The Nigerian Exchange Group (NGX) has relieved some staff members of their jobs days after its annual general meeting (AGM) which was held in Lagos. Multiple...
Story Highlights The Nigerian Exchange Group (NGX) conducted a significant downsizing shortly after its annual general meeting in Lagos, officially terminating 25 employees, contrary to earlier...
President of the Africa Fintech Network (AFN), Dr. Segun Aina, has said that some of the regulatory issues facing fintechs in Nigeria are due to the...
Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. This is...
Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. This is...
The Debt Management Office (DMO) has opened the subscription offer for May FGN savings bonds, priced at N1,000 per unit. The two-year savings bond maturing on...
Data from the National Pension Commission (PenCom) have revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended 31st March 2024. This...
In Lagos, Nigeria’s economic capital and most populous state, residents are grappling with a significant housing crisis. The city, known for its robust economy and high...
“Anybody still in the bread-making business is doing so because he cannot find any other thing to do and wants to save capital. There is no...
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) bank swaps. This disclosure underscores ongoing...
Nigerians have increased their hoarding of cash, with as much as 94% of the currency in circulation held outside banks by March 2024. An analysis of...
The exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from N1,373.64/$ at the beginning of the...
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. Effective immediately, the new...
Amid the vibrant hustle at Iwo Road, Ibadan, 25-year-old Temi Okeowo paused at the entrance of a dental clinic, her heart beating with a mix of...
The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty...
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion in the 2023 financial year. This...
Multichoice Nigeria recently announced another price increase on its DStv and GOtv packages, marking a third time in the last 12 months. While many Nigerians are...
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate...
MTN Nigeria experienced significant financial strain due to a continued depreciation of the naira, reporting a net foreign exchange loss of N656.3 billion in Q1 2024,...
In a world where establishing and maintaining a billion-dollar fortune is a daunting challenge, Africa stands out as a unique arena. We look into the...
Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria (CBN)’s recapitalization requirements. Despite the CBN’s...
For working-class Nigerians, surviving the monthly onslaught of inflation is tough. Before the International Labor Organization’s new definition of unemployment, Nigeria’s unemployed constituted nearly 40% of...
This year, about 2,781 billionaires are scattered across the globe, yet they are residentially clustered within a handful of select cities. According to Forbes’ latest World’s...
This year, about 2,781 billionaires are scattered across the globe, yet they are residentially clustered within a handful of select cities. According to Forbes’ latest World’s...
Foreign portfolio inflows into Nigeria’s Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period...
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of...
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery. The...
Energy and other commodity prices are projected to become significant deflationary factors in the forthcoming years, according to the World Bank. This trend may pose challenges...
The latest data from the Central Bank of Nigeria (CBN) reveals the extent of the dollar supply shortage as Nigerians grapple with one of the worst...
The Central Bank of Nigeria (CBN) conducted a successful treasury bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities....
The Central Bank of Nigeria (CBN) conducted a successful treasury bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities....
Amid the rising food inflation in Nigeria, rice prices are dropping in major markets, falling by 20-30 percent within two months. This is a relief for...
Nigeria incurred a debt service of $3.5 billion for its external loans in the fiscal year ended 2023 according to data from the Central Bank of...
Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop when compared to the corresponding quarter...