Economy
Naira Surges Overnight: Jumps from 1550 to 1400 Against the Dollar – Reasons Behind the Surge
In a surprising turn of events, the Nigerian Naira has undergone a notable resurgence in the foreign exchange market, swiftly...
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CBN Directs Banks to Sell Excess Dollar Holdings Within 24 Hours
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings...
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CBN’s Bold Move: See what would happen to your dollar
The Central Bank of Nigeria (CBN) has recently unleashed a transformative circular, titled "Harmonisation of Reporting Requirements on Foreign Currency...
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Breaking: CBN Implements Stringent Measures on Banks’ Foreign Currency Exposures
The Central Bank of Nigeria (CBN) has recently issued a crucial circular to all banks, outlining stringent measures to regulate...
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IMF Identifies High Inflation as a Major Hardship for Nigerians
In a press briefing on the January 2024 World Economic Outlook (WEO) Update in Sandton, South Africa, the International Monetary...
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Foreign Airlines Challenge CBN’s Assertion on Settling Unpaid Ticket Revenue Claims
In a countermove against the Central Bank of Nigeria's (CBN) recent claim of concluding payments for all verified claims of...
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Capital Market Operators Warn of Potential Decline in 2023 Dividends Amid Naira’s Free Fall
Capital Market Operators Warn of Potential Decline in 2023 Dividends Amid Naira's Free FallCapital market operators are cautioning that quoted...
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Naira Hits All-Time Low Against Dollar as Experts Warn of Economic Fallout
The Nigerian naira witnessed a significant decline, reaching an unprecedented low of N1,482 against the United States dollar at...
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Dangote Refinery Buys 2 Million Barrels of Crude From Trafigura
Dangote Refinery has reportedly entered into an agreement with Trafigura Group, a United States-based oil trader, to procure two million...
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Pension Funds Surge by 22% to N18tn – NAICOM Report Reveals
The National Pension Commission (PenCom) has reported a substantial 22.43% increase in Nigeria's Contributory Pension Scheme, reaching a total of...
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