Finance & Economy
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The Nigerian Exchange market experienced its highest single-day dip in January, shedding about N1.07tn on Wednesday.
Sell-offs dragged that market to its third decline this year after enjoying a bullish trend for the better part of…
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CBN orders banks to sell excess dollars in 24 hours
Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise…
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CBN removes exchange rate cap for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted…
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Naira falls to record low of N1,482.57/$1 at the official market
Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following strong demand on the…
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Naira depreciation threatens 2023 dividends for companies with foreign liabilities- Operators
Some capital market operators have cautioned that quoted companies burdened with foreign liabilities or heavily dependent on imported inputs could…
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Nigeria’s pension industry gains N3.36 trillion in 2023, fastest growth on record
Nigeria’s total pension asset gained a remarkable N3.36 trillion in 2023, closing the year at a record high of N18.36…
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Naira further tumbled against the dollar
The domestic currency depreciated 2.12% to close at N900.96 to a dollar at the close of business, based on data…
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Cardoso says the naira is undervalued
Says CBN to work towards genuine price discovery Governor of the Central Bank, Mr. Yemi Cardoso has stated that the…
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FAAC: FG, States, LGAs share N1.13 trillion December 2023 revenue
The Federation Account Allocation Committee (FAAC) says it shared N1.13 trillion among the three tiers of government as revenue from…
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Foreign debt service gulps 50% of Nigeria’s official dollar outflows in 2023
Nigeria spent about 50% of its dollar payments to service external debts between January and October 2023, a significant portion…
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