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Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices.

Equities market capitalisation of the Nigerian Exchange (NGX) jumped to about N38.6 trillion on Friday due to renewed interest in growth, and value stocks listed in the bourse.

The House of Representatives Committee on Petroleum Resources (Downstream), says it plans to conduct…

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.