Access Bank Acquires National Bank of Kenya (NBK) from KCB Group
KCB Group PLC (KCB Group) and Access Bank PLC (Access Bank) have completed the sale of National Bank of Kenya Limited (NBK) to Access Bank Plc, marking the conclusion of a transaction that...
Naira Gains Against Dollar in Both Official, Parallel Markets
The naira appreciated by ₦5.33 against the US dollar across both the official and parallel markets on Saturday, May 31, reflecting ongoing volatility in Nigeria’s foreign exchange environment.
In the black market, traders in Abuja told Economic...
Naira Falls Against Dollar in Black Market
The naira continued its downward slide against the US dollar in the parallel market on Friday, May 30, highlighting persistent volatility in Nigeria’s foreign exchange landscape.
A source in Abuja’s black market told Economic Confidential that the naira traded...
African Airlines Record 13.6% Jump in Passenger Traffic
The International Air Transport Association (IATA) released data for April 2025 global passenger demand with African airlines recording a 13.6% year-on-year increase in demand.
Capacity was up 8.9% year-on-year. The load factor was 76.3% (+3.1 ppt compared to...
NGX Loses N54bn as Bullish Trading Comes to a Halt
The Nigerian Exchange Limited (NGX) lost N54bn in market capitalisation at the close of trading on Thursday, 29 May 2025, ending its recent bullish streak despite a positive breadth with 41 gainers against 24 losers.
Market...
Tinubu Orders Reduction in Oil Project Costs
President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector.
In a statement issued on Thursday by the Office of the Special...
