Naira Weakens Against Dollar Across Markets on Dec 19 The naira depreciated against the U.S. dollar on Friday, December 19, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the...

CBN Explains Revocation of Aso Savings, Union Homes’ Licences The Central Bank of Nigeria (CBN) has explained the reasons behind the revocation of the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. The apex...

Pension Assets Surge 22% to ₦26.7trn Nigeria’s pension industry recorded a sharp expansion over the past year, with total assets under management rising by 22 percent to N26.7 trillion at the end of October. The expansion was driven by strong market...

Investors Gain N13bn on Customers, Industrial Rally The Nigerian Stock Exchange gained N13bn at the close of trading on Tuesday, driven by performances in consumer and industrial stocks. The market capitalisation of the exchange now stands at N95.3tn. The All-Share Index inched...

‎Dangote Allegations: NMDPRA Boss Denies Authoring Public Response ‎The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has disowned a statement circulating in his name purporting to respond to allegations made by President...

FG Secures N596bn from Medium-term Bond Sales The Federal Government of Nigeria has issued N596bn in medium-term bonds, comprising a five-year 17.945 per cent FGN bond maturing in August 2030 and a seven-year 17.95 per cent FGN bond maturing in...