In a bid to address the persistent depreciation of the naira against the US dollar, the Central Bank of Nigeria (CBN) has announced the sale of foreign exchange worth $20,000…
In a significant development for Nigeria’s fuel market, the Nigerian National Petroleum Company (NNPC) has released an estimate of the petrol prices that will be charged at its retail stations…
Nigeria has taken a significant step in strengthening its capital market and diversifying funding sources with the successful issuance of its inaugural Domestic Federal Government of Nigeria (FGN) US Dollar…
The Nigerian Naira experienced another setback on Tuesday, September 10, as it depreciated further against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX). The decline, exacerbated…
As of September 9, 2024, the Nigerian Naira (₦) continued its tumultuous journey against major foreign currencies. While the official NAFEM closing rate for the US dollar stood at ₦1,580.46/$,…
In a significant development for Nigeria’s petroleum industry, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalized an agreement between the Nigerian National Petroleum Corporation (NNPC) Limited and…
The Nigerian equity market faced a tumultuous month in August, with investors losing a significant sum of N36.04 billion. This downturn was attributed to multiple dips experienced throughout the month,…
The Federal Government of Nigeria has unveiled a new financial instrument, the Domestic FGN US Dollar Bond, and has outlined the specific requirements for eligible investors. In a bid to…
In many developed economies, capital markets function as the backbone of economic growth, significantly outweighing money markets in both size and influence. Conversely, Nigeria’s capital market represents a mere 13%…
The Securities and Exchange Commission (SEC) is set to introduce a mobile application to streamline the process of reclaiming unclaimed dividends for investors. The announcement was made by the Director-General…