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Finance & Economy - Page 255

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Naira Falls Across All Market Amid N800/$1 Projection

The United States currency, Dollar, gained against the Naira on Thursday at the official foreign exchange market, while the Nigerian legal tender continued to sell at a high for persons in need of the greenback in the black market. Naira exchanged at

June 17, 2022

Business·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous year. This number is 90.5% higher than the fraudulent activities

June 17, 2022

Oil & Gas

NCDMB Set To Disburse $40m Women Fund

he Nigerian Content Development and Monitoring Board (NCDMB) has disclosed it's readiness to disburse the $40m Women in Energy Fund

June 17, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

The Nigerian currency, Naira, fell to the dollar on Wednesday, in the black market segment of the foreign exchange channels, depreciating by -0.2% at the end of trading activities in the peer-to-peer market. On Tuesday, the Naira had closed at N615 to

June 16, 2022

Business·Oil & Gas

Diesel Price To Rise From N800 To N1,500 In Two Weeks

The Natural Oil and Gas Suppliers Association (NOGASA), Bennett Korie, said in the next two weeks, the price of diesel per litre will rise to N1,500 from N800, due to importers inability to access foreign exchange (forex) at Central Bank of Nigeria

June 15, 2022

Business·Oil & Gas

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Nigeria loses it lawsuit against JP Morgan Chase Bank, after Judge Sara Cockerill, of the British High Court, ruled against the country on Tuesday, in the fraud case relating to the Malabu Oil scandal 11 years ago. The country had filed $1.7

June 14, 2022

Business·Finance & Economy

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

The minimum bid for non-interest asset-backed securities has been raised to N100 million by the Central Bank of Nigeria (CBN), a circular signed by the apex bank’s Director, Financial Markets Department, Angela Sere-Ejembi, disclosed. In the circular issued in 2022, titled “Framework

June 13, 2022

Business·Oil & Gas

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

In two weeks, Nigerians consumed 966.58 million litres of petrol, which cost them about N156.58 billion, in May, according to the Nigerian National Petroleum Company (NNPC), with Lagosians spending the highest amongst state. According to data on NNPC Premium Motor Spirit (PMS)

June 13, 2022

Business·Finance & Economy·News

Capital Market Rules: NGX Slams N13.5m Fine On Unity Bank, Union Bank, First Bank

Unity Bank, under the leadership of Oluwatomi Somefun, has been sanctioned for failing to comply with the rules of the capital market authority, the Nigerian Exchange Limited (NGX), relating to release of financial statements. The management of the company failed to submit

June 12, 2022

Business·Real Estate

EFCC boss, Bawa, Accuses Real Estate Businesses Of Supporting Money Laundering

Real Estate business in Africa’s largest economy, Nigeria, has been linked to money laundering by the Chairman of anti-graft agency, Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa. According to Bawa, the easiest place for money launderers to carry out their activities

June 10, 2022

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Finance & Economy - Page 255

What Nigeria’s 15.10% Inflation Rate Drop Means

Black Market Dollar To Naira Exchange Rate Today: Naira Falls Across All Market Amid N800/$1 Projection

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

NCDMB Set To Disburse $40m Women Fund

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

Diesel Price To Rise From N800 To N1,500 In Two Weeks

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

Capital Market Rules: NGX Slams N13.5m Fine On Unity Bank, Union Bank, First Bank

EFCC boss, Bawa, Accuses Real Estate Businesses Of Supporting Money Laundering

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