Naira Plunges to 7-Month Low in Parallel Market
The Nigerian Naira ended September 2024 in a poor state, reaching its lowest point in seven months in the parallel ...
Tag: Finance
Nigeria’s Economic Growth: The Sleeping Giant That Needs to Wake Up
Nigeria, the most populated country in Africa, has a lot of resources but is still trying to succeed in the ...
CBN Reports Significant Increase In Government Credit For August
The Central Bank of Nigeria (CBN) has reported a big rise in loans to the Federal Government. In August, these ...
Customers Blame First Bank for Frequent Debits
Several First Bank Plc clients have gone to social media to criticise the bank for what they see as needless ...
The Monetary Policy Rate Hike: A Double-Edged Sword for Nigeria’s Stock Market
The inflation and MPR stance of the monetary authority indicate that the stock market of Nigeria is walking on a ...
Hamster Kombat Controversy: Nigerians Express Outrage Over Meager Payouts
Disappointment pervades the Nigerian population, stemming from the Hamster Kombat rewards program, which everyone looked forward to but ultimately proved ...
Fidelity Bank Shares Surge 38% Month-To- Date, Hit N17.95 High
On Wednesday, Fidelity Bank Plc's share price peaked at N17.95 during trading session, showing a sustained upward trend, and strong ...
Naira Plunges N95.83 After Central Bank Raises Interest Rate
Nigeria's currency, the naira, dramatically declined yesterday by N95.83 on its official foreign exchange market, as the Central Bank of ...
Nigeria’s Unemployment Rate Rises to 5.3% in Q1 2024
As reported by the National Bureau of Statistics (NBS), unemployment in Q1 2024, Nigeria's unemployment rate rose to 5.3%, up ...
The Alarming Truth About Foreign Aid in Nigeria
The most populous nation in Africa, Nigeria, has been overly reliant on foreign assistance. It has been decades of relying ...
Nigeria Set to Secure World Bank Approval for $1.5 Billion Loan Projects
Nigeria is nearing approval from the World Bank for three strategic loan schemes totaling $1.5 billion, designed to enhance the ...
National Pension Commission Reports Significant Growth In Pension Contribution
National Pension Commission (PenCom)'s report, "20 Years of Pension Reform: Gains, Challenges, Prospects," reveals significant growth in public and private ...
Access Holdings Announces Impressive Half-Year Financials, Profit Soars 108%
Access Holdings reported impressive mid-year financial results for June 30, 2024, marked by a pre-tax profit of N348.9 billion. This ...
Monetary Policy Committee To Meet Amidst Anticipation Of Rate Pause
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria will hold its meeting on Monday and Tuesday, September ...
Nigeria Records $2.35 Billion Monthly Net Inflow Into Foreign Reserve
According to Nigeria's Finance Minister and Coordinating Minister for Economy, Mr. Wale Edun, the country's foreign reserves increased significantly with ...
