The Central Bank of Nigeria, CBN has increased interest rate to 27%. This followed the meeting of the Monetary Policy Committee (MPC) of the Central Bank...
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 27.50 per...
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 N1,675.62 per...
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 Motor Spirit...
The naira crashed against the dollar at both official and parallel foreign exchange markets to begin the week on a negative note. FMDQ data showed that...
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 to a...
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 Limited/FIRST Exploration;...
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 the $2.56bn...
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 development was...
The Naira depreciated against the dollar on Friday at the foreign exchange market to end the week on a negative note. FMDQ data showed that the...
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 reductions. As...
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, MSMEs, across...
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 dollar in...
WHEN we look at this month, USD was traded at ₦1740 at the beginning of this November on Friday, November 1, 2024. As at today with...
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 for its...
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 results highlight...
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 N1.33 trillion...
WHEN we look at last month, USD was traded at ₦ at the beginning of last October on Tuesday, October 1, 2024. As at today with...
The federal government has launched an amnesty initiative that allows individuals to deposit foreign currencies into banks without penalties or taxes — provided the funds are...
The black market exchange rate for the dollar to naira, also known as the parallel market (Aboki fx), is updated today. As of October 31, 2024,...
