Goldman Sachs Group Inc.’s trading desk has projected a significant surge in the equity market in early July, driven by a substantial influx of passive cash...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of June 6th, 2024 stood at...
Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred...
Fitch Ratings, the international credit rating agency, has forecasted that Nigeria’s currency, the naira, will stabilize at 1,450 against the United States dollar by the end...
The Nigerian Federal Government announced on Tuesday that it will reduce the importation of Premium Motor Spirit (PMS), commonly known as petrol, by approximately $4.4 billion...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced it will mandate international oil companies (IOCs) to supply crude oil to the Dangote refinery. This intervention...
The Nigerian naira is poised for a period of relative stability in the coming months as pressure from forward central bank foreign exchange (FX) contracts diminishes,...
Senegal has secured $750 million in debt through bond sales as investors’ confidence in the nation’s economy surged. Senegal is the fourth sub-Saharan African nation to...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of June 5th, 2024 stood at...
The Nigeria Deposit Insurance Corporation (NDIC) yesterday announced the commencement of the liquidation of the defunct Heritage Bank Plc, following the revocation of its operating licence...
