Stock Market Sees N288.9 Billion Decline due to Profit-Taking in Dangote Sugar
The Nigerian Exchange Limited (NGX) started the week's trading on a bearish note, with a significant drop of N288.9 billion...
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate...
Naira Strengthens to N1,400 on Parallel Market, N1,408 on Official Window
On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market....
CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar
The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX)...
FG’s External Debt Soars by N17.37 Trillion in One Year Amid Exchange Rate Fluctuations
The Debt Management Office (DMO) has revealed a staggering increase in the naira value of the federal government's external debt,...
Nigeria Spends $3.5 Billion Servicing External Debt in 2023- DMO Reports
Nigeria has disbursed a total of $3.5 billion to service its external debt stock of $42.5 billion throughout 2023, according...
Naira’s Surge Elevates Aliko Dangote’s Wealth to $15.3 Billion
Aliko Dangote, Africa's wealthiest individual and the president of Dangote Group, has experienced a remarkable surge in his fortune amid...
OPS Takes Legal Action Against Banks Over Rejected Forex Applications Worth $7bn
Some businesses operating under the umbrella of the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial...
Naira Continues Steady Appreciation Against US Dollar, Reaching N1,382/$ at Official Market
The Nigerian naira maintained its upward trajectory against the United States dollar on Thursday, marking a notable gain of N18...
CBN Reports N193 Billion Missing from N10.3 Trillion Intervention Funds Under Emefiele
The Central Bank of Nigeria (CBN) has uncovered significant discrepancies in the management of intervention funds totaling N10.3 trillion during...
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