Finance & Economy
-
Record-Breaking Day: ASI 100,000 surge fuelling N420 billion gain in equity
The NSE’s NGX All-Share Index (ASI) rose by 743.66 points to hit a new high of 100,335.3 points, a level…
Read More » -
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…
Read More » -
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…
Read More » -
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)…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
CBN Raises MPR to 22.75% and CRR to 45% Post February 2024 MPC Meeting
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has today concluded its two-day meeting for February 2024. This meeting marks…
Read More » -
FBNH is now most capitalized banking stock in Nigeria, topples GTCO
Nigeria’s oldest bank, FBN Holdings became the most capitalized bank in Nigeria at the close of trading on Monday 25th…
Read More » -
Nigeria’s foreign capital from US investors falls by 88% in Q4 2023
In an unexpected turn of events, sharply contrasting with prior optimistic outlooks on US-Nigeria economic relations, Nigeria observed a dramatic…
Read More »