Naira Strengthens Amid CBN’s Dollar Injection as Official and Parallel Markets React
The Nigerian naira has experienced a significant strengthening in the official foreign exchange market, marking three consecutive days of appreciation....
CBN Conducts $876 Million Auction to Bolster Naira, Drops 12-Month Forex Policy
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the naira by auctioning $876.26 million to...
Foreign Exchange Inflows Surge by 55% in First Half of 2024, Reaching $25.4 Billion
The Central Bank of Nigeria (CBN) has announced a remarkable 55% increase in net foreign exchange (FX) inflows, which reached...
Naira Strengthens for Third Day, Closes at N1,596.52/$1 on Wednesday
The Nigerian naira appreciated for the third consecutive day, closing at N1,596.52/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM)...
Import Duty Waiver on Rice and Other Food Items to Begin Next Week – FG
The Federal Government has announced that the suspension of customs duty and taxes on imported food items will commence next...
Nigeria to Issue $500 Million USD Bonds, Aims for 200% Subscription
The Federal Government of Nigeria has unveiled its Series I Domestic USD Bond, aiming to raise a minimum of $500...
Dangote Refinery to Sell 12.5% Stake of NNPC Shares to Raise Funds
The Dangote Refinery has announced plans to sell a 12.5% stake to raise funds, according to a report by Fitch...
CBN Approves N700 Billion Bailout for Unity Bank-Providus Bank Merger
In a significant move to stabilize Nigeria's financial sector, the Central Bank of Nigeria (CBN) has approved a N700 billion...
Naira Appreciates to N1,585 Against Dollar in Parallel Market
The Nigerian Naira showed a significant improvement against the US dollar in the parallel market on Tuesday, appreciating to N1,585...
NGX Loses N93bn Amid Global Equity Market Tumble
The Nigerian equity market experienced a significant downturn on Monday, shedding N93 billion, echoing the global market's broader decline. The...
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