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Finance & Economy
U.S dollar set for first weekly fall in 2024 while naira shows momentum
The U.S. dollar index was on track for its first weekly fall in 2024 while the naira appreciated at the…
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Finance & Economy
Foreign investors still wary as Cardoso pitches for hot money inflows
Data from the Nigerian Exchange (NGX) reveals that foreign participation in the Nigerian equities market dropped to 8.15% in January…
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Finance & Economy
Currency in Circulation up 163% YoY Reaching N3.65trn as of January 2024
Money Supply statistics from the Central Bank of Nigeria (CBN) as of January 2024 revealed that currency in circulation (CIC)…
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Finance & Economy
Extending Beyond Wall Street: Abuse of Shareholder Jets by African Bank Executives
While most of the spotlight remains on North American and European financial giants, executives at leading African banks and funds…
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Finance & Economy
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial…
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News
MTN Nigeria incurs N740 billion in forex losses, shareholders funds wiped out
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion…
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News
Dangote Cement Hits N11trn Market CAP; Airtel, Others Retain N1trn Market CAP
The number of quoted companies with over N1trn market capitalisation on the NGX stood at ten (10) as of…
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News
N10bn Money Laundering: Court Upholds EFCC’s Amended Charges Against Ex-Gov Bello’s Nephew, Other
Justice James Omotosho of the Federal High Court sitting in Abuja on February 23, 2024 overruled a motion on notice…
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Finance & Economy
Binance disables the naira feature on its P2P market
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users. Known…
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News
Two senior executives at Binance have been detained in Nigeria.
According to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives were seized. FT…
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