Year: 2024
U.S Fed Cuts Benchmark Interest Rate by 25bp The US Federal Reserve slashed the benchmark interest rate by 25 basis…
Oil prices rose in the global commodities market on Thursday as the U.S. Federal Reserve’s fund rates cut boosted expectations that demand would increase.
Shell Nigeria Awards $900m Offshore Contract to Saipem Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, has…
CIG Motors Partners Stanbic IBTC Bank to Facilitate Affordable Vehicle Ownership In a significant development for individuals looking to acquire…
Dangote Refinery Reduces Petrol Price to N899.50 Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS)…
Nigeria Customs Announces Zero Import Duty on Gas Equipment The Nigeria Customs Service (NCS) has announced a zero import duty…
As banks sold their holdings to satisfy funding demand, the average yield on Nigerian Treasury bills increased to 25.64% in the secondary market.
Money Market Rates Ease, Liquidity Deficit Expands Money market rates eased despite tight liquidity in the financial system. The short-term…
The naira rallied in the foreign exchange (FX) markets except on the BMatch system amidst a plan to dedollarise the Nigerian economy. Spot FX data from the FMDQ platform revealed that the local currency exchange rate appreciated by 0.33%, closing at N1,538.88 per US dollar in the official market.
Tinubu Allocates N2.48trn to Health Sector in 2025 Budget President Bola Tinubu has allocated N2.48 trillion to Nigeria’s health sector…