CATEGORY
Business and Economy
Currency In Circulation Rises By 87.05% Hits N2.26tn, says CBN
Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria.According to...
CBN’s Forex Policy Results in MTN Recording N131.4bn Loss
Telecommunications giant, MTN has suffered a foreign exchange loss of N131.4 billion, dragging its profits down, its 2023 second-quarter report has revealed.The report showed...
Naira to Dollar Black Market Rate Today – 29th July 2023
By Daniel EduFind the latest Dollar to Naira exchange rate at the black market (Aboki fx) for 28th July below. The buying rate is...
Mutual Funds Investment Soars 33.1% to N1.87 Trillion in H1’23, Fueled by High Interest Rates and Stock Market Performance.
In a remarkable surge, the total value of investment in mutual funds in Nigeria experienced a staggering 33.1% year-on-year increase, soaring to an impressive...
“Airtel Africa Plc reports $151 million loss due to forex harmonization in Nigeria, but sees growth in customer base with a surge in mobile...
By Daniel EduThe telecom company explained that the negative profit after tax was mainly driven by a foreign exchange loss of $471 million recorded...
Naira’s Exchange Rate Reaches N740/$ at I&E Window
The Naira on Wednesday, July 26, closed at N740.08 per dollar at the investors and exporters (I&E) window.This showed a 6.49 percent appreciation...
CBN Increases Interest Rate To 18.75%
The Central Bank of Nigeria’s Monetary Policy Committee has moderately hiked monetary policy rates to 18.75 per cent.The acting Governor of the Central Bank...
NNPCL Assures: N1.3tn Subsidy Debt Won’t Impact Dividend
By Daniel EduThe Nigerian National Petroleum Company Limited (NNPCL) clarified on Thursday that the Federal Government's outstanding N1.3tn debt to the company would not...
Naira to Dollar Black Market Rate on 25th July 2023
By Daniel EduToday, 25th July 2023, the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx),...
BBNaija All-Stars: ‘Believe Celebrities At Your Own Risk’
By Daniel EduFormer Big Brother Naija 'Shine Ya Eye' Housemate, Christy O, has shared her thoughts on the unveiling of the 'All-Stars' Housemates.Selected housemates...
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