The Nigerian Exchange Limited (NGX) says N540.48 billion worth of foreign transactions were recorded between January and June 2024. NGX, in a report titled ‘Domestic &...
The Central Bank of Nigeria (CBN) says the country’s foreign exchange reserves increased to $37.05 billion as of July 18. Yemi Cardoso, CBN governor, spoke on...
Immediate-Past Managing Director of the Nigerian Ports Authority (NPA), Mr. Mohammed Bello Koko has said the agency generated N541 billion in the first half of the...
The Federal Government said it is set to localise the production of renewable technologies through partnership with China-based Sinoma International Engineering Company. This formed the crux...
The House passed the Finance Act, 2024 which seeks to impose a 70 per cent levy on the profits realized by banks from all foreign exchange...
Billionaire businessman and chairman of Geregu Power PLC and FBN Holdings, Femi Otedola has expressed strong support for the chairman of Dangote Industries Limited, Aliko Dangote,...
The African Development Bank (AfDB) has invested a total of $10.9 billion in Nigeria, with a current portfolio of $4.9 billion supporting projects in the public...
Mercury Bank has announced the addition of Nigeria to a list of countries prohibited from its banking services. This decision aligns Nigeria with other countries on...
The federal government says the proposed 50 percent windfall tax on banks’ foreign exchange gain in 2023 would be a recovery plan to balance the country’s...
The Dangote Refinery said it is seeking crude oil import from Libya and Angola amid a supply challenge in Nigeria. The Vice President of Dangote Industry...
