The yuan slumped, the Australian dollar led commodity currencies lower and the greenback strengthened against most major peers as protests in China against Covid...
The Central Bank of Nigeria (CBN) elected to raise the benchmark interest rate by 100 basis points to 16.65 percent last week (November 22).
However,...
Shareholders are worried that the mandatory regulatory levies imposed on banks by the Asset Management Corporation of Nigeria (AMCON) has become a nuisance as...
Surging Foreign Exchange (FX) demand by Nigerian students studying abroad in places like the United Kingdom (UK) is adding to pressure on the Naira.
The...
Official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an absolute...
Nigeria's biggest listed firms, members of the NGX-30 index posted N1.71 trillion in cumulative profit, even as analyst warn that a profit recession looms.
Eight...
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years...
