Naira Strengthens to N1,540 as Huge FX Auction Eased Volatility The naira exchange rate strengthened to N1,540 against the US dollar in the foreign currency market following huge FX intervention.…
Nigeria’s External Reserves Increase to $37.869 Billion Nigeria’s gross external reserves balance increased to about $37.869 billion amidst sustained foreign currency inflows into the economy, data from the Central Bank…
GCR Affirms AIICO Capital Limited Rating with Stable Outlook GCR Ratings (GCR) has affirmed AIICO Capital Limited’s national scale long- and short-term issuer ratings of A-(NG) and A2 (NG) respectively,…
Ethiopia to Access $345 Million IMF Credit Facility Ethiopian authorities have reached staff-level agreement on economic policies to conclude the first review of the four-year US$ 3.4 billion ECF arrangement…
NGX Maintains Downtrend, Sheds 0.07% The domestic bourse on Friday continued its downtrend with a 0.07 per cent loss, equivalent to N37 billion, driven by sell-offs in Tier-one banking stocks.…
Naira Gains 2.24% Against Dollar at Official Market The Naira on Friday appreciated at the official market, trading at N1,540.78 to the dollar. Data from the official trading platform of…
EFCC Nabs ex-Taraba Gov. Ishaku over Alleged N27bn Fraud The Economic and Financial Crimes Commission (EFCC) has arrested Darius Ishaku, a former governor of Taraba State, over alleged involvement in…
The National Bureau of Statistics (NBS) Consumer Price Index report declared that headline inflation rate dropped by 125bps to eased to 32.15% in August 2024 compared to the July 2024…
Africa is at a crucial inflection point, with the world’s youngest and fastest-growing population, rapidly expanding cities, and a growing embrace of innovation and new technologies. Speaking at the just…
The National Bureau of Statistics (NBS) late Wednesday released Nigeria’s total merchandise trade for Q2-2024 which shows a fall of 3.7% to N31,892.46 billion, representing a decrease of 3.76% over…