Naira Gains 1.69% in I&E Window as Global Oil Prices Near $80
On October 4, 2024, the naira strengthened by 1.69% against the U.S. dollar, closing at N1,631.21 in the official Investor...
Naira Falls Behind as Report Reveals Africa’s 10 Strongest Currencies
Despite global inflation and low productivity across much of the African continent, several African currencies are holding strong against the...
BDCs Blame IMTOs for Dollar Scarcity, Urge CBN Intervention
The Bureau De Change (BDC) operators in Nigeria have attributed the recent depreciation of the Naira in the parallel market...
Naira Closes September at Lowest Exchange Rate in Seven Months on Parallel Market
The Naira ended September 2024 at its weakest level in seven months on the parallel market, trading at N1,700 per...
NGX Banking Index Surges Over 20% as FUGAZ Banks Rebound in the Stock Market
The NGX Banking Index has experienced a strong recovery, rising over 20% after reaching a low of 774.35 points in...
FG Eliminates VAT on Diesel, CNG, Electric Vehicles to Reduce Costs
In a significant policy shift aimed at reducing energy costs and promoting clean energy, the Federal Government of Nigeria has...
Credit to Government Surges by N11 Trillion in August as Private Sector Reduces Debt
Credit to the Nigerian government surged by over N11 trillion in August 2024, according to the Central Bank of Nigeria's...
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...
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