The Naira closed at ₦1,245 to the US dollar on the parallel market, ahead of expectations that the Central Bank of Nigeria (CBN) would sell US dollars to Bureau de Change at a rate lower than the spot ...

The average yield on Nigerian Treasury notes decreased somewhat to 25% in the secondary market ahead of the Central Bank of Nigeria’s (CBN) midweek primary market auction.

Initially reported by Nairametrics, the exchange rate for import duties clearance experienced a drop from 1238/$ to N1150/$, marking a decrease of N91. This adjustment comes as a follow-up to the ...

Ms. Mayowa Tosho revealed that in Saki, a border town in Oyo State, a bag of rice now sells for as low as N42,000, further underscoring the downward trend in prices observed across the country. The ...

In a bid to address inefficiencies within Nigeria’s power sector, the Federal Government has embarked on the unbundling of power distribution companies (Discos), aiming to enhance their operational ...

The Nigerian naira faced a significant decline against the United States dollar on Monday, with the official exchange rate reaching N1,234, according to data from the FMDQ securities exchange. This ...

During his stay in the Netherlands, President Tinubu will hold discussions with Prime Minister Rutte and also have separate meetings with His Royal Majesty King Willem-Alexander and Queen Máxima.

The Federal Competition and Consumer Protection Commission (FCCPC) has taken action following allegations of discrimination against Nigerians by the owner of a Chinese supermarket in the Federal ...

Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), made the revelation and charged that the former NCDMB official had squandered almost $500 million on dubious loans and projects ...

Traders noted that sell-offs were witnessed across all tenors, as average yield expanded by 790bps at the short end, up by 743bps at the belly of the curve and 450bps at the long end, respectively.

Alpha seekers in the equities market of the Nigerian Exchange (NGX) are currently ramping up shares of some banks with rock solid market fundamentals despite risks associated with the recapitalisation ...

TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status ...