The Senate has threatened to involve the Economic and Financial Crimes Commission (EFCC) in recovering the Central Bank of Nigeria's intervention loan of N135 billion that was given to 15 oil and gas ...
The Nigerian Naira traded 1,000/$ for the second time in 2024 on the official foreign exchange (FX) market.On Tuesday, the Naira fell to 1,089.51/$ from how it traded the previous day, which was 856.5...
The FMDQ Securities Exchange Limited has recently approved Chapel Hill Denham Nigeria Infrastructure Debt Fund (NDIF) Series 9 to list on its platform. This was done at a nominal value of N100 each. A...
The Federal Operations Unit (FOU), Zone A, of the Nigerian Customs Service recently reported that it has recovered N83.14 million from importers who paid lower Customs Duty to the federal government a...
On Monday, the Nigerian Senate through its Committee on Finance, announced that it was disappointed at the N17 trillion loss suffered by the country on tax waivers for the past five (5) years.The Sena...
The Abuja Electricity Distribution Company (AEDC) recently announced that it will disconnect the electricity supply to the Presidential Villa, including 86 other Ministries, Departments and Agencies (...
The naira has been continually gaining little by little against the dollar at the official market. On Wednesday, the naira finished more robustly at the Nigerian Autonomous Foreign Exchange Market (NA...
After a mixed trading session last week, market analysts at the Nigerian capital market have still come to say that investors at the NGX should expect a bearish run, which will involve more portfolio ...
It has been announced that foreign investors have committed $822.6 million to the country’s economy through the Nigerian Autonomous Foreign Exchange Market (NAFEM) window.Last weekend, Afrinvest Wes...
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 ...