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Nigeria records 15.92 % inflation in March – NBS
The National Bureau of Statistics (NBS) said on Saturday that the nation’s inflation rate increased to 15. 92 percent in March 2022.
According to a report released by NBS in March 2022 the Consumer Price Index (CPI) which…
WAISA establishes College of Insurance Supervisors
The West African Insurance Supervisors Association (WAISA) has established the College of Insurance Supervisors for the West African Monetary Zone (CISWAMZ) in Ghana.
Mr. Rasaaq Salami, Head, Corporate Communications and Market…
Naira closes at 417.50/dollar at investors, exporters window
The Naira exchanged at 417.50 to the dollar at the Investors and Exporters window on Thursday, representing a 0.20 percent depreciation, compared to 416.67 naira to the dollar recorded on Wednesday.
The open indicative rate closed at…
NGX-ASI closes positive, rises 0.34%
Trading on the Nigerian equities market on the Nigerian Exchange Ltd., on Wednesday, closed positive, maintaining a four-day bullish trend.
The All-Share Index (ASI) gained 0.34 percent to close at 47.367.31 points from 47.205.03…
DLM Capital receives CBN approval to acquire Links MFB
DLM Capital, a Development Investment Bank, has received the final approval of the Central Bank of Nigeria (CBN) to acquire Links Microfinance Bank. The Group Chief Executive Officer, DLM Capital Group, Mr. Sonnie Ayere, disclosed…
FX Repatriation: CBN to begin payment of N65 rebate to exporters
The Central Bank of Nigeria of Nigeria (CBN) said it would begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter.
CBN Governor, Godwin Emefiele,…
$418m Paris Refund: Governors appeal judgment
The Governors of the 36 states of the federation have appealed the Federal High Court judgment which dismissed their suit challenging the planned deduction of $418 million from the Federation Account.
The money is meant to settle…
Buhari’s Aide lauds FEC’s approval of business facilitation bill
The Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, has commended the Federal Executive Council (FEC) for approving the Business Facilitation Bill to promote ease of doing business in the country.
Oduwole,…
NGX: Market capitalisation drops by 17bn
Equities on the Nigerian Exchange Ltd. (NGX) extended negative performance on Monday, as profit-taking activities were witnessed in some financial institution stocks. Specifically, the market capitalization lost N17 billion to close…
Nigeria emerges first in Africa to access ICM, raises $1.25bn Eurobonds
Nigeria has officially raised 1.25 Billion dollars through the issuance of seven-year Eurobonds in the International Capital Market (ICM).
The Director-General of the Debt Management Office (DMO), Patience Oniha made this known in a…