Naira Continues Depreciating Against Dollar in Official Forex Market Hitting N1509/$
The Nigerian naira witnessed a modest depreciation against the United States dollar in the authorized forex market on Monday, according...
U.S. Yield Surge Pressure on Naira Amidst Market Uncertainty
The Nigerian naira faces renewed challenges as rising U.S. Treasury yields bolster the dollar index, increasing pressure on inflation-vulnerable currencies...
CBN to Penalize Banks and BDC’s Refusing Old Dollar Notes
The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions in the country, emphasizing that the...
Access Holdings Commences N351 Billion Capital Raise on July 8
Access Holdings Plc is set to launch a significant capital raising effort, opening its rights issue of 17,772,612,811 ordinary shares...
FG Exempts Small Businesses, Farmers, and Manufacturers from Withholding Tax
In a significant move to alleviate the tax burden on small businesses, farmers, and manufacturers, the Nigerian government has announced...
Diaspora Remittances: Costs for Sending Money to Sub-Saharan Africa Rise to 7.9% – World Bank
In 2023, the average cost of sending a $200 remittance to the Sub-Saharan Africa (SSA) region increased to 7.9%, up...
World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets
The World Bank is restructuring its Nigeria Digital Identification for Development (ID4D) project, extending the deadline to 2026 after the...
Nigeria’s Money Supply Nears N100 Trillion in May 2024 Despite MPC Tightening Efforts
Nigeria’s money supply (M3) has soared to nearly N100 trillion, reaching N99.24 trillion in May 2024. This represents a 2%...
Nigeria’s Capital Importation Soars by 210% in Q1 2024 As Banking Sector Excel
The total capital importation into Nigeria for the first quarter of 2024 reached an impressive $3,376.01 million, marking a significant...
Ghana Reaches Agreement on Eurobond Restructuring: Key Details Explained
In a significant development aimed at addressing its fiscal challenges, the Government of the Republic of Ghana has successfully negotiated...
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