The Nigerian Stock Exchange saw a slight decline of 0.24% today, marking a period of volatility for investors. Amid this downturn, RT Briscoe led the day’s losses, while ABBEYBDS showed…
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The Kenyan shilling remained steady against the U.S. dollar on Tuesday, holding firm at 128.90/129.40 per dollar—the same rate as the previous day. This stability has drawn attention from financial…
The Nigerian Naira took another hit in the official foreign exchange market, trading at N1,498.98 to a Dollar on Monday. The latest figures from the Central Bank of Nigeria (CBN)…
Business
Stable Exchange Rate and Fiscal Transparency Boost Nigeria’s Global Investment Appeal – Wale Edun
by David Todi
Nigeria is positioning itself as a leading destination for global investments, leveraging a stable exchange rate and improved fiscal transparency to attract investors. Minister of Finance and Coordinating Minister for…
The Chartered Institute of Bankers of Nigeria (CIBN) has highlighted the significant impact of government policies such as the removal of fuel subsidies and the floating of the Naira on…
In a significant move that could ease the financial burden on millions of Nigerians, the Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit,…
Business
Africa’s Billionaire Dangote Opens Up on Record-Breaking Annual Income in Viral Interview
by Kelvin Uzo
Africa’s richest man, Aliko Dangote, has revealed that he once made about $10 billion in just one quarter of a year, describing it as the largest amount he has ever…
Nigerians burdened by rising costs of living have been given a temporary reprieve as the House of Representatives has suspended the implementation of the Central Bank of Nigeria’s (CBN) controversial…
Business
Nigerian Senate Vows to Strengthen Fiscal Responsibility Commission Through Adequate Funding
The Nigerian Senate has reaffirmed its commitment to ensuring adequate funding for the Fiscal Responsibility Commission (FRC) and other government watchdog agencies, emphasizing the critical role these institutions play in…
The Nigerian naira showed a glimmer of resilience on Wednesday, January 22, 2025, as it recorded modest gains against the US dollar in both the official and parallel markets. This…