Central Bank of Nigeria Governor Olayemi Cardoso has said that the exchange rate of the Naira to other currencies is grossly undervalued. He said this at the ongoing...
The Nigerian National Petroleum Company Limited (NNPCL) has said that it plans to use the $3.3 billion loan from African Export-Import Bank for operational needs and...
Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 2.87% to close at 94,538.12 points. sustained buying interests...
Former central bank Governor Godwin Emefiele was again on Friday charged with fraud, including obtaining $6.2 million in bank funds under false pretences, part of 20...
GlaxoSmithKline (GSK) Plc has said that it has received the Securities and Exchange Commission’s (SEC) approval of its scheme arrangement (earlier sanctioned by the Federal High...
Nigeria’s central bank still lacks the foreign exchange to clear the backlog of demand, and the country’s high interest payment to revenue ratio weighs on its...
Access Holdings Plc obtains the CBN’s approval-in-principle to establish a consumer lending subsidiary to be known as Oxygen X Finance Company Limited. The purpose subsidiary will...
The Central Bank of Nigeria (CBN), has said that in its bid to clear the backlog of outstanding foreign exchange liabilities, paid approximately $2.0 billion across...
The domestic bourse maintained the bull run as the benchmark index closed 3.93% stronger to settle at 87,971.10 points. Sustained buy interests in industrial heavyweights namely, DANGCEM (+9.84%), BUACEM...
A former Minister of Commerce and Industry in the federal republic of Nigeria Mr. Charles Chukwuemeka Ugwu has been arrested by the Economic and Financial Crimes...
Opening the week, Nigerian equities extended gains from last week as the benchmark index closed 1.92% stronger to settle at 84,640.89 points. Buy interests in industrial heavyweights namely,...
The Central Bank of Nigeria (CBN) has said its plan to relocate some of its departments from its head office in Abuja to Lagos state is...
Ghana’s official creditors have agreed to restructure debts that were extended to the country up until December 2022, two sources told Reuters, with Accra closing in...
Closing the week, the domestic bourse ended the session on a positive note, bringing the All-Share index up by 0.54% to close at 83,042.96 points. Buying interests...
African Export-Import Bank said it has successfully arranged a syndicated $3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited and that...