Month: July 2025

Euro Declines Sharply after Trade Deal, Dollar Rally The euro extended its decline to $1.14—the lowest level since mid-June—under pressure from a stronger dollar, as traders reacted to the Fed’s…

Federal Government Increases Scholarship Grants by 50% The Federal Government has approved a 50 per cent increase in scholarship grants across all academic levels as part of a major overhaul…

US Fed Keeps Rates Unchanged, Two Voted Against Decision The United States (U.S.) Federal Reserve maintained a decision to keep fed fund rates tight at 4.25 and 4.50% at its…

Naira Drops Against Dollar, Zero Spread Deletes Speculation The Nigerian naira dropped against the US dollar at the Nigerian Foreign Exchange Market (NFEM) as demand for foreign payments increased marginally.…

NGX Hits N88trn as Earnings, Interim Dividend Fuel Rally The Nigerian Exchange (NGX) market capitalisation hit a new all-time high of N88 trillion on Wednesday amidst ongoing earnings and the…

FirstHoldco Profit Plunges as Credit Impairment Charge Spikes FirstHoldco Plc reported a sharp decline in profitability in the first half of 2025 as the financial service company struggled with asset…

CBN Says Early Exit Package Not Targeted at Northerners The Central Bank of Nigeria (CBN) has reiterated that its Early Exit Package (EEP) implemented in 2024 was entirely voluntary and…

Coca-Cola Sells Chi Limited to UAC of Nigeria The Coca-Cola Company has announced the sale of Chivita|Hollandia (CHI Ltd.) to UAC of Nigeria Plc for an undisclosed amount. Head of…

NGX Index Rises Sharply on Earnings-Fueled Intraday Rally The Nigerian Exchange (NGX) All Share Index (ASI) has seen significant gain during an intraday rally on Wednesday, with second quarter of…

US 10-Year Yield Seats at 4.33% Ahead Fed Rate Decision The yield on the 10-year US Treasury note sits at 4.33% on Wednesday following a sharp drop in the previous…