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Legal Expert Analyzes Atiku’s Request for Fresh Evidence in Presidential…
Monday Ubani, former Chairman of SPIDEL (Section of Public Interest and Development Law) at the Nigerian Bar…
Atiku Abubakar to Address President Tinubu’s Academic Records in Press…
Atiku Abubakar, the People’s Democratic Party's presidential candidate, is scheduled to hold a press conference…
Nigerian Naira Faces Significant Depreciation in 2023, World Bank Reports
The World Bank's Africa's Pulse report highlights that the Nigerian Naira has undergone nearly a 40 percent…
Naira Appreciates on Low Demand for Dollars
The Nigerian Naira gained 1.33 percent against the US Dollar at the official foreign exchange (FX) market, trading…
Top 5 Best-Performing Stocks on NGX in 2023
Despite macroeconomic challenges in 2023, some stocks listed on the NGX have delivered remarkable returns,…
Federal Government Opens Subscriptions for 10-Year Ijarah Sukuk at 15.75% Interest
The Debt Management Office (DMO) has initiated subscriptions for a 10-year Ijarah Sukuk with a 15.75% interest per…
Nigerian Forex Market Faces New Challenge as US Dollar Strengthens
The surge in the US dollar, driven by rising US Treasury yields, is posing a fresh challenge for Mr. Yemi Cardoso,…
Naira Faces Significant Depreciation in Q3 2023, Raising Economic Concerns
The Nigerian currency, the naira, experienced a notable depreciation in the third quarter of 2023, with both…
Nigeria’s Over-Reliance on Imports Hinders Industrialization Efforts
After 63 years of independence, Nigeria is still heavily reliant on imports, which is impeding efforts to boost…
Nigeria’s Equities Market Starts Q4 Positively, Anticipating Q3 Earnings…
Nigeria's equities market has begun the fourth quarter of 2023 on a positive note, aiming to recover recent…
Rising Inflation Forces Nigerians to Opt for 2G Devices as Buying Power Shrinks
Inflation in Nigeria has surged to an 18-year high of 25.80% in August, impacting consumers' purchasing power.…
Chairman of Fiscal Policy Committee Urges Sale of Non-functional Nigerian…
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, suggested selling Nigeria's…
First Bank and Lafarge Africa Pledge Support for Cement Distributors Amid…
First Bank Plc and Lafarge Africa have expressed their commitment to continue supporting their cement distributor…
Nigeria Aims to Boost Startup Funding to $5 Billion Annually by 2027
Nigeria has set an ambitious goal to facilitate startups in raising a total of $5 billion annually by 2027. Dr.…
Impact of Central Bank’s Exchange Rate Unification Policy in Nigeria
The Central Bank of Nigeria's exchange rate unification policy has resulted in significant financial shifts. The…
Nigerian Stock Exchange Records Loss of N516 Billion in One Week
Investors on the Nigerian Exchange Limited (NGX) experienced a loss of N516 billion in one week of trading, with a…
Nigeria’s President Tinubu Faces Scrutiny Over Economic Reforms and…
Nigeria's President Bola Tinubu, in office for just over four months, has made significant economic reforms,…
Nigeria’s Labour Unions Suspend Nationwide Strike for 30 Days Following…
Nigeria's Labour Congress (NLC) and Trade Union Congress (TUC) have agreed to suspend the planned indefinite…
Nigerian Banks’ Borrowing from Central Bank Drops Sharply in May 2023
Deposit Money Banks (DMBs) in Nigeria borrowed significantly less from the Central Bank of Nigeria (CBN) in May…
Decline in Nigerian Banks’ Borrowing from Central Bank Indicates Improved…
In May 2023, Deposit Money Banks (DMBs) in Nigeria borrowed significantly less from the Central Bank of Nigeria…
Nigerian Banks Record ₦154 Billion in Fees for Electronic Banking Services in H1…
Customers of nine leading Nigerian commercial banks paid ₦154 billion in fees for using electronic banking…
JPMorgan Extends Lead in Investment Banking Fees Amid Deal-Making Drought
JPMorgan has strengthened its position at the forefront of the investment banking fee rankings, securing 8.6% of…
Closure of Lagos Markets Impacts Traders’ Revenue Amid Waste Management…
The Lagos Waste Management Authority (LAWMA) has temporarily closed the Oyingbo and Alayabiagba markets on the…
Rising Crude Oil Prices Prompt Concerns Over Subsidy Costs and Manufacturing…
The Federal Government of Nigeria is expected to incur additional subsidies on premium motor spirit (PMS), also…
Nigerian Investors Experience N112 Billion Loss in Bearish Trading
Investors on the Nigerian Exchange Limited (NGX) faced sustained losses as the market saw a decline of N112…
Foreign Investors Decrease Control in Nigerian Stock Market Transactions in August
In August 2023, foreign investors traded 14.15 percent of the overall N262.56 billion in the Nigerian stock…
Nigerian Exchange Group (NGX) Records 25% Surge in Other Income Despite Marginal…
Despite a marginal decline in revenue during the first half of 2023, the Nigerian Exchange Group (NGX) experienced…
National Economic Council Confirms $3 Billion Emergency Loan for Crude Oil to…
The National Economic Council has affirmed that the $3 billion emergency loan-for-crude oil, secured by the…
Nigerian National Petroleum Company Seeks $3 Billion Loan from Afrexim Bank to…
The Nigerian National Petroleum Company Limited (NNPC) is in discussions with the African Export-Import Bank…
Top Five Nigerian Exporters Earn $22 Million in April and May
According to figures from the Central Bank of Nigeria (CBN), the top five non-oil exporters in Nigeria…