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Market News

CBN suspends export proceeds repatriation extension

The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation

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January 10, 2025 7:02 am
Market News

Buoyant dollar keeps pound, euro and yen under pressure

The U.S. dollar charged ahead on Thursday, underpinned by rising Treasury yields, putting the yen,

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January 9, 2025 9:06 am
Market News

Oando gets new board chairman as Alake resigns

Oando PLC has announced the appointment of Mr. Ademola Akinrele, a Senior Advocate of Nigeria,

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January 9, 2025 7:19 am
Market News

Oil prices edge down on rising U.S. fuel inventories

Oil prices declined for a second day on Thursday after large builds in fuel inventories

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January 9, 2025 7:16 am
Market News

FirstBank: Shareholders Demand EGM, Want Otedola, Omodayo-Owotuga Ousted

A group of shareholders at the First Bank of Nigeria Holdings Plc., with 10 per

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January 9, 2025 7:11 am
Market News

SEC plans improved rules for borrowing by govts, corp

The Securities and Exchange Commission (SEC) has announced plans to enhance the rules and regulations

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January 9, 2025 7:07 am
Market News

Asian stocks slip, dollar boosted by US rate outlook

Asian stocks fell on Wednesday, with a robust dollar keeping the yen, yuan and the

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January 8, 2025 7:39 am
Market News

Oil rises on tighter OPEC supply, US jobs data

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data

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January 8, 2025 7:36 am
Market News

FX reserves hit $40.8bn one month after Eurobond

Nigeria’s foreign exchange reserves surged by $591.78m in the month following the government’s $2.2bn Eurobond

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January 8, 2025 7:27 am
Market News

FX demand for food products rose to $633.6m in Q3 2024 –CBN

Nigerians’ reliance on imported food products surged in the third quarter of 2024, as foreign

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January 8, 2025 7:22 am
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