Naira falls further to N1,080 against dollar
The naira continued to fall against the dollar on Tuesday, dropping to N1,080/$ in the parallel market. This represents a 4.85% decrease from…
Economy
BDC operators warn currency speculators as naira gains
The Nigerian Association of Bureau de Change Operators has cautioned currency speculators to be cautious as the Naira appreciates further against the…
CBN debunks naira redenomination plans
The Central Bank of Nigeria on Tuesday, refuted claims that it has plan to redenominate or restructure the naira notes in 2024.…
Naira falls to 801.1/$ at official market
The naira fell to the dollar by 1.1 per cent on the Investor & Exporter forex window on Wednesday after closing at…
NGX All-Share Index grows 0.5% as stock market recovers
The All-Share Index increased by 0.5% to reach 67,217.77 points, marking the end of several days of bearish runs and the return of…
Debt service to revenue hits 183% in 2023 Q1 – FG
In the first quarter of 2023, the federal government’s debt service to revenue ratio increased to 183% according to data from the…
FG proposes N26tn expenditure in 2024 budget
The Federal Government has projected N26.01 trillion as expenses for the 2024 fiscal year. The Minister of Budget and National Planning, Abubakar…
Inflation hits 26.72% in September — NBS
The National Bureau of Statistics on Monday announced that inflation surged to 26.72 per cent in September. This is a 0.92 percentage…
Why Nigeria is favourite investment destination after China, India – Edun
The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has declared that after China and India, Nigeria is the…
NIDF Listing: NGX market cap records N92.55bn increase
The Nigerian Infrastructure Development Fund with its Thursday listing, increased the Nigerian Exchange Limited’s market capitalization by N92.55 billion. According to The Punch,…
Nigeria loses $18.6bn in foreign investment over four years – Report
Foreign investment into the biggest economy in Africa fell by $18.6 billion over the course of four years (2019–2022). According to The…
Nigeria has best return on investments, Tinubu tells Indian investors
Kazeem Owoseni President Bola Ahmed Tinubu has commended the new Indian investors who have made pledges to invest about $14…