Month: October 2025

British Pound Falls as UK Faces Fiscal Challenges The British pound, or the sterling, fell against the US dollar at forex markets, trading at $1.325, its lowest in three months,…

Money Market Rates Steady, Banks Place N3.1trn with CBN Surplus liquidity conditions in the money market has kept rate pricing in check, trending below the 25% floor, resulting in increased…

Daily FX Rate: Naira Rises to N1,448/$ in Official Market The naira rose against the dollar in the Nigerian Foreign Exchange Market (NFEM) on the back of strong US dollar…

459 Court Cases: Stanbic IBTC Litigation Portfolio Surpasses N520bn Stanbic IBTC Holdings now has more than N552 billion in its liquidation portfolio as the financial institution seeks legal redress in…

Profit-Takings Wipe Off N91bn from Nigerian Stock Market Bearish sentiments persisted on the Nigerian Exchange on Tuesday, causing investors to lose about N91 billion in market value. Selloffs in McNicholas,…

Western Union Moves to Launch Solana-Based Stablecoin The Western Union Company today announced its plan to launch U.S. Dollar Payment Token (USDPT), its new stablecoin, and an innovative Digital Asset…

Nigeria’s Tax Reforms Reshape Fiscal Landscape, Says FIRS Chair The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has said that ongoing tax reforms and amendments to…

Naira Value Improves, Touches N1445 Briefly at Official Window The naira recorded another daily gain against the US dollar in the absence of significant FX pressure at the official currency…

PenCom, ICPC, MoU to Recover Unremitted Pension, Enforce Compliance The Director-General (D-G) of National Pension Commission (PenCom), Mrs Omolola Oloworaran, said the Memorandum of Understanding (MoU) it entered with ICPC…

Equities Investors Lose N91bn, NGX Indicators Decline Equities investors lost about N91 billion on Tuesday as the market showed that the Nigerian Exchange (NGX) indices retreated again. Investors booked another…