The drop in global crude oil inventories has started impacting oil prices as demand outweighs supply cuts from OPEC leader Saudi Arabia to provide support for...
As of July 31st, 2023, the dollar to naira exchange rate is 1 USD to 868 NGN at the black market. This means that for every...
The Nigerian Naira has once again found itself in the midst of a foreign exchange (FX) market storm as renewed demand pressure caused ripples of concern...
Central Bank Policy Expectations and Economic Resilience Fuel Investors' Optimism
As of July 27th, 2023, the dollar to naira exchange rate is 1 USD to 865 NGN at the black market. This means that for every...
Brent Crude Stalls Near $82.72 as Traders Await US Fed's Interest Rate Clue
The Central Bank of Nigeria‘s Monetary Policy Committee (MPC) has hiked interest rate by 25 basis points from 18.5% to 18.75% on Tuesday. The announcement was...
Otedola's Appointment Subject to Shareholder Approval at Upcoming AGM; Bank Seeks Capital Raise through Rights Issue
Signs of tighter supplies and Chinese economic support buoy oil prices, while Western data adds to uncertainty
Central Bank Faces Challenges as Naira Hits 876/$ in Parallel Market