Naira Gains at Parallel Market, Sells for N1,250 per Dollar On Monday, the naira appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market. The FX rate is a 0.43 percent increase from the N1,280 recorded on March 29. Currency traders in...

Dangote, BUA, Lafarge Gain N7.921trn in 2024 Q1 In the first quarter of 2024, the market value of Nigeria's three largest cement companies - Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc - has risen by N7.921 trillion. This was according to the trading...

Recapitalization: Banks Expected to Seek Capital Infusion from Stock Market – Senator Senator Osita Izunaso has said that banks are expected to approach the stock market to raise capital in order to meet the new minimum capital requirements set by the Central Bank of Nigeria...

Recapitalization: Banks Expected to Seek Capital Infusion from Stock Market – Senator Senator Osita Izunaso has said that banks are expected to approach the stock market to raise capital in order to meet the new minimum capital requirements set by the Central Bank of Nigeria...

CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar. According to the apex bank, the inflow into the economy over...

CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar. According to the apex bank, the inflow into the economy over...