There has been a groaning inflation in the cost of food, building materials and transportation in recent years since the regime of President Muhammadu Buhari. Nigerians are seeking out different ...
According to a cross-section of dealers who claimed to have traded on Saturday, November 5, 2022, the exchange rate between the naira and the dollar sold for N900/$1. This is ...
Stakeholders in the nation’s financial service sector have stated that Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude ...
The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report, presented by Deputy ...
Investors in stock market of the Nigerian Exchange Limited (NGX) lost an average N2.57 trillion in the October 2022 as escalated global energy and commodity crises triggered massive portfolio realignments. ...
Reports suggest that the naira-dollar exchange rate fell to N800/$1 on Monday at the fx black market, despite some outlets reporting an exchange rate of N865/$1. Although Entrepreneurng cannot confirm ...
The Central Bank of Nigeria (CBN) raised the benchmark interest rate by 150 basis points (bps) to 15.5% on Tuesday, September 27, 2022, marking the third straight rate increase this ...
Seplat Energy Plc has received ministerial approval to acquire Exxon Mobil's Nigerian oil assets for $1.28 billion. Exxon Mobil is finally selling its Nigerian unit to Seplat Energy for $1.28 ...
Nigerian banks operating environments could deteriorate in 2022–2023 as adverse global economic conditions feed through to the local economy, Fitch Ratings says in a new report. Soaring inflation led the ...
KuCoin, a leading cryptocurrency exchange, has released a new report covering cryptocurrency and blockchain adoption in Nigeria. The report revealed that Nigerians are embracing cryptocurrencies by virtue of having limited ...
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