……depreciates against other foreign currencies Nigeria’s currency, the Naira, reversed its exchange rate loss against the US dollar at the black market on Wednesday, to trade at an average of N758/$1. which indicated 2.82% gain when compared to the N780/$1 it traded in the previous day’s trading session. Some Bureau De Change (BDC) operators at […]
The Debt Management Office (DMO) has reported that N324.43 billion was generated as the total value of Treasury Bills (T-Bills) sold by the Federal Government across its auctions in May 2023 is. The FMDQ Exchange Markets Monthly Report just published indicated that the debt instrument’s value in the month under review was higher by 15.41% […]
A group of civil society organisations (CSOs) in the country committed to anti-corruption drive has flawed the Federal Government on the implementation of the Single Treasury Account (STA), the Open Treasury Portal (OTP) and many other fiscal efficiency initiatives in view of the abuses that characterized their implementation, such as the failure to remit funds […]
….as metered customers grow by 10.86% The National Bureau of Statistics, Nigeria’s national statistical system coordinating agency, has reported that revenue generated from electricity consumption in the first quarter of this year in the country rose to N247.33 billion, representing 20.81% growth when compared to the N204.74 billion raked in Q1 2022. In its ‘Nigeria […]
…assures value-laden benefits of product to customers TAJBank, Nigeria’s leading non-interest bank, on Tuesday launched a new digital banking app – TAJWAY – in furtherance of its sustained drive to surpass customer expectations in real time and cost-free banking services nationwide. The digital banking app, which is rated as one of the most secure […]
Trading on the Nigerian Exchange (NGX) closed positive on Tuesday as bulls took over the control of the bourse’s trading session from bears that held sway in the previous day’s tradin session. Consequently, the All-Share Index (ASI) improved by 0.16% to close at 59,110.02 index points as against 59,014.85 index points recorded in the previous […]
Airtel Africa Plc has said that the latest policy measure by the Central Bank of Nigeria (CBN) unifying the exchange rates at the parallel and the official markets will help in alleviating the challenges faced by businesses in the last few years to access foreign currencies. The telecom company made this in a Notice signed […]
The Development Bank of Nigeria (DBN) has disclosed that it provided N631 billion as financing support to Primary Financial Institutions (PFIs) in the country over the past five years ended December 2022. The Managing Director of the development finance institution, Dr. Tony Okpanachi, who made this disclosure in Lagos while presenting the progress and achievements […]
For the second consecutive day, Nigeria’s currency, the Naira, depreciated in exchange rate against the US dollar on Tuesday, to trade at an average of N780/$1 in the black market, representing a 2.77% decline when compared to the N759/$1 it traded in the unofficial market on Monday. Some FX dealers in the Federal Capital Territory […]
…..grants approval to six firms for fuel importation in July The Federal Government on Monday gave ship owners operating on Nigeria’s waterways a three-month deadline to settle their accumulated taxes over the past decade, which run into billions of Naira in arrears. It threatened to bar the ship owners from operating in the country’s ports […]