Latest News
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299Banking & FinanceCashless: CBN Suspends Charges on Cash Deposits
The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this...
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130Foreign NewsOil Slips on Rising US Stockpiles
Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories...
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290Stock MarketNGX All-Share Index Extends Downtrend
EQUITIES The Nigerian equities market sustained its negative sentiments as investors sold off FBNH (-9.9%) and GTCO (-6.0%). As a result, the...
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335Industry & MoneyElectricity: FG Reduces ‘Band A’ Tariff by 8% to ₦206.8/kWh
NERC yesterday announced an eight percent reduction on electricity tariff paid by customers in Band A from N225/kWh to N206.8/kWh. The Commission, in...
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164Banking & FinanceFG to Delist Naira from Crypto Trading Platforms
In a latest effort to crackdown on naira manipulators in the foreign exchange market, the Federal Government, through the Securities and Exchange Commission...
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157Industry & MoneyFG Abolishes Payment of Signature Bonus for Oil Investors
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has announced the abolition of signature bonus payment to the Federal Government by...
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164Banking & FinanceBanks Borrowing Drops by ₦23.99tr
Nigerian banks’ lending, in the month of March, to the private and public sectors dropped by N23.99 trillion, data from the Central...
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140Banking & FinanceCBN Orders Cybersecurity Levy Deductions on Electronic Transfers
The Central Bank of Nigeria (CBN) has directed 0.5 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN yesterday,...
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246Foreign NewsOil Climbs After Truce Talks Continue
Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution,...
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1.3KOpinionWill The Foreign Investors Step Forward?
Back in January, we asked where the Naira/US dollar rate was headed. We mentioned three outcomes. The NAFEM rate and the parallel...
