Naira rises to N1,580/$ in parallel market
The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend.…
Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital’s…
The Central Bank of Nigeria (CBN) and FBN Holdings Plc are asking a Federal High Court in Lagos to dismiss a…
DMO offers two new FGN bonds
The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for…
Equity market begins week with N404bn loss
The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by…
Nigeria’s fiscal deficit drops 29% to N2.82trn
Nigeria’s budget deficit decreased by 29% in the first quarter of 2024, falling to N2.83 trillion from N3.96…
Providus Bank pays Unity price for national dreams
Providus Bank is set to acquire Unity Bank, a financially troubled but strategically important bank, following…
Q2: Demand for crude oil by local refineries rises to 597,700 bpd
However, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has only managed to secure 177,777 bpd from…
Air Peace: FG writes UK, threatens to bar British carriers from Lagos, Abuja…
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, has escalated the issue of Air Peace's…
Inflation: 67% of MSMEs report decline in demand for their products and services –…
A new report by Price Waterhouse Coopers shows that 67% of Nigerian Micro, Small, and Medium Enterprises (MSMEs)…
We’re raising capital for expansion, SME support –Umeoji, Zenith Bank CEO
Zenith Bank Plc plans to raise N290 billion through its current offer to boost its operations across Africa and…
Nigeria’s crude oil production now 1.3mbpd – OPEC
Nigeria's average daily crude oil production saw a minor increase to 1.307 million barrels per day in July, as per…
Zenith Bank, Access, FBN Holdings, 7 others receive highest FX from CBN
The Central Bank of Nigeria (CBN) recently held a Retail Dutch Auction System (RDAS) to address the growing demand…
Equities market records 0.87% growth in 1 week, investors gain N481bn
The Nigerian equities market experienced a positive turnaround, with the All-Share Index (ASI) rising by 0.87%…
Popoola commends FCMB’s digital approach in N110.9bn public offer
The Group CEO of Nigeria Exchange Group (NGX), Temi Popoola, commended FCMB Group for its digital innovation in…
Currency devaluation threatens NGX’s leadership as Africa’s top stock market
The Nigerian Exchange Limited (NGX) started 2024 with strong performance, recording a 26.43% year-to-date return…
Arthur Eze’s Oranto Petroleum signs oil deal in Venezuela
Atlas Oranto Petroleum International Limited (AOPI) has expanded its global footprint by signing an oil…
Nigeria’s financial struggle persists as Niger, Togo, others fail to defray…
Nigeria is facing increasing financial strain as international customers failed to pay $14.19 million for…
Lack of BVN stalls 18% Heritage Bank’s depositors from reimbursement – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has announced that 82.36% of insured deposits belonging to…
Minister writes UK over Heathrow slot for Air Peace to avoid diplomatic row
Festus Keyamo, Nigeria's Minister of Aviation and Aerospace Development, has lodged a formal complaint with his…
Barbican Capital sues First Bank for wrongly stating shareholding
Barbican Capital Limited, the largest shareholder of FBN Holdings, has filed a lawsuit against the bank to address…
Nigeria’s debt service-to-revenue may return to 98% in 2 years, economist warns
Economist Paul Alaje criticized the Nigerian government’s simultaneous removal of petroleum subsidies and…
NDIC pays N5m to Heritage Bank’s depositors
The Nigeria Deposit Insurance Corporation (NDIC) has successfully disbursed N5 million each to 82.36% of Heritage…
NASENI launches app for CNG conversion
The National Agency for Science and Engineering Infrastructure (NASENI) has introduced the MY-CNG App to…
NiMet’s air quality monitoring network in deplorable state
A recent audit conducted by the Nigerian Meteorological Agency (NiMet) has found its air quality monitoring…
Retail investors still buyers of US equities through rollercoaster markets –…
Despite a recent sharp drop in U.S. stock markets, retail investors continued buying shares, particularly in tech…
Wall St Week Ahead Rollercoaster week in US stocks leaves investors braced for…
U.S. stock markets have experienced significant volatility recently, spurred by alarming economic data and the…
Futures rise on dovish Fed comments after jobs data
U.S. stock futures advanced on Friday, buoyed by dovish comments from Federal Reserve officials and robust labor…
Global oil demand needs to rise faster to absorb OPEC+ hike
Global oil demand growth needs to accelerate in the coming months to absorb the increased supply that OPEC+ plans…
New CBN circular clarifies existing rule on certificate of capital importation for…
The Central Bank of Nigeria (CBN) has issued a new circular detailing the documentation required for foreign…
FG To Pay Julius Berger N280bn To Complete Abuja- Kano Highway
The Federal Government has allocated N20 billion each month to Julius Berger Plc for the dualization of an…