CBN Reports Record $553 Million Remittance Inflows for July 2024
The Central Bank of Nigeria (CBN) announced a record-breaking remittance inflow of $553 million in July 2024. This marks a...
Oil Prices Dip Amid Easing Middle East Tensions and Weaker Chinese Demand Outlook
Oil prices edged lower on Tuesday as market sentiment was buoyed by news that Israel had accepted a proposal addressing...
Global Markets Rally as Investors Anticipate Fed Rate Cuts Amid Positive Sentiment
Global markets continued their upward trajectory, with European and U.S. futures rising alongside Asian stocks, as investor optimism grew on...
FGN Launches $500 Million Domestic US Dollar Bond with 9.75% Interest Rate
The Federal Government of Nigeria (FGN) has introduced its first-ever $500 million Domestic US Dollar Bond, offering investors an attractive...
US Endorses Nigeria’s Solar Power Initiative with Sun Africa Partnership
Nigeria’s solar power ambitions received a significant boost as the United States formally endorsed the country's efforts to enhance reliable...
FG’s N205 Billion Payment to Gencos Boosts Power Sector Liquidity
The federal government has taken a significant step towards resolving the liquidity challenges in Nigeria's power sector by offsetting N205...
FirstBank Commemorates its Annual Corporate Responsibility & Sustainability Week
FirstBank, the West African premier financial institution and financial inclusion services provider is proud to announce its 2024 Corporate Responsibility...
Nigeria’s FX Reserves Decline Amid CBN Interventions, Naira Faces Continued Pressure
Nigeria's foreign exchange (FX) reserves decreased by USD301.32 million week-on-week to USD36.53 billion as of August 15, 2024. This decline...
NGX All All-Share Index declines by 1.5%
The Nigerian stock market saw a reversal of last week’s gains as profit-taking activities intensified, particularly in BUACEMENT, which experienced...
Nigeria’s Inflation Rate Eases for the First Time in 19 Months, Driven by Lower Food Prices
For the first time in 19 months, Nigeria's inflation rate eased, reflecting the impact of a high statistical base from...
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