Browsing Category
Finance
168 posts
Oil prices retreat as Iran reports ongoing diplomatic channels with US
Oil prices dipped from monthly highs as Iran confirmed continued diplomatic contact with the US, though regional tensions keep market outlooks cautious.
Banking and Consumer Goods Sectors Drive Stock Market Growth
Renewed demand for banking and consumer goods stocks helped drive a weekly market rebound, with total capitalization rising to N157.057 trillion.
Naira Maintains Stability at Official Exchange Market on July 20, 2026
The naira held steady at ₦1,379.64 per dollar in the official market on July 20, 2026, while parallel market rates remained higher due to sustained demand.
Nigerian Naira Declines Against Dollar Across Major Markets
The naira recorded a decline in both the parallel and official exchange markets on Friday, driven by supply shortages and increasing demand.
NGX Investors Lose N32 Billion Following Two-Day Rally
The Nigerian stock market retreated on Thursday, as investors lost N32 billion in capitalization despite a positive year-to-date performance.
CBN Issues 24-Hour Liquidation Mandate for Unused FX Held by BDCs
The Central Bank of Nigeria has directed Bureau De Change operators to return all unused foreign exchange to the Nigerian Foreign Exchange market within 24 hours or face regulatory sanctions.
SEC Launches Nationwide Initiative to Retrieve Unclaimed Dividends
The SEC has started a nationwide campaign to help Nigerians recover unclaimed dividends and capital market funds, beginning with an educational town hall in Lagos.
Nigerian Naira Exchange Rate Analysis: July 17, 2026
The Nigerian naira remained stable against the dollar on July 17, 2026, as the official exchange market shows minor fluctuations while analysts await the upcoming Central Bank policy meeting.
Central Bank of Nigeria Mandates BDCs to Return Unused FX to NFEM
The Central Bank of Nigeria has ordered BDCs to return unutilized foreign exchange to the NFEM market within 24 hours of the expiration of the utilization period to improve retail liquidity.
Experts Predict Historic Growth for Citizenship by Investment Sector
Industry leaders dismiss claims that the Citizenship by Investment sector is shrinking, arguing instead that new regulations are fostering a period of unprecedented global growth and maturity.