Global Air Cargo Demand Surges by 13.6% in 2024, IATA Reports

The Nigerian Naira experienced a mixed performance against the US Dollar on Monday, with varying results across different exchange markets....

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

Surge in Taxes Threatens Nigeria’s Broadband Expansion Efforts

The Nigerian telecommunications industry is grappling with an unprecedented tax burden, which has raised concerns about the future of high-speed...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banks’ Deposits with CBN Surge to N3.42 Trillion Amid Policy Changes

The Central Bank of Nigeria (CBN) has reported a notable increase in banks' deposits, reaching a record N3.42 trillion by...

IMF Lists Top 10 African Nations with Highest Debt Burdens

Nigeria’s External Debt Servicing Surges to $2.78 Billion Amid Economic Strain

In the first seven months of 2024, Nigeria's expenditure on external debt servicing surged by 53.6% to $2.78 billion, up...

Nigeria Emerges as Most Cash-Dominant Economy Globally in 2023

Nigeria has been identified as the most cash-dependent economy in the world for 2023, with 55% of all financial and...

Zenith Bank’s Market Cap Surpasses One Trillion Naira as Shares Soar by 3.23%

Zenith Bank Records N2.1 Trillion in Half-Year Gross Earnings, Doubling Profit

Zenith Bank Plc has announced a significant rise in its financial performance for the first half of 2024, reporting a...

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

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 Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

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 depreciates to N755/$ in the parallel market.

Naira Rebounds After Brief Plunge Beyond N1,600 Mark in Official and Parallel Markets