Economy

The Nigerian currency, naira, at the black market dropped to its lowest level in nearly eight weeks despite the dollar nosediving at four-month lows as currency traders were positioned for deeper-than-expected interest rate cuts by the…

The Central Bank of Nigeria, CBN, has reassured Nigerians of enough Naira notes in circulation, to carter for their cash needs.CBN’s Acting Director, Corporate Communications, Hakama Ali, gave the assurance in a statement on Wednesday.…

The Central Bank of Nigeria, has assured the banking public that Nigerian banks are buoyant.The apex bank said this in a statement issued by its Acting Director, Corporate Communications, Hakama Sidi Ali.Ali’s statement was informed…

Fidelity Bank has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results.According to a ThisDay report, Fidelity bank, one of the leading financial institution in Nigeria, reported a capital base of…

The much talked about $19 billion Dangote Refinery located in Lagos State on Thursday, received its first tanker of crude oil feedstock volume of about one million barrels from the Nigerian National Petroleum Company Limited (NNPC).The…

Trading activities on equity market of the Nigerian Exchange Ltd. (NGX) ended lower on Thursday, reversing some of the gains recorded Wednesday, due to sell-off in Tier-one bank shares.Specifically, the market capitalisation decreased…

The Debt Management Office, DMO, on Monday, offered two Federal Government of Nigeria, FGN, savings bonds for subscription at N1,000 per unit.The first offer is a two-year FGN savings bond due on December 13, 2025, at an interest rate…

The Presidential Candidate of the Labour Party in the 2023 Election, Mr. Peter Obi has admonished Nigeria to strive to compete with China in the area of production and not on the size of delegations to a specialized conference of experts.…

President Bola Tinubu-led administration appears to be in the eye of the storm after it was revealed that over 1,411 delegates from Nigeria are currently in Dubai for Climate Change Conference (COP28).COP28 which commenced on Thursday…

The Central Bank of Nigeria (CBN) said accounts without a bank verification number (BVN) or national identification number (NIN) will be restricted from April 2024.In a circular released on Friday, December 01, 2023, the apex bank…