Last year, the collective tiers of government in Nigeria, including the federal, state, and local authorities, experienced a substantial windfall from foreign exchange gains totaling N2.52 trillion, as reported by ...
The Nigerian Naira faced further devaluation against the US Dollar, both officially and on the parallel market, amidst sustained demand pressure, exacerbating the currency's weakness. Despite the Central Bank of ...
Financial analysts have projected that several factors, including the management of inflation, exchange rate by the Central Bank of Nigeria and technological advancements will be the major determinants of the ...
The Securities and Exchange Commission (SEC) has reiterated its cautionary stance against investing in unregistered entities promising unrealistically high returns, as it reveals that Nigerians have lost up to N500 ...
On Monday, February 5, 2024, the Naira saw gains against the dollar both at the official and black markets. This coincides with the Central Bank of Nigeria's (CBN) announcement of ...
The Central Bank of Nigeria (CBN) has introduced a new circular that eliminates the previous cap on exchange rates set for International Money Transfer Operators (IMTOs). Following a circular addressing ...
The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued ...
The World Bank has forecasted a 3.7% growth in Nigeria's Gross Domestic Product (GDP) in 2025. According to the report titled "Global Economic Prospect: Subdued Growth, Multiple Challenges," the projection ...
Dangote Cement Plc achieved a significant milestone today as its shares soared by 9.99%, closing at N592.60 per share and propelling its market capitalization to a historic N10.095 trillion. This ...
The Minister of Budget and Economic Planning, Atiku Bagudu, has said he expects the exchange rate to improve following the ongoing exchange reforms of President Bola Tinubu and the Central ...
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