By Sodiq Adelakun The Nigerian naira is currently experiencing a significant decline in value, with the exchange rate surpassing N1,300/$ on the Peer-to-Peer cryptocurrency window. Traders on the parallel market have confirmed that the national currency is trading close to…
Some analysts have advised investors to focus on stocks with strong fundamentals in order to navigate the challenges posed by persistently rising inflation. The National Bureau of Statistics recently released the Consumer Price Index (CPI) for December, revealing an increase…
Access Holdings Plc says it has obtained all required regulatory approvals to acquire Megatech Insurance Brokers Ltd. Access Holdings’ Company Secretary, Mr Sunday Ekwochi announced this on the floor of the Nigerian Exchange Ltd (NGX) in Lagos. Ekwochi said that…
The Federal Government has received praise from power experts for transferring its 40 percent shareholding in electricity distribution companies. The experts expressed their commendations in separate interviews with journalists in Lagos on Monday. The transfer, which took place on January…
…As headline inflation hits 28.92% …Stears predicts 31.85% annual inflation, recommends dollar illiquidity to tackle inflation By Sodiq Adelakun, Lagos and Mathew Denis, Abuja Inflation in Nigeria continued to rise for the twelfth consecutive month in December, 2023 with the…
The Naira had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 12 as its value fell by 1.8 percent or N15.66 against the US Dollar to N890.45/$1 from the preceding day’s N874.79/$1, according to…
By Sodiq Adelakun In a move to decongest its head office and enhance productivity, the Central Bank of Nigeria (CBN) has announced plans to transfer some of its departments to Lagos State. An internal memo released on Saturday outlined the…
The CEO of Arvofinance, Ayotunde Bally, has stated that the lifting of the ban on cryptocurrency trading in Nigeria has the potential to boost the economy and offer financial opportunities. Bally made the comments in Lagos on Thursday following the…
By Sodiq Adelakun In a race against time, Nigerian bank customers have been scrambling to register for their Bank Verification Number (BVN) ahead of the Central Bank of Nigeria’s (CBN) impending deadline. The latest data from the Nigerian Interbank Settlement…
In a recent report by the Postmortem Sub-Committee of the Federal Account Allocation Committee (FAAC), it has been recommended that the Federal Government refund the loan of approximately N228 billion it took from the non-oil excess revenue account to finance…
