Nigerian Exchange Witnesses Persistent Sell-offs; Investors Lose N720bn
Wednesday’s trading session on the Nigerian Exchange marked the third consecutive day of bearish trends, causing a significant loss of […]
Business
Cryptocurrency: Nigerian Govt Detains 2 Binance Executives Amidst Crackdown
The Nigerian government has reportedly detained two senior executives of Binance, a cryptocurrency exchange, as part of its efforts to
Naira Appreciates To N1,609/$1 At Official Market Amidst CBN Guidelines
The Nigerian Naira saw a modest appreciation against the US dollar on Wednesday, climbing to N1,609 from N1,615.94 the previous
Subsidy Removal Spurs 50% Drop in Petrol Imports, says Nigerian Govt
The Nigerian government has revealed a significant decline in petrol imports since the removal of subsidy on the commodity, indicating
Equity Market: Investors Lose N773bn Amidst Monetary Policies
In the ever-shifting landscape of Nigeria’s financial markets, the Nigerian Exchange (NGX) witnessed a downturn in its equity market on
Why I Removed Fuel Subsidy- Tinubu Begs Nigerians For Patience
President Bola Tinubu has shed light on the rationale behind the removal of fuel subsidy, emphasizing the need for transparency
CBN Reverses Forex Sale To BDC Operators after 3 Years Amidst Economic Concerns
In a turn of events, the Central Bank of Nigeria (CBN) has decided to resume the sale of foreign exchange
Naira Gains As CBN Sells $300m To Banks
In a bid to stabilize the fluctuating naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300
Forex Crisis Threatens Operations of Nigerian Modular Refineries
Modular refineries in Nigeria are facing a critical challenge due to the ongoing forex crisis, which threatens to halt their
NLC Protest: Presidency Issues Warning, Civil Society Groups Pull Out
The Nigeria Labour Congress (NLC) has faced a stern warning from the Presidency against its scheduled nationwide protest over the