ADVERTISEMENT ADVERTISEMENT Experts have called on the Central Bank of Nigeria (CBN) to halt its consistent interest rate hikes, citing the adverse effects on small businesses...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria, CBN has increased interest rate to 27%. This followed the meeting of the Monetary Policy Committee (MPC) of the...
ADVERTISEMENT ADVERTISEMENT By Francesca Hangeior The Monetary Policy Committee of the Central Bank of Nigeria has raised the country’s interest rate by 25 basis points to...
ADVERTISEMENT ADVERTISEMENT The Naira on Monday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend. Similarly, the Naira depreciated to...
ADVERTISEMENT ADVERTISEMENT The Nigerian National Petroleum Company Limited has requested an additional subsidy refund of N1.19 trillion for July 2024, citing exchange rate differentials on Premium...
ADVERTISEMENT ADVERTISEMENT The naira crashed against the dollar at both official and parallel foreign exchange markets to begin the week on a negative note. FMDQ data...
ADVERTISEMENT ADVERTISEMENT Nigeria’s Gross Domestic Product (GDP) grew by 3.46% in real terms in 3rd quarter (Q3) of 2024 on a year-on-year basis. This is according...
ADVERTISEMENT ADVERTISEMENT The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has reaffirmed the Federal Government of Nigeria’s commitment to supporting the NNPC...
ADVERTISEMENT ADVERTISEMENT The Federal Government spent $3.58 billion servicing its foreign debt in the first nine months of 2024, representing a 39.77 per cent increase from...
ADVERTISEMENT ADVERTISEMENT Nigeria’s oil importation dropped to $2.79bn from $4.31bn in Q2 of 2024. This amounts to $1.52bn decline or a 35 per cent decline. This...
ADVERTISEMENT ADVERTISEMENT The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative note. FMDQ data showed...
ADVERTISEMENT ADVERTISEMENT The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more...
ADVERTISEMENT ADVERTISEMENT The Nigerian government has approved a N75 billion loan scheme with a nine per cent interest rate for 75,000 Micro, Small, and Medium Enterprises,...
ADVERTISEMENT ADVERTISEMENT Naira appreciated to N1,725 per dollar in the parallel market from N1,735 per dollar last week Friday. But the Naira depreciated to N1,676.9 per...
ADVERTISEMENT ADVERTISEMENT WHEN we look at this month, USD was traded at ₦1740 at the beginning of this November on Friday, November 1, 2024. As at...
ADVERTISEMENT ADVERTISEMENT Polaris Bank’s commitment to digital innovation and excellence has once again been recognized, as the Bank was awarded the prestigious “Best Mobile App” award...
ADVERTISEMENT ADVERTISEMENT Access Holdings Plc, one of Africa’s leading financial institutions, has announced its unaudited results for the third quarter ended September 30, 2024. The financial...
ADVERTISEMENT ADVERTISEMENT Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from...
ADVERTISEMENT ADVERTISEMENT WHEN we look at last month, USD was traded at ₦ at the beginning of last October on Tuesday, October 1, 2024. As at...
ADVERTISEMENT ADVERTISEMENT The federal government has launched an amnesty initiative that allows individuals to deposit foreign currencies into banks without penalties or taxes — provided the...
