Naira Strengthens to N1,460/$ in the Parallel Market
In a significant turnaround, the Nigerian naira demonstrated resilience against the United States dollar on Wednesday, experiencing a notable surge...
NNPC to Take Decision (FID) on $25 Billion Nigeria-Morocco Gas Pipeline in 2024
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, has announced that...
Naira Strengthens to N1,560.57 Against Dollar on Official FX Market
The naira has surged against the US dollar, now quoted at N1,560.57 on the official market. This upward momentum reflects...
BUA Cement Reports Profit Slump Due to N69.96bn Foreign Exchange Loss
BUA Cement Plc has reported a decline in profit for the 2023 financial year, attributing the slump to a substantial...
Nigerian Exchange Dips by 0.40% Amidst Inflation Concerns
The Nigerian stock market witnessed a decline of 0.40% on Monday as investors responded to the latest Consumer Price Index...
African ESG Bonds Surpass $4.4 Billion Pioneered by international loans
African entities have raised a total of $4.4 billion through international loan securities issued for investments adhering to Environmental, Social,...
Naira Strengthens Against Dollar by 5.51% at Official Window
The Nigerian Naira has demonstrated resilience at the official foreign exchange market, closing stronger compared to its performance in the...
Ethiopia’s Commercial Bank Struggles After ‘Systems Glitch’ Allows Customers Withdraw Millions
Ethiopia's financial sector faces a tumultuous period as the nation's largest commercial bank, the Commercial Bank of Ethiopia (CBE), grapples...
SEC Proposes ₦1 Billion Capital Requirement for Virtual Asset Companies
The Securities and Exchange Commission (SEC) of Nigeria has put forward a proposal to raise the minimum paid-up capital for...
CBN’s N10 Trillion Intervention: N193 Billion Loans Declared Lost
The Central Bank of Nigeria's (CBN) ambitious Intervention Funds Programme, aimed at bolstering various sectors with an estimated N10.3 trillion,...
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