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Trade
Netherlands Overtakes India as Nigeria’s Second-Largest Trade Partner in…
The Netherlands has surpassed India to become Nigeria's second-largest trade partner in 2023, according to the…
Nigeria to Navigate Economic Rivalry between US, China, and Russia, says Foreign…
Nigeria's Foreign Minister, Yusuf Maitama Tuggar, highlighted Nigeria's stance on managing economic competition…
935 BDC Operators Get CBN’s Forex In NorthWest
The Central Bank of Nigeria (CBN) has provided foreign exchange (forex) to 935 eligible Bureau De Change (BDC)…
Capital Market Declines by 1.36%
The Nigerian capital market experienced a 1.36% decline last week, attributed to losses by key equities including…
UK-Nigeria Bilateral Trade Reaches £7 Billion
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that bilateral trade between Nigeria…
SEC Plans to Delist Naira from P2P Crypto Trading to Curb Manipulation
Dr. Emomotimi Agama, the Acting Director General of the Securities and Exchange Commission (SEC), has announced…
Equity market bounces back with weekly gain of N812 Billion
After experiencing a downturn of N3.54 trillion in April, the Nigerian equity market saw its first weekly gain,…
NGX Starts May Strong, Investors Gain N303 Billion
The Nigerian Exchange Limited (NGX) began May with a positive trend, as the All-Share Index rose by 0.55%, gaining…
Sterling, FCMB, Stanbic see biggest jump in FX gain
While big banks grabbed attention for foreign exchange gains last year, Sterling Financial Holdings Plc, FCMB…
China’s exports likely swung back to contraction in March
A Reuters poll conducted on Thursday suggests that China's exports likely declined in March, following a period of…
Forex losses hit currency dealers as CBN slashes BDC rate to N1,117.5/$
Currency dealers expressed concern over mounting losses and decreasing demand for the dollar as the naira…
FX market roars back to life with $1bn single-day trade
On Tuesday, Nigeria's foreign exchange market experienced its highest turnover in a single day since 2017,…
Cadbury Nigeria Plc faces N19.09bn loss
Cadbury Nigeria Plc, a consumer goods firm, has reported a loss of N19.09 billion after tax for the financial year…
Nigeria’s exports to Netherlands hit N1.9 trillion in Q4
According to a report by the National Bureau of Statistics (NBS), Nigeria exported goods worth N1.9 trillion to…
Dollar strengthens against euro and pound
On Thursday, the dollar strengthened against the euro and pound after a Federal Reserve policy maker indicated no…
Naira strengthens slightly against dollar, ends below N1,600/$1
In the official market, the Nigerian Naira experienced a modest improvement against the US Dollar, closing at…
Headline: Nigerian Exchange Gains N2.12tn as Investors Anticipate Dividend Season
The Nigerian Exchange witnessed another positive week, with investors positioning themselves ahead of the…
China foreign minister willing to strengthen communications with New Zealand
China expressed its intent to strengthen communication with New Zealand and collaborate to uphold peace and…
US oil prices rise on expectations of strong demand
0il prices climbed on Wednesday, buoyed by optimistic forecasts of robust global demand, particularly in the…
$1.2 million trade facility to boost Nigeria’s export capacity
The World Trade Organization (WTO), in collaboration with the International Finance Corporation (IFC), has…
Demand for Transpower, FBNH drive NGX ASI up by 2.61%
Nigeria's stock market witnessed a resurgence of positive sentiments fueled by strong demand for shares of…
Toilet Paper, Soap Among Nigeria’s Top Import from UK in 2023
Here's a breakdown of the top 5 imported goods from the United Kingdom to Nigeria in the last six months of 2023,…
Transcorp Power, FBN Holdings lift Market Cap by N194bn
The Nigerian Exchange witnessed a significant N194 billion gain in market capitalization on Tuesday, largely…
Naira’s Official Exchange Rate Falls by 4.26%
The official exchange rate of the naira against the dollar concluded its three-day winning streak, experiencing a…
Binance Discontinues Naira Services Amid Government Scrutiny
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira…
U.S. Funding Legislation Blocks China from Buying Oil from Strategic Petroleum…
The funding legislation introduced by congressional leaders on Sunday includes a provision to prevent China from…
Rand Merchant Bank optimistic about $11bn Indo-Nigeria trade
Rand Merchant Bank (RMB) highlights the promising prospects of trade between Nigeria and India, estimated at $11.8…
SEC May Wield Hammer on Binance, Other crypto Platforms For Illegal Operations
The Securities and Exchange Commission (SEC), Nigeria, is considering imposing huge fines, potentially amounting…
Guinea’s Trade Unions Suspend Nationwide Strike
Guinea's trade unions have lannounced the suspension of a nationwide strike that had brought the West African…
Bitcoin Tops $57 000 as Large Players Enter Market
Bitcoin reached a two-year high on Tuesday, driven by indications of significant investments from major players in…