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Access Holdings’ Net Foreign Exchange Gains Surge by 362% to N244 Billion in…
Access Holdings Plc has reported a remarkable increase in its net foreign exchange gains, which rose by 362% to…
New CBN Governor Olayemi Cardoso Aims to Address Naira Downturn
The foreign exchange (FX) market in Nigeria remained relatively calm on Thursday, with market participants eagerly…
FX Scarcity Drives Surge in Local Raw Material Sourcing in Nigeria
The Manufacturers Association of Nigeria (MAN) reports a significant increase in the utilization of local raw…
Food Prices Surge by 31% in Ebonyi and Abia States Over 12-Month Period
According to the 'Selected Food Price Watch' report published monthly by the National Bureau of Statistics, food…
IMF Urges Nigeria to Halt Tax Waivers and Prioritize Domestic Revenue amid Debt…
The International Monetary Fund (IMF) has recommended that Nigeria and other Sub-Saharan African nations focus on…
Nigerian National Petroleum Company Spends N34.47 Billion on Pipeline Repairs in…
The Nigerian National Petroleum Company Limited (NNPCL) has allocated nearly N34.47 billion towards the repair and…
Oil Prices Surge to $95 per Barrel Amid Resurfacing Fuel Queues in Lagos
Oil prices experienced a notable increase of over $1 per barrel on Wednesday following the reappearance of fuel…
BUA Foods Achieves Remarkable 182.8% Growth in Cash and Cash Equivalents in H1…
BUA Foods, a fast-moving consumer goods company in Nigeria, has reported an impressive 182.8% increase in its cash…
Analysis: Nigeria’s Top 5 Sectors and Their Contributions to H1 2023 Nominal…
In the first half of 2023, Nigeria's dominant sectors collectively contributed N75.22 trillion, marking a modest…
Money Supply in Nigeria Sees Marginal Decline in August 2023
In August 2023, Nigeria's narrow money supply (M1), comprising cash in circulation and easily convertible deposit…
Nigerian Businesses Grapple with Foreign Supplier Rejections Amid Escalating…
Nigerian businesses dependent on imports face a severe setback as foreign suppliers reject letters of credit (LC)…
IMF Calls on Nigerian Finance Ministry and Central Bank to Champion Climate…
The International Monetary Fund (IMF) has emphasized the pivotal role of Nigeria's Ministry of Finance and Central…
NGX CEO Affirms Capital Market’s Potential in Achieving Government…
Temi Popoola, the CEO of Nigerian Exchange Limited (NGX), expressed confidence in President Tinubu's ongoing tax…
Nigeria Exchange Limited Greenlights Capital Hotels Plc Delisting for Strategic…
Summary: The Nigeria Exchange Limited (NGX) has granted approval for the delisting of Capital Hotels Plc's shares,…
Nigerian Senate Resumes with Key Agendas Including CBN Leadership Confirmation
The Nigerian Senate is set to resume sessions after a two-month summer recess. Among the key expectations are the…
Nigeria to Host International Financial Inclusion Conference (#IFIC2023) to…
The Central Bank of Nigeria, in partnership with agencies within the National Financial Inclusion Governance…
Nigeria Faces Risk of Debt Overhang as Public Debt Surges
Nigeria's public debt has risen to N87.38 trillion in the second quarter of 2023, with additional debt from "Ways…
Nigeria’s Oil Rig Count Rises as Gains from the Petroleum Industry Act…
Nigeria has seen a notable increase in its oil rig count, rising from 17 in 2019 to 31 as of last month. The…
Key International Oil Companies Commit to Over $55 Billion Investments in…
Leading International Oil Companies (IOCs) are showing renewed interest in Nigeria's energy sector, with…
Nigerian Government Aims to Boost Fintech Funding through Improved Regulatory…
The Nigerian Ministry of Communications, Innovation, and Digital Economy plans to create a conducive regulatory…
Aliko Dangote Clarifies NNPC’s Support for Refinery Project, Pledges to…
Aliko Dangote, President of the Dangote Group, has addressed misconceptions regarding crude oil supply to his…
Naira Devaluation Boosts Crypto Transactions to $56.7 Billion Despite CBN Ban
A report by Chainalysis reveals that the devaluation of the Naira in 2022 led to a year-on-year surge in crypto…
Nigerian Electricity Regulatory Commission Orders DisCos to Reimburse Meter…
The Nigerian Electricity Regulatory Commission (NERC) has mandated electricity distribution companies (DisCos) to…
Fidson Healthcare Reports Strong Financial Performance in 2022, Declares Increased…
Fidson Healthcare Plc, an indigenous pharmaceutical manufacturer, has posted impressive financial results for the…
Central Bank of Nigeria Introduces Online Platform for Microfinance Bank License…
The Central Bank of Nigeria (CBN) has introduced the CBN Licensing, Approval and Other Requests Portal (CBN LARP)…
Delisting of Major Companies to Reduce NGX Capitalization by Over N205 Billion
The planned delisting of prominent companies including GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc,…
Nigerian Equities Market Records Slight Decline, Losing N13 Billion
Nigeria's stock market experienced a marginal dip, with a 0.03% decrease equivalent to N13 billion in market…
President Bola Tinubu Advocates for Africa’s Prosperity and Sovereignty at…
In his debut speech at the 78th United Nations General Assembly, President Bola Tinubu of Nigeria highlighted…
Nigerian Trade Unions Threaten Strike Action Amid Unresolved Demands
The Trade Union Congress of Nigeria (TUC) has issued a one-week ultimatum to the Federal Government, warning of…
Nigeria’s Solid Minerals Sector Falls Short of Trillion Naira Revenue Mark…
Despite being rich in 44 different types of commercially viable minerals, Nigeria's solid minerals sector failed…