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Category: Finance

Inflation Soars to 33.69% Amid Higher Food, Energy, Commodity Prices
FinanceNews

Inflation Soars to 33.69% Amid Higher Food, Energy, Commodity Prices

NEWS BAR NGMay 16, 2024May 16, 2024

The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodity further increased to…

In FT Interview, Cardoso Says Investors Getting Comfortable with Nigeria’s FX Market
BusinessFinanceNews

In FT Interview, Cardoso Says Investors Getting Comfortable with Nigeria’s FX Market

NEWS BAR NGMay 14, 2024May 14, 2024

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said investors have become more comfortable with…

Naira Declines at Both Official, Parallel Market to N1459/$1, N1,455
FinanceNews

Naira Declines at Both Official, Parallel Market to N1459/$1, N1,455

NEWS BAR NGMay 10, 2024May 10, 2024

The Naira yesterday, decline at both the official market and  parallel markets.At the Nigerian Autonomous Foreign Exchange (NAFEM) window, it…

Report: Nigerian Breweries, International Breweries, Guinness Nigeria Booked N254.8bn Pre-tax Losses
BusinessFinanceNews

Report: Nigerian Breweries, International Breweries, Guinness Nigeria Booked N254.8bn Pre-tax Losses

NEWS BAR NGMay 3, 2024May 3, 2024

A report that was published by Afrinvest has disclosed that three major brewers that are listed on the Nigerian Exchange…

Naira Weakens Further to N1,309/$ at Official Window, Plunges to N1,450/$ at Parallel Market
FinanceNews

Naira Weakens Further to N1,309/$ at Official Window, Plunges to N1,450/$ at Parallel Market

NEWS BAR NGApril 26, 2024April 26, 2024

The naira weakened against the dollar across the official and parallel markets yesterday, manifesting four consecutive days of losses.The naira…

Nigeria’s Treasury Bills Auction Oversubscribed by 254.23 Per Cent
FinanceNews

Nigeria’s Treasury Bills Auction Oversubscribed by 254.23 Per Cent

NEWS BAR NGApril 25, 2024April 25, 2024

The Nigerian Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) yesterday recorded an oversubscription of 254.23 per…

Marketers Lament as 45% Banks’ CRR Hampers Buying Products in Cargoes from Dangote Refinery
FinanceNews

Marketers Lament as 45% Banks’ CRR Hampers Buying Products in Cargoes from Dangote Refinery

NEWS BAR NGApril 23, 2024April 23, 2024

Many petroleum products marketers are currently facing difficulty in getting loans needed to finance the lifting of diesel and aviation…

FirstBank Holdings Announces Olusegun Alebiosu Acting Chief Executive of FBN
FinanceNews

FirstBank Holdings Announces Olusegun Alebiosu Acting Chief Executive of FBN

NEWS BAR NGApril 22, 2024April 22, 2024

The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank…

Cardoso: CBN Has No Intention of Intervening in Forex Market
FinanceNews

Cardoso: CBN Has No Intention of Intervening in Forex Market

NEWS BAR NGApril 18, 2024April 18, 2024

The Governor of the Central Bank of Nigeria (CBN), Mr.  Olayemi Cardoso, yesterday, reiterated the apex bank’s stance of not…

Tinubu: Single Window Project to Generate $2.7bn Revenue Annually
FinanceNews

Tinubu: Single Window Project to Generate $2.7bn Revenue Annually

NEWS BAR NGApril 17, 2024April 17, 2024

President Bola Tinubu has inaugurated a steering committee for the Single Window (SW) Project with a disclosure that the implementation…

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