financial news
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Nigeria Naira Appreciates to N1,600/$, Prompting Analysis and Future Forecasts
The naira exhibited resilience as it appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market on Monday. This marked a notable 1.23 percent gain from the N1,620/$ reported just a day earlier on March 8. Bureau De Change operators in Lagos quoted buying rates... -
Nigeria Naira Crisis: Nigeria Imposes $10 Billion Fine on Binance for Alleged Currency Manipulation
The Nigerian government has imposed a colossal $10 billion fine on Binance, a prominent cryptocurrency trading platform, citing its alleged role in exacerbating the country's ongoing foreign exchange crisis. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu... -
![[Video] Nigerian Banks and Binance Under Fire, Accused of Economic Criminality](/data/attachments/201/201186-51cbb0048afe3330f97efb789f4188ea.jpg)
Nigeria [Video] Nigerian Banks and Binance Under Fire, Accused of Economic Criminality
Ayo Oyalowo, on Channels TV, asserted that the government should oust "criminals" managing certain banks to address the Naira's decline. He emphasized restructuring banks before targeting Bureau de Change operators (BDCs), implying that banks, allegedly hoarding dollars, contribute to the... -
Nigeria Airlines' Relief as CBN Clears $64.44M Forex Backlog, Yet Long Road Ahead
The Central Bank of Nigeria (CBN) has fulfilled its promise by disbursing $64.44 million, marking the latest step in addressing the extensive backlog of foreign exchange owed to airlines. This disbursement brings the total verified amount paid to airlines to $136.73 million, constituting a... -
Nigeria Nigeria Braced For Business Collapse As Naira Plummets to Record Low of N1,410/$1
The Nigerian Naira has hit a record low of N1,410 against the US Dollar on the black market, reflecting a 3.29% drop from the previous day's closing rate. The sudden depreciation is attributed to increased demand for dollars, notably from businesses restocking, individuals pursuing overseas... -
Americas Market Rollercoaster: Microsoft Edges Out Apple in Race for Most Valuable Company
In a recent Nasdaq trading session, Microsoft has temporarily claimed the title of the world's most valuable public company, surpassing Apple in market capitalization. The surge in Microsoft's stock value is attributed to its consistent momentum in the realm of artificial intelligence (AI)... -
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Business Nigeria: Today's Business, Economic and Financial Headlines [04-08-2016]
Below are some of the busimess, economic and financial headlines in some selected Nigerian Dailies for today, Monday, 4 August, 2016. Economy - Shared Services Initiative: CBN, Banks Step Up Implementation - BDCs Fret As Banks Fail To Sell Remittances - Berger Paints Records 63% Drop In H1...- ProfRem
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- Forum: Business News Links
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Business FCMB Declares N16.3 Billion Profit in 2016 First Half Report
First City Monument Bank Group Plc, yesterday, reported a profit before tax (PBT) of N16.3bn for the six months ended June 30, 2016. The report represented an increase of 70% from N9.6bn recorded in the comparative period of 2015. The bank partly attributed the leap in profit to foreign...- ProfRem
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- fcmb financial report 2016 fcmb group plc financial news nigeria news
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- Forum: Business News Links
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