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 $500...
Dangote Refinery to Sell 12.5% Stake of NNPC Shares to Raise Funds
The Dangote Refinery has announced plans to sell a 12.5% stake to raise funds, according to a report by Fitch...
CBN Approves N700 Billion Bailout for Unity Bank-Providus Bank Merger
In a significant move to stabilize Nigeria's financial sector, the Central Bank of Nigeria (CBN) has approved a N700 billion...
Naira Appreciates to N1,585 Against Dollar in Parallel Market
The Nigerian Naira showed a significant improvement against the US dollar in the parallel market on Tuesday, appreciating to N1,585...
NGX Loses N93bn Amid Global Equity Market Tumble
The Nigerian equity market experienced a significant downturn on Monday, shedding N93 billion, echoing the global market's broader decline. The...
Naira Devaluation Boosts Nigeria’s ID4D Project by ₦8.6 Billion
The devaluation of the Naira in 2023 resulted in a significant foreign exchange gain of ₦8.6 billion for Nigeria’s Identification...
Nigerian Banks See Surge of 136 Trillion in Customer Deposits in Q1 2024
The Nigerian banking sector has experienced a significant boost in customer deposits, reflecting renewed confidence in the industry during the...
Exchange Rate for Customs Duties Collection Rises to N1,618/$
The Nigeria Customs Service (NCS) has adjusted the exchange rate for customs duties collection to N1,618.73 per dollar, marking an...
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