At the last meeting in September, the monetary authorities extended the bench- mark rate to 27.25%, a new record ...

Exporters under the auspices of the Association of West African Exporters and Maritime Professionals have said that in the ...

Owing to liquidity challenge, Nigerian DMBs have made the largest single withdrawal of N1.2 trillion from the CBN Standing Lending Facility ...

Nigeria’s foreign exchange reserves have depleted by $1.38billion since this year, reaching $39.497billion as at February ...

Following the depreciation of the Nigerian currency, the Central Bank of Nigeria (CBN) has adjusted the exchange rate for ...

According to the EFCC, between 2021 and 2022, the defendants failed to obtain a valid licence from the Central Bank of Nigeria (CBN) before engaging in investment management activities involving one ...

Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity ...

Fidelity Bank Plc has announced the result of its recent offer for subscription of 10 billion Ordinary Shares at N9.75 per share. The ...

Exporters under the aegis of the Association of West African Exporters and Maritime Professionals (AWAEMAP) have decried massive losses exceeding $10 million due to the Nigerian Ports Authority’s (NPA ...

Consequently, the margin between the parallel market and NFEM rate widened to N57.5 per dollar from 88 kobo per dollar on ...

The Nigerian naira showed significant stability in the first week of February 2025, trading below N1,555/$1 in the parallel market, ...

The TUC said the fall in the country's currency against the dollar is the reason for Nigeria's high cost of living.