Naira Hits Six-Month Low, Trading at N1,625.88 per Dollar
The Nigerian naira has fallen to a six-month low, trading at N1,625.88 per dollar in the official Nigerian Autonomous Foreign...
CBN Set to Adjust Customs Exchange Rate as Naira Hits 6-Month Low
The Central Bank of Nigeria (CBN) is preparing to adjust the customs exchange rate used for clearing goods at the...
Investors Flock to Nigerian Treasury Bills with N1.13 Trillion in Subscriptions
The latest Nigerian Treasury Bills (NTBs) auction, conducted on September 4, 2024, witnessed a significant surge in investor interest, with...
Wall Street Woes: Markets Shed Over $1 Trillion as September Fears Mount
In a startling display of market volatility, Wall Street recently experienced a dramatic sell-off, erasing more than $1.05 trillion in...
Naira Faces Increased Pressure, Trades at N1,635/$ in Black Market
The Nigerian naira continues to struggle in the black market, where it recently traded at N1,635 per dollar, slipping from...
Global Air Cargo Demand Surges by 13.6% in 2024, IATA Reports
The International Air Transport Association (IATA) has announced a significant 13.6% increase in global air cargo demand, as measured by...
Naira Depreciates to N1,635 in Parallel Market
The Nigerian Naira experienced a mixed performance against the US Dollar on Monday, with varying results across different exchange markets....
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...
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...
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...
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