PwC: Collapse of FX Market into Single Window Led to 98% Devaluation of Naira in 2023
A report by PricewaterhouseCoopers (PwC), a global business advisory services firm, has said that the value of the Nigerian currency,…
Category: Finance
Naira Reached New Low on Parallel Market to N1420/$1, Slides at Official Market
The Naira reached an unprecedented low yesterday of N1,420 marking a 4.03 per cent or N55 decline compared to Wednesday’s…
Cardoso: Naira Undervalued, Seeks Fiscal Collaboration, Market Stability
Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said the naira was currently undervalued, contrary to suggestions…
FIRS Targets N19.41tn Revenue in 2024, Now Accounts for 70% of Contributions to Federation Account
Executive Chairman of Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, said the service had a collection target of about…
Stock Market Gains N1.85tn as Investors as Position for 2023FY Earnings Releases
The stock market of the Nigerian Exchange (NGX) gained N1.85trillion week-on-week (WoW) to extend its positive run for a second week as investors continued…
Amid Headwinds, Customs Records Historic N3.20tn Revenue in 2023
The Comptroller-General of Customs (CGC), Mr. Bashir Adeniyi, yesterday, said the Nigeria Customs Service (NCS) generated an unprecedented N3.20 trillion…
Stock Market Gains N1.6tn in One Day
The market capitalisation of the Nigerian Exchange Limited (NGX) gained N1.6 trillion yesterday, as investors’ demand for large and mid-cap…
UBA Surpasses N1tn Market Capitalisation on NGX, Share Price Hits N29.90
The United Bank for Africa (UBA) Plc yesterday, joined the elite group of companies with market capitalisation of over N1…
CBN Pays $2.062bn Additional FX Forwards with Banks, Disburses $61.64m to Foreign Airlines
The Central Bank of Nigeria (CBN) yesterday announced that it had disbursed about $61.64 million to foreign airlines through various…
Zenith Bank Achieves Distinction as Sole Nigerian Brand on World Finance 100 Listing for 2023
Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat…