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Finance
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Naira Gains Strength Against Dollar in Parallel and Official Markets
The Naira strengthened to N1,409 per dollar in the parallel market and improved to N1,374.5 in the official NFEM as trading turnover increased.
Investors Over-Subscribe Nigerian Government Bonds by 45 Percent
Nigeria's July bond auction saw a 45 percent oversubscription, totaling N1.74 trillion in bids against a N1.2 trillion offer, signaling robust investor demand despite lower overall allotments.
Central Bank confirms lower denomination naira notes remain valid currency
Governor Olayemi Cardoso reaffirms that small denomination naira notes remain valid currency, citing supply and demand as the primary reason for their current scarcity.
Nigerian Naira Strengthens Against Dollar Following CBN Rate Decision on July 21, 2026
The Naira gained value in the official market on July 21, 2026, while the CBN opted to keep the interest rate unchanged at 26.50 percent.
FCMB and 247 Travels Partner to Launch Travel Financing Scheme
FCMB and 247 Travels have introduced a loan program offering up to ₦10 million for international air travel, allowing customers to pay for tickets in installments.
Taiwo Oyedele Stresses That Banks Must Earn Public Trust
Finance Minister Taiwo Oyedele and NDIC boss Thompson Sunday emphasize that earning public trust through transparency and proactive crisis management is essential for a resilient banking sector.
FirstHoldCo Reports 83.5% Profit Surge to N653.5bn for H1 2026
FirstHoldCo Plc experienced a strong first half in 2026, with profit before tax soaring 83.5% to N653.5 billion behind higher earnings and disciplined cost management.
FCMB and 247 Travels Partner to Offer N10 Million Travel Loans
FCMB and 247 Travels have launched a financing scheme providing up to N10 million for international flight tickets, allowing customers to pay back over a period of three to nine months.
Naira Exchange Rates Against the Dollar for July 21, 2026
The Nigerian naira held steady against the US dollar on July 21, 2026, as the market awaited updates from the Central Bank of Nigeria regarding monetary policy and liquidity.
Naira Gains Value Against Dollar Ahead of Critical CBN Policy Meeting
The naira strengthened slightly in official trading on Monday as the market prepares for the Central Bank of Nigeria's latest interest rate decision.