Records show that Nigerian banks have borrowed N12 trillion from the Central Bank of Nigeria (CBN) in the past eight months. The CBN data showed that money borrowed from the apex bank from January to ...
The Nigerian Stock Exchange (NGX) All-Share Index gained 29.52% to close at 66,382.14 index points in Q3 2023. This growth has pushed the market to its 15-year high based on strong positive sentiments...
The leading infrastructure solutions provider on the continent, Africa Finance Corporation (AFC), earlier signed a $300 million loan facility agreement with the Export-Import Bank of China (CEXIM). Th...
Streaming giant companies have come together to form a new trade group called the Streaming Innovation Alliance (SIA). This unity gives Netflix, Disney, Warner Bros., Discovery, Paramount, and other p...
A recent development shows that the Federal Government of Nigeria and the Ministry of Communications, Innovation, and Digital Economy are teaming up to collaborate with the Nigerian Exchange Limited (...
The naira on Thursday depreciated to its worst ever since the negative trend began. At the parallel market, it reads 1,050/$ due to the shifting of the CBN Monetary Policy Committee meeting.On Wednesd...
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 African Petroleum Producers Organisation (APPO) recently announced that it has decided to give funding of five billion dollars to the development of an African Energy Bank (AEB) to develop all oil...
In a recent virtual meeting with Israeli Prime Minister, Benjamin Netanyahu, the CEO of “X,” formally known as Twitter Elon Musk, discussed the plans for the social media platform moving forward.M...
After the close of Thursday's market yesterday, the Nigerian Exchange (NGX) signaled a negative trend as investors took profits from Wednesday's gain.The All-Share Index (ASI) traded as low as -0.06% ...