The Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 400 basis points to a record 22.75%. The decision made by the Monetary...
The Central Bank of Nigeria (CBN) has initiated a significant intervention by allocating $20,000 to each eligible Bureau De Change (BDC) operator across the country. This...
Oil prices surged as Brent crude oil approached the $83 price level while West Texas Intermediate (WTI) neared $78 as refineries in the United States and...
Bitcoin surged past the $57,000 price level to reach levels last seen in late 2021. This rally has been largely fueled by increased institutional investments and...
As of February 27th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,530 NGN in the black...
After two decades of anticipation, President Bola Tinubu, through his representative Vice President Kashim Shettima, inaugurated the long-awaited Geometric Power Plant in Aba, a significant milestone...
In a bid to mitigate the continuous depreciation of the naira against the dollar, the Central Bank of Nigeria (CBN) has injected over $300 million into...
The Nigerian Monetary Policy Committee (MPC) is gearing up for a crucial meeting to discuss potential measures to address the country’s economic challenges, including rising inflation...
FBN Holdings has emerged as Nigeria’s most valuable bank, surpassing Guaranty Trust Holding Company (GTCO) and Zenith Bank in terms of market capitalization. At the close...
The Nigerian Exchange (NGX) opened the week in the red as Nestle Plc, Eterna, and Fidson Healthcare Plc closed lower to wipe out a combined N51...
