Naira Rises by 4.55% after CBN Clears Outstanding FX Backlog Following the Central Bank of Nigeria's (CBN) clearance of outstanding foreign exchange orders, the naira has appreciated by 4.55% to N1,492.61 per dollar. This marks a significant strengthening of the currency on the Nigerian Autonomous...

NGX Trading Falls as Investors Lose N468.4bn in Three Days Investors trading on the stock market segment of the Nigerian Exchange Limited (NGX) lost an estimated N468.4 billion of their investment in three-day as profit-taking persisted in fundamental stocks. As profit-taking persisted, the overall market capitalisation...

NGX Trading Falls as Investors Lose N468.4bn in Three Days Investors trading on the stock market segment of the Nigerian Exchange Limited (NGX) lost an estimated N468.4 billion of their investment in three-day as profit-taking persisted in fundamental stocks. As profit-taking persisted, the overall market capitalisation...

MMA Customs Rakes in N28bn Revenue in Two Months The Nigeria Customs Service, Murtala Muhammed Airport Command said it raked in N28bn as revenue between January and February. This was disclosed in a statement on Wednesday by the Public Relations Officer of the command, Victor Ogagbor. The...

FG's N32bn Meter Fund Stuck in Private Account for 20 Years, Says Adelabu The Minister of Power, Adebayo Adelabu, alleged that a private company held on to N32bn paid into it's account 2003 for the supply of three million prepaid meters in 2003. According to a...

MPC Warns against Excess Cash as COB Rises 314% to N3.28tn in 2024 Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. They stated that currency outside banks grew...