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Gold pushed back above the US$2,000 mark early on Friday as the dollar and …

Gov. Umo Eno of Akwa Ibom has approved N450 million counterpart fund for the Nigeria For Women Project, a World Bank project targeted at empowering the women

The Nigerian naira is clawing back losses from the alternative FX market, according to data obtained from Binance and other P2P platforms. Today, pressures in the open market have also eased.

The US dollar fell against its major trading partners early Friday, except for a small increase versus the Canadian dollar, ahead of the October employment report due for release.

The price of Bitcoin shed 3% over the past 24 hours, now trading below $34,400 from about $36,000, its highest level since May 2022.  It has since rallied 70% to $34,300.  Due to improved sentiment, the most expensive crypto asset has rallied some 30% in weeks.

Prices of crude oil increased as the US dollar weakened after the Fed’s decision to keep rates. Brent crude is up 0.6% at $87.34 a barrel while West Texas Intermediate is 0.7% higher at $83.07 a barrel.

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of the US$321 million and N18.2 billion loans.

The Nigerian Exchange (NGX) shed more than N296 billion on Thursday due to a negative shift in market sentiment.

Mr Fife Banks, an entrepreneur has urged Nigerian investors to leverage the opportunities that the United States provides through its Employment Based (EB) platform.

Amidst Nigeria’s foreign exchange crisis, the apex bank said it has started to clear outstanding foreign currency forwards owed to deposit money banks.