit to the Federal Government surged by N11.33 trillion, marking a...
World Bank Approves $1.57 Billion Loan for Nigeria to Boost Human Capital and Climate Resilience
The World Bank has approved a $1.57 billion loan package for Nigeria, aiming to strengthen the country's human capital and...
CBN Approves Additional $20,000 for Each BDC at N1,590/$1, Limits Profit Margins
In a bid to stabilize the Nigerian foreign exchange market and meet the rising demand for foreign currencies, the Central...
Fidelity Bank Soars Over 38% in September, Briefly Exceeds ₦17
Fidelity Bank PLC has seen remarkable growth in its stock performance throughout September, with shares briefly surpassing ₦17 during trading...
Nigeria’s Unemployment Rate Rises to 5.3% in Q1 2024, Reports NBS
Nigeria’s unemployment rate increased slightly to 5.3% in the first quarter of 2024, up from 5.0% in the third quarter...
Nigerian Stock Market Rises by 0.18% as Banking Stocks Lead the Way
The Nigerian stock market continued its upward trend on Tuesday, with the All-Share Index (ASI) increasing by 0.18%, closing at...
Nigeria’s External Reserves Reach $39.07 Billion – CBN Governor Yemi Cardoso
Nigeria's external reserves have reached $39.07 billion as of September 19, 2024, according to the Governor of the Central Bank...
CBN Increases Interest Rate to 27.25% Amid Inflation Concerns
The Central Bank of Nigeria (CBN) has raised its benchmark interest rate by 50 basis points to 27.25% following a...
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