Tag: foreign exchange

One of the clearest ways oil prices influence Nigeria’s economy is through the exchange rate. Higher oil revenues generally increase ...

According to Mr Cardoso, the apex bank recorded an average daily turnover of about $100 million in late 2023 when ...

The unaudited financial report of the banking group was released on Thursday showed that gross earnings leapt by more than ...

“There is a point now to help the farmers, because prices have come below, in some cases, their costs, and ...

The proposed legislation aims to establish a uniform exchange-rate framework and formally outlaw the use of foreign currency for domestic ...

The revenue of the financial services group enlarged by 40 per cent to N828.1 billion, while net interest income advanced ...

According to a statement by the company on Wednesday, this marks a strong rebound from a loss of N184.3 billion ...

Mr Tinubu said Nigeria, despite been blessed with an abundance of commercially viable minerals, has underutilised her resources for too ...

"We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and ...

After-tax profit for the local unit of Manchester-based manufacturer of household consumables PZ Cussons Plc stood at N10.1 billion last ...

The performance derived strength from revenue, which improved by 60.1 per cent to N47.6 billion on the back of a ...

The Emir of Zazzau, Ahmed Bamalli, described horse racing as a plausible unifying factor in Nigeria, Africa and other parts ...

Revenue diminished by 9.1 per cent to 50 billion rand on the back of a slide in subscription fees.

The CBN said it would continue to monitor global and domestic market conditions and remains confident in the resilience of ...

The benefits of increased soybean production extend beyond the agricultural sector; they have significant implications for Nigeria's economy overall

Turnover rose by a third to N2.4 trillion, mostly driven by appreciable growth in data revenue and partly by voice ...

The IMF said the Naira’s stability comes against the backdrop of the clearing of the foreign exchange backlog by the ...

Net profit margin, an indicator of how much of revenue has been turned into profit, stood at 26.1 per cent, ...

UBA said it will pay shareholders a total cash reward of N68.4 billion for the period, which equals N2 per ...

The company incurred a lower income tax of N1.1 billion, compared to N4.2 billion in the same period of last ...

Senators said the bill would confuse Nigerians if passed into law.

The bank accounts belong to individuals and companies being investigated for alleged offences including unauthorised forex exchange, money laundering and ...

Naira extended its appreciation run on Wednesday at both the official and unofficial after closing the market to N1,300 and ...

Mr Ngelale noted that the president also assured Nigerians that his administration is committed to sustaining the efforts to strengthen ...