Naira Strengthens, Trading Below N1000 Against Dollar at Certain Segment of the Market
In the face of escalating geopolitical tensions and increased demand for safe-haven assets triggered by an Iranian strike on Israel,...
Banking Stocks Drag NGX to Second Consecutive Week of Losses
The Nigerian Exchange Limited (NGX) witnessed a second consecutive week of losses, with banking stocks leading the downturn, according to...
Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains
Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns...
UK Economy Shows Signs of Recovery as GDP Edges Up by 0.1%
The UK economy is displaying signs of resilience as it grew by 0.1% in February, prompting optimism from Chancellor of...
CBN Prohibits Use of Foreign Currency Collaterals for Naira Loans
The Central Bank of Nigeria (CBN) has issued a directive to all banks regarding the use of foreign currency-denominated collaterals...
FBN Holdings Plans N300 Billion Capital Raise, Seeks Shareholders’ Approval
First Bank Holding Plc has announced plans to seek shareholders' approval for a capital raise of N300 billion. The decision...
CBN begins sales of $10000 FX for N1101/$
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange (FX) to Bureau De Change Operators (BDCs)....
Naira Continues 4th Straight Weekly Surge Amid Resistance at Key Support Level
In a promising development, the Nigerian naira continued its upward trajectory, marking its highest level against the dollar since its...
Nigeria’s Foreign Exchange Reserves Drop by $1.02bn in 18 Days
Nigeria's foreign exchange reserves have experienced a notable decline, decreasing by approximately $1.02 billion over an 18-day period as the...
BDC Operators Urge CBN to Lower Exchange Rate Amid Rising Disparities
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to...
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