As part of moves to strengthen cooperation and promote bilateral trade and investment between their countries, Nigeria and China have renewed their currency swap agreement worth 15 billion Yuan ($2…
The Nigerian Exchange recorded a decline in total transactions in November 2024, dropping by 12.01 per cent to N442.34bn compared to N502.73bn in October 2024. This was disclosed in the…
The total foreign exchange market turnover increased to $14.39 billion (N23.95 trillion) at the end of November 2024. This is according to the FMDQ Markets Monthly Report obtained recently by…
In a bid to make borrowing less burdensome and more affordable to very poor and vulnerable countries, the World Bank has announced the scrapping of several loan fees, even as…
The All Share Index (NGX ASI) gained by 227.06 basis points or 0.22 per cent to close at 101,356.15 basis points, with the Month-to-Date and Year-to-Date returns settled at +…
The Central Bank of Nigeria and the Nigerian Communications Commission have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary…
Following macro economic challenges in Nigeria and across the globe, which impacted on companies’ performance, a total of 12 banks quoted on the Nigerian Exchange Limited (NGX) reported N5.18 trillion…
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year dropped by 2.97 percent to $14.46 billion from $14.89 billion in the preceding quarter.…
The minimum pump price of petrol has not responded to the latest Dangote Petroleum Refinery ex-pot price slash of Premium Motor Spirit, PMS, also known as petrol to N899.50 per…
Nigerian businesses, while expressing optimism about the macroeconomic environment, have projected further depreciation of the naira this month and the first three months of 2025. The Central Bank of…
