The naira posted a moderate appreciation against the US dollar this week, gaining N8.62 or 0.01% week-on-week to close at N1,501.08 per dollar in the official...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has banned 60,000-litre fuel tankers from operating on Nigerian roads. It also added that no truck with over 45,000...
The National Bureau of Statistics (NBS) has explained why Nigeria’s headline inflation rate dropped to 24.48 per cent in January 2025 after rebasing. The Statistician-General of...
Nigeria’s headline inflation rate has dropped to 24.48% in January 2025, down from 34.80% in December 2024. The National Bureau of Statistics (NBS) announced this on...
Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to...
Nigeria earned this appellation by promoting digital enterprise and innovation under the Africa Continental Free Trade Area (AFCFTA) Digital Trade protocol
The Minister of Solid Minerals Development, Dr. Dele Alake has revealed that Nigeria has started seeing positive results from its efforts to promote the country’s mining...
It is not every tower seen around that are owned by telecoms operators even as people always believe otherwise.
The Nigerian Communications Commission (NCC) says it will be granting approval for tariff adjustment requests by Network Operators in response to prevailing market conditions. This is...
The Nigerian Exchange Limited (NGX) experienced a notable downturn last week, with the benchmark index that track aggregate share price movement, the All-Share Index (ASI), falling...
The African Development Bank (AfDB) has launched and priced a new GBP 500 million 3-year Benchmark transaction due February 1st, 2028. The bond pays a coupon...
Nine Deposit Money Banks (DMBs) are to pay a N1.35 billion fine for failing to adequately load their Automated Teller Machines (ATMs) during the Yuletide. The Central...
After days of silence over the well-publicised $225.8 million case with the General Hydrocarbons Ltd (GHL) owned Nduka Obaigbena’s by, First Bank of Nigeria finally released...
A new global survey from Ipsos and Google reveals that attitudes towards artificial intelligence (AI) are trending positive as its use becomes more widespread. This is an improvement...
The United States of America and Nigeria have taken a major step to deepen their technological collaboration with the inaugural U.S.-Nigeria Technology Dialogue, held on January...
The inflation figure for December 2024 is expected to rise further on the back of price pressure. This was revealed in the Cowry Weekly Financial Markets...
After a 50-year hiatus, Ethiopia has officially launched the Ethiopian Securities Exchange (ESX), marking a significant milestone in the country’s financial sector and investors’ participation. Ethiopian...
The Central Bank of Nigeria (CBN) has announced the launch of two new account types targeted at Nigerians in the diaspora: the Non-Resident Nigerian Ordinary Account...
China Development Bank has released a $254.76 million loan to Nigeria for a railway project linking the two northern states of Kano and Kaduna. The stated...
By FBNQuest Research According to the most recent data provided by the CBN’s Quarterly Statistical Bulletin (QSB), the total utilisation of foreign exchange (FX) by various...
