Capital Importation Drops 73% to $230m in 2023 - Report Capital imported into Nigeria fell month-on-month (MoM) by 73 percent to $230 million in July 2023 from $390 million in June 2023. The Central Bank of Nigeria, CBN, disclosed this in its Monthly Economic Report for...

NGX Down by 0.66%, Falls to N259bn over BUA Cement, Lafarge Loss Losses recorded in the equities of some medium-cap companies dragged the market capitalisation of the Nigerian Exchange Limited to a loss of N259bn on Monday. Atop the losers’ chart was BUA Cement whose shares...

US Group Decries Human Rights violation in Emefiele's Trial The Conference of Nigerian Intellectuals in the United States has alleged human rights violations in the ongoing trial of the former Governor of the Central Bank of Nigeria, Mr Godwin Emefiele in Nigeria. The group led by...

Nigeria’s Total FX Inflows Increase by 15.6%, Hit $1.43bn in November   The Central Bank of Nigeria’s (CBN) initiatives at increasing FX supply got a huge boost as data obtained from FMDQ at the weekend, revealed that total inflows into the Nigerian Autonomous Foreign Exchange Market...

Certified PR Practitioner, Hakama Sidi Ali, Emerges CBN Spokesperson   The Central Bank of Nigeria (CBN) has appointed a professional Public Relations practitioner, Mrs Hakama Sidi Ali, as its new Acting Director of Corporate Communications. Mrs Ali is a recognised member of the Nigeria Institute of Public...

Gas Production Declines Despite FG’s N250bn Intervention Fund to 15 Companies - Report The Energy Institute report has revealed that the production of natural gas fell last year despite an N250bn intervention fund provided to fifteen companies. According to the industry report in partnership with KPMG,...