Equities shed N800bn as profit-taking halts market rally
Equities shed N800bn as profit-taking halts market rally The recent bullish momentum on the Nigerian Exchange Limited came to a sudden halt on Wednesday as aggressive profit-taking in high-capitalisation stocks wiped N800bn off the total market valuation. The All-Share Index... Read More →
Dangote resumes naira petrol sales, hikes price by N140
Dangote resumes naira petrol sales, hikes price by N140 The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly called petrol, in naira, ending its brief dollar-denominated pricing regime, while increasing its ex-depot price by N140 per... Read More →
Prioritise governance over account openings, CBN tells banks
Prioritise governance over account openings, CBN tells banks The Central Bank of Nigeria has urged financial institutions to shift their focus from mere account- opening metrics to delivering measurable customer outcomes, warning that financial inclusion without strong corporate governance risks... Read More →
Inflows, FX reforms lift external reserves 58% under Cardoso
Inflows, FX reforms lift external reserves 58% under Cardoso Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria in September 2023, driven by stronger export earnings, increased ... Read More →