The Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 200 basis points to 24.75%. This was made at the recent Monetary Policy Committee (MPC).This was made during the Tuesday ...
TotalEnergies Marketing Nigeria Plc recently announced that for FY 2023, it will distribute a total of N8.49 billion to its shareholders as a dividend at a rate of N25 per share.This was stated in the...
On Tuesday, the Tin-Can Island command of the Nigeria Customs Service (NCS) revealed that it has generated N716 billion from goods that will be imported into the country in 2023. Breaking down the ear...
On Wednesday, the Central Bank of Nigeria (CBN) announced that it had successfully distributed $2 billion across key sectors, including aviation, manufacturing, and petroleum, to settle the backlog of...
Nigerian stocks continue in their bullish run this week as they finished yesterday on the green side after gaining N1.62 trillion, which signifies a 3% increase to close at N55.58 trillion. The previo...
Elon Musk, the owner of X, formerly known as Twitter, recently revealed that all users who subscribe to its premium version of the social network will soon be able to access Grok. Grok, a chatbot deve...
The Nigerian foreign exchange (FX) market saw a massive fall in Naira's value, which traded at its highest to reach N1,399/$ at the official market on Thursday.Data from the Financial Markets Dealers ...
The Central Bank of Nigeria (CBN) today imposed a limit on how much local banks can hold in foreign currencies. It expressed concern about the increase of forex exposures on its balance sheet followin...
In Q4 2023, it was gathered that Nigeria's public debt stock rose from N87.38 trillion (US$113.42 billion) in Q3 2023 to N97.34 trillion (108.23 billion dollars) in the fourth quarter.The National Bur...
Dr. Iziaq Salako, the Minister of State for the Environment, announced that the ministry will begin a regular audit of foreign and domestic oil companies' plans through the National Oil Spill Detectio...