Browsing Category
Finance
167 posts
CBN Reports Official and Parallel Market FX Gap Shrinks Below 2 Percent
The Central Bank of Nigeria reports that the margin between official and unofficial exchange rates has dropped to under 2 percent following ongoing financial reforms.
Naira Value Fluctuates Across Official and Informal Markets
The naira saw mixed results on Tuesday, dropping in the parallel market while gaining value in the official Nigerian Foreign Exchange Market.
Investors record N599 billion loss as stock market declines
The stock market ended Tuesday in the red, with investors losing N599 billion as 40 equities declined against 13 gainers, despite an increase in overall trading activity.
United Capital Forecasts Sustained High Interest Rates Due to Inflation
United Capital Plc anticipates high interest rates through late 2026, citing stubborn inflation and global oil market volatility while reporting robust half-year financial growth.
Nigerian Naira Exchange Rates: August 4, 2026
The naira traded near ₦1,368 at the official exchange on August 4, 2026, while parallel market rates climbed above ₦1,400.
Nigerian Equities Market Starts Week Strong with N288 Billion Gain
The Nigerian stock market posted a N288 billion gain on Monday, pushing the All-Share Index up by 0.18 per cent despite a broader market decline in share prices.
Nigeria reports 33% surge in net forex inflows for Q1 2026
Nigeria's net forex inflow reached $20.33 billion in Q1 2026, a 33.8 percent increase driven largely by autonomous sources, according to the Central Bank of Nigeria.
Building Credibility: How OPay Secures Customer Trust in Nigeria
OPay addresses the growing demand for digital security in Nigeria by emphasizing long-term trust, regulatory compliance, and consistent service as the pillars of their operations.
DMO Launches August Federal Government Savings Bond Offerings
The Debt Management Office has introduced new two-year and three-year FGN savings bonds for August with interest rates of 13.96% and 14.96% respectively.
Naira Maintains Stability Against Dollar on August 3, 2026
The Nigerian naira remained stable against the dollar on August 3, 2026, with the official rate at ₦1,368 and the parallel market selling rate at ₦1,425.