Nigeria’s Foreign Trade Payments Plunge by 57% Amid Forex Crisis
Nigeria's foreign trade payments via Letters of Credit (LCs) saw a significant decline in the first seven months of 2024,...
Nigerian Stocks End August in the Red Amid Economic Uncertainty
Nigerian equities wrapped up the month of August on a sour note as the All Share Index (ASI) of the...
Naira Rebounds After Brief Plunge Beyond N1,600 Mark in Official and Parallel Markets
The Nigerian naira made a strong recovery on Thursday, August 29, 2024, after briefly crossing the N1,600 mark against the...
Nigerian Equity Market Bounces Back with N117bn Gain
The Nigerian Stock Exchange (NSE) rebounded on Thursday, August 29, 2024, recovering from the previous day's losses with a substantial...
Currency Outside Nigerian Banks Drops to N3.66 Trillion in July, Largest Decline of 2024
The amount of currency circulating outside Nigeria's banking system experienced a significant drop in July 2024, decreasing to N3.66 trillion....
CBN Lifts Suspension on Bank Borrowing, Sets Lending Rate at 31.75%
The Central Bank of Nigeria (CBN) has officially lifted the suspension on bank borrowing from its Standing Lending Facility (SLF),...
Nigerian Breweries Secures Approval to Raise N599.1 Billion via Rights Issue
Nigerian Breweries Plc has received the green light from both the Securities and Exchange Commission (SEC) and the Nigerian Exchange...
Nigeria’s GDP Could Rise to 5% with Structural Reforms, Says IMF
The International Monetary Fund (IMF) has indicated that Nigeria’s economy has the potential to grow at a robust rate of...
Naira Nears N1,600/$1 as Daily Forex Turnover Hits 2024 Low
The Nigerian foreign exchange market is experiencing a significant downturn, with the average daily forex turnover hitting its lowest point...
Nigeria’s GDP Grows by 3.19% in Q2 2024, Driven by Services Sector
Nigeria's Gross Domestic Product (GDP) recorded a robust growth of 3.19% year-on-year in real terms during the second quarter of...
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