Stock Market Sustains Bullish Trend as CBN’s MPR Meeting Holds Today
The Nigerian stock market continues to maintain its bullish trend as anticipation builds around the Central Bank of Nigeria's (CBN)...
Naira Depreciates Against US Dollar as CBN Prepares Monetary Policy Decision
The Nigerian naira has experienced a notable decline against the US dollar, reversing some of the gains recorded in recent...
FG Offers N150bn Bonds for September 2024 Auction
The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the offering of three bonds totaling N150...
GTCO’s Fintech Subsidiary HabariPay Initiates Recovery of ₦1.1 Billion Mistakenly Sent to Customers
HabariPay, the fintech arm of Guaranty Trust, has started legal proceedings to recover ₦1.1 billion ($1.1 million) that was mistakenly...
Banking Liquidity Surges to Over ₦1 Trillion Amid Strong Inflows
Liquidity in Nigeria’s banking sector has surged significantly, reaching ₦1.2 trillion, marking a 62.4% increase on a week-to-week basis, according...
Naira Loses Over Half of Its Value in Cardoso’s First Year as CBN Governor
In the one year since Yemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN), the naira...
Naira Faces Pressure in Black Market as U.S. Dollar Strengthens
The Nigerian naira remained under pressure in the parallel forex market on Thursday, trading flat at N1,660 per U.S. dollar,...
PZ Cussons Plans Africa Exit Amid Naira Depreciation
PZ Cussons Plc, the parent company of PZ Cussons Nigeria, has announced plans to sell its African subsidiaries, citing the...
Naira Under Pressure as U.S. Dollar Strengthens After Fed Rate Cut
The Naira continued to face significant pressure in the parallel market, trading steadily at N1,660/$1 against the U.S. dollar on...
Naira Drops to N1,656 at I&E Window Amid Volatility, Hopes for Recovery Linked to U.S. Fed Decision
The Nigerian naira depreciated further against the U.S. dollar, closing at N1,656.49 on September 17, 2024, at the official Investor...
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