Zenith Bank to Issue IPO to Bolster Capital Base
Zenith Bank Plc has announced plans to raise approximately N290 billion in fresh capital, surpassing the N230 billion required by...
Naira Plummets to N1,611 per Dollar, Lowest Since March
The exchange rate between the Nigerian naira and the US dollar fell to a four-month low of N1,611 on the...
Meta and WhatsApp Challenge Nigerian Regulator’s $220 Million Penalty
WhatsApp and Meta Platforms Inc. have formally appealed a $220 million fine imposed by Nigeria's Federal Competition and Consumer Protection...
CBN to Classify Inactive Accounts Over 10 Years as Dormant for Investment Purposes
The Central Bank of Nigeria (CBN) has announced a new policy clarifying that only accounts inactive for over ten years...
Make Nigeria Better Series By Ayo Akinfe. Today Focus: Bauchi State
Nicknamed the Pearl of Tourism because of its natural beauty and the cleanliness of its cities, Bauchi State was created...
Naira Hits Four-Month Low Despite Central Bank’s Efforts
The naira has reached its lowest value in four months, standing at 1,603.8 to the dollar, as the Central Bank...
Imported Food Inflation in Nigeria Soars to 36.38% Amidst Naira Weakness
Nigeria's imported food inflation rate surged to 36.38% in June 2024, marking a 1.55 percentage point increase from May's 34.83%,...
FG to Issue $500 Million Domestic Dollar-Denominated Bond
The federal government of Nigeria has unveiled plans to issue $500 million in domestic dollar-denominated bonds within the next three...
Naira Hits Four-Month Low, Closes at N1,603.80/$1 Amid Demand Pressure
The Nigerian naira has experienced further depreciation, closing at N1,603.80/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on...
Nigerian Stock Market Experiences Surge in Foreign Transactions
The Nigerian Exchange Limited (NGX) has reported a significant rise in foreign transactions for the first half of 2024, with...
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