Nigerian Breweries Posts N29.9 Billion Equity Gain as Stock Market Appreciates by 0.2%
Nigerian Breweries Plc (NB) emerged as the standout performer on the Nigerian Exchange (NGX) today, registering a significant 10% gain...
Jim Ovia Gains $16.8 Million from Surge in Zenith Bank Stake
Jim Ovia, Nigeria’s preeminent banker and a central figure in the nation’s financial sector, has seen a substantial increase in...
Naira Faces Increased Volatility as FX Turnover Plummets by 75%
In the wake of a significant drop in foreign exchange (FX) turnover, recent data from the FMDQ has shown that...
Federal Government to Integrate Credit Scores with NIN, Targets 80 Million Nigerians
The Federal Government of Nigeria has announced plans to incorporate credit scores into the National Identification Number (NIN) as part...
World Bank Expresses Doubts on CBN’s Monetary Policy Impact on Nigeria’s Inflation
The World Bank has raised concerns over the effectiveness of the Central Bank of Nigeria’s (CBN) monetary policy tightening in...
Nigeria’s Crude Oil Production Falls to 1.25 Million BPD in May – OPEC Report
Nigeria's average crude oil production dropped to 1.25 million barrels per day (bpd) in May, down from 1.28 million bpd...
VAT Collection Rises by 19.21% to N1.43 Trillion in Q1, Reports NBS
The Value Added Tax (VAT) collected in Nigeria saw a significant increase in the first quarter of 2024, rising by...
Naira Shows Stability as FX Turnover Surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM)...
Naira Shows Resilience Amidst Forex Market Fluctuations
Recent data from the Financial Markets Dealers' Quotation (FMDQ) platform has revealed notable fluctuations in Nigeria's foreign exchange market, highlighting...
Afreximbank Supports Fidelity Bank’s UK Expansion with $40m Investment
The African Export-Import Bank (Afreximbank) has announced a pivotal $40 million disbursement through its Intra-African Investment Facility to bolster Fidelity...
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