EFCC Raids Currency Speculators as Naira Falls to 1,520 per Dollar
In a significant crackdown, operatives of the Economic and Financial Crimes Commission (EFCC) conducted extensive raids on Bureau De Change...
Airtel Africa Announces Plans to Take Mobile Money Unit Public in 2025
Airtel Africa is set to launch its mobile money unit, Airtel Money, in an initial public offering (IPO) in 2025...
Naira Reaches Six-Week Low, Hits Intra-Day High at N1,515/$1 in Official Market
In a concerning turn of events, the exchange rate between the Nigerian naira and the US dollar surged to an...
NGX Group Records N6.96 Billion Revenue from Transaction Fees and Treasury Investments
The Nigerian Exchange Group Plc (NGX Group) has announced a significant increase in its revenue for the 2023 financial year,...
Naira Hits Seven-Week Low, Trading at N1480/$1 in the Black Market
The Nigerian naira experienced a decline over the weekend, reaching a seven-week low against the US dollar. The official exchange...
Total Direct FX Remittances Decline by 6.28% Year-on-Year to $282.6m in Q1
Despite the Central Bank of Nigeria's (CBN) efforts to boost foreign exchange reserves, total direct FX remittances dropped by 6.28%...
FG Raises N4.2 Billion from Nigerian Savings Bonds in April 2024
The latest issuance of the Federal Government of Nigeria Savings Bonds (FGNSB) has garnered significant attention from investors, resulting in...
Nigerian Banking Stocks Face Further Declines Ahead of Rights Issues
Banking stocks in Nigeria are bracing for further declines in share prices as the prospect of upcoming rights issues looms...
Kenyan Banks Face Higher Capital Requirements to Boost International Competitiveness
In a recent announcement, the Governor of the Central Bank of Kenya (CBK) revealed plans to raise the capital requirements...
Naira Maintains Above N1,750 Against British Pound Amid Bank of England Meeting
The Nigerian naira has sustained its position at the upper end of its range against the British pound sterling, slightly...
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