Markets

Wema Bank grows pre-tax to N146.44 billion in 9 months of 2025

Fixed Income

PenCom: Over 552,000 retirees now receive regular pensions

Northern Nigeria Flour Mills profit drops 69.3% to N552.7 million in 6 month 2025

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Markets

News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.

black market, Having so much naira wealth does not guarantee you getting dollars

Blurb

Three things that could make the naira great again

by Nairametrics

June 17, 2021

Nairametrics discusses three things that can strengthen the naira against foreign currencies and make it great again.

The Nigerian economy is increasingly dollarized but there is a way-out

Currencies

Naira falls at official window as external reserves slumps to record low

by Samuel Oyekanmi

June 17, 2021

Naira appreciated at the parallel market to close at N502/$1 on Wednesday, compared to N505/$1 recorded on the previous day.

FTNCOCOA, The Nigerian Bourse closes negative to lose N25.21 billion

Spotlight

CORNERST, MORISON bolster stock market rise

by Ubah Jeremiah Ifeanyi

Nigeria's stock exchange market trended bullish at the end of today’s trading session, posting gains.

Cryptos

South Korea delists high-risk cryptocurrencies

This new directive has been brought about by the increased level of regulatory requirements by financial regulators into cryptocurrency service...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Currencies

CBN to start printing currency for The Gambia – Emefiele

by Chike Olisah

The CBN has hinted at sealing an agreement with the Central Bank of the Gambia (CBG) to undertake the printing...

Dangote Cement Plc completes issuance of N50 billion Series 1 fixed rate bond.

by Chidi Emenike

Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of a N50 billion Series 1 Fixed Rate...

Cryptos

Shiba Inu and Chilliz surge amidst Coinbase Pro listing

Following the announcement of their listing on Coinbase Pro, Shiba Inu (SHIB) and Chiliz (CHZ) have both experienced a surge.

Presco Plc announces emergency meeting, set to consider the acquisition of a private company.

by Chidi Emenike

Preso Plc, a public limited liability company based in Nigeria with a special focus on industrial as well as...

Cryptos

BTC could completely collapse the economy of El Salvador – Steve Hanke

Steve Hanke has warned that El Salvador’s adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse...

Commodities

Crude oil nears $75 amidst rising demand