The value of foreign exchange inflows to the economy through the International Money Transfer Operators (IMTOs) rose sharply in 12 months to $4.76 billion, the Central Bank of Nigeria (CBN) quarterly statistical bulletin has shown.
Naira Holds Firm Against Dollar in Black Market
‎The naira remained stable against the US dollar in the parallel market on Monday.
‎A source at the Abuja black market told Economic Confidential that as of May 26, the naira traded at ₦1,610/$1 for buying and ₦1,617/$1...
The Securities and Exchange Commission (SEC) says listed companies declared dividends totalling N1.1 trillion to shareholders in 2024, and N1 trillion of that amount has already been paid.
The World Bank has revealed that Nigeria was only able to attract foreign direct investment (FDI) valued at less than one per cent of the country’s gross domestic product (GDP) in 2014.
The Federal Ministry of Industry, Trade and Investment, in collaboration with the United Nations Development Programme and Uganda Airlines, has officially launched the Nigeria–East/Southern Africa Air Cargo Corridor—a transformative export initiative under the African Continental Free Trade Area framework.
