The naira dived low against the dominant foreign currency, US dollar due to tight forex supply.  The naira lost ₦2.88 to close at N1,512.58 in the official market on Monday as US dollar demand overshadow total amount of foreign currency in the supply bucket.

Nigeria’s Headline Inflation Rate Falls to 24.48% Nigeria’s headline inflation rate fell to 24.48% in January following the consumer price…

Oil Prices Increase amidst Shipping Routes Threats Oil prices increase on Tuesday amid concerns over a possible disturbance in Red…

Investors Soften on Nigerian Bonds Ahead of Inflation In the secondary market, the Nigerian local bonds market traded softly on…

Nigeria Eurobonds Rally amidst Inflation Data Delay Nigeria’s sovereign Eurobonds rallied at the international debt market amidst delay in inflation…

UBA Group Donates $500,000 to AU Peace Fund Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced the…

Money Market Rates Steady as Banking Deficits Ease The short-term benchmark interest rates closed flattish in the money market as…

Airtel Nigeria Increases Data Prices Airtel Nigeria, the country’s second-largest telecommunications operator (Telco) has made significant adjustments to its data…

Naira Falls Across FX Markets as US Dollar Shortage Persists The naira fell off track in the foreign exchange (FX)…

Oando Falls as Investors Trade Unusual Volume Oando Plc lost more than 8% in the stock market following an unusual…