First Bank to Seek Shareholders’ Approval for N300bn Capital Raise   First Bank Holding Plc, one of the nation’s premier commercial banks, will seek shareholders’ approval to raise N300 billion in additional capital at the group’s Extraordinary General Meeting (EGM) scheduled to hold virtually on Tuesday,...

CBN Set to Sell $10,000 to BDCs at N1,101 per Dollar  The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set...

Naira Exchanges for 1245 Against Dollar in Official Window The naira has reached its highest level against the dollar since January 2023, trading at N1,245 to the dollar at the official window. This represents the fourth straight week of gains for the local currency, which has...

Petrol: Oil Marketers Propose N550/litre Price to Dangote AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to...

Crude Oil Price Hits $91 per Barrel  Brent Crude price has surpassed the $90 per barrel threshold and surged past the $91 per barrel mark as of Sunday. Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched...

Nigeria Manufacturing Export Decline by 62% – Report The contribution of the manufacturing sector to Nigeria’s non-oil exports has declined by 62 percent in four yearsas operators battle rising expenses amid high borrowing costs and low consumer spending. Data from the most recent foreign trade report...