Nigeria’s FX Turnover Hits $7.4 Billion in July, Reflecting Increased Trading Activity
Nigeria's foreign exchange (FX) market experienced a significant boost in trading activity in July 2024, with a turnover of N11.48...
Naira Rebounds in Official Market but Struggles in Parallel Market
The Nigerian naira made a notable recovery in the official market on Wednesday, August 21, 2024, after a sharp depreciation...
Nigeria Owes NNPC $4.9 Billion in Fuel Subsidy Debt, Report Reveals
The Federal Government of Nigeria owes the Nigerian National Petroleum Company Limited (NNPC) a significant debt of $4.9 billion (N7.8...
FG Launches $500 Million Five-Year Domestic Dollar Bond at 9.75% Interest
The Federal Government of Nigeria (FGN) has officially launched a $500 million domestic dollar bond, opening it for subscription on...
Top Story: MTN and Other Firms Receive Permits for Electricity Generation
The Nigerian Electricity Regulatory Commission (NERC) has granted new permits to several companies, including MTN Communications Nigeria Limited, Golden Penny...
Jumia Raises $99.6 Million in Secondary Share Offering
Jumia, Africa's leading e-commerce platform, has successfully raised $99.6 million through a secondary share sale, concluding the transaction just ten...
Nigeria to Issue $500 Million Domestic Dollar Bond on Monday
Nigeria is set to launch its first-ever dollar-denominated domestic bond next Monday, aiming to raise $500 million from both local...
U.S. Inflation Slows to Below 3% for First Time in Over Three Years
U.S. inflation slowed in July, with consumer prices rising moderately and the annual inflation rate dipping below 3% for the...
FG Implements Zero Import Duty on Essential Food Items to Combat Inflation
In a bid to alleviate the rising cost of food items in Nigeria, the Federal Government has directed the Nigeria...
CBN Announces Job Vacancy for Director-General at West African Monetary Agency
The Central Bank of Nigeria (CBN) has announced an exciting job opportunity for qualified professionals, seeking to fill the position...
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