Finance & Economy
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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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Nigeria’s Naira Falls to Record Low in Parallel Market
Nigeria’s Naira Falls to Record Low in Parallel Market Drop fueled by increased demand for dollars “While we’re still fine-tuning…
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Nigeria Braces for Jumbo Rate Hike at First Meeting Since July
Rate increase of up to 500 bps seen at Feb. 26-27 gathering Cardoso expected to clarify central bank’s position on…
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FX: LCCI Tasks CBN On Building Market Confidence Around Free Pricing
The Lagos Chamber of Commerce and Industry, LCCI, has tasked the Central Bank of Nigeria, CBN, to build market confidence…
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Addressing Nigeria’s Forex Liquidity Challenge
Postscript by Waziri Adio Nigeria has a foreign exchange liquidity challenge crying for urgent, nuanced and sustainable solutions. To be…
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