Category : Finance

The recent report from the Central Bank of Nigeria (CBN) highlights a significant turnaround in Nigeria’s balance of payments (BOP) for 2024, with a surplus...

Last week, the Nigerian banking scene witnessed a historic breakthrough as GTCO became the first bank to record a profit of N1 trillion. This milestone...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell March 31, 2025 1555 / 1560 1995 / 2025...

Nigeria’s Inflation Rate Falls to 23.18% in February 2025 – NBS Nigeria’s inflation rate declined to 23.18% in February 2025, down from 24.48% in January...

Nigeria’s merchandise trade reached an impressive N36.6 trillion in the fourth quarter of 2024, marking a significant leap from the previous year. According to the...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell February 28, 2025 1490 / 1500 1870 / 1920...

Deposit Money Banks in FCT Increase Withdrawal Limits to N50,000 Banks operating in the Federal Capital Territory (FCT) have raised their maximum over-the-counter (OTC) withdrawal...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell November 29, 2024 1745 / 1750 2230 / 2255...

The Monetary Policy Committee of the Central Bank of Nigeria is projected to maintain its inflation-tightening stance at its last meeting of the year in...

Avon Healthcare Limited, a subsidiary of Heirs Holdings, has appointed Osakpamwan Imasogie as its new Chief Executive Officer, effective October 1, 2024. Imasogie succeeds Adesimbo...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell October 31, 2024 1745 / 1750 2250 / 2270 1840 / 1860...

BUA Foods Plc reported a substantial 104% rise in revenue, reaching N1.07 trillion for the first nine months of 2024, according to its recently released...

Vitafoam Nigeria Plc has reported a substantial revenue increase of 56% for the third quarter of 2024, reaching N82.58 billion, up from N52.99 billion in...

A financial expert, Dr. Olutayo Obadina, has attributed the current economic hardship in Nigeria to the government’s decision to float the naira, rather than the...

The Central Bank of Nigeria (CBN) has taken decisive steps to address the $294 billion financing gap that women-owned micro, small, and medium enterprises (MSMEs)...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell September 30, 2024 1690 / 1700 2235 / 2265 1835 / 1860...

The Debt Management Office (DMO) has opened the October 2024 Federal Government of Nigeria (FGN) savings bond offer, providing two bond series with attractive interest...

Despite the ongoing economic hardship in Nigeria, banks have seen a remarkable increase in customer deposits, indicating that many individuals and institutions are increasingly holding...

Wema Bank has been recognized for fostering a culture of innovation and for being the best workplace for millennials. The bank announced that it received...

The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) operators must route transactions through licensed Payment Terminal...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell August 30, 2024 1630 / 1640 2110 / 2140...

The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a key mechanism that banks use to manage...

First City Monument Bank Limited (FCMB) has added Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of directors. In a statement released on Wednesday,...

DMO Offers Federal Government Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO) has announced the availability of two Federal Government...