Bloomberg reports that Nigeria's Finance Minister, Olawale Edun, announced that the fall in the naira was because of the overdue forward payments in the foreign exchange, which totaled $6.8 billion.&n...
The newly appointed Acting Chairman of the Federal Inland Revenue Service (FIRS), Zach Adedeji, said on Monday that it would work on generating an 18% tax-to-GDP ratio in the next three years.He took ...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
On Wednesday, Fidelity Bank announced to the public that they had completed the 100% acquisition of Union Bank UK, a subsidiary of Union Bank Plc.Fidelity Bank, which is known as a tier-2 financial in...
On Wednesday, Naira depreciated against the dollar both at the official and parallel market in the foreign exchange (FX) market. The devaluation was a result of the high demand for the dollar.The nair...
The latest discovery on the Nigerian economy shows that the price of Bonny Light crude oil increased to $92.79 per barrel, which was a significant increase from the $90.88 per barrel recorded last Tue...
Last week, the industrial products index fell by 0.5% after the sector fell on the losers chart. Price depreciation in CAP (-2.2%) was the major cause of the decline witnessed by the sector.Eterna Plc...
To be a successful investor in Nigeria, you’ll need to keep an eye on updates concerning firms that reward shareholders with dividends–this will make you calculate the profit and loss at your end ...
Nigeria's startup industry has been increasing due to technological advancement—these tech companies revolve around health, finance, education, etc. Today, Investingport will bring you the 6 mo...
The election which placed Bola Ahmed Tinubu as the President of Nigeria has been the most controversial election since the inception of democratic rule. However, after the declaration of the winner, o...