Naira Watch: Exchange Rate Falls to N1,602.43/$1
Techeconomy The official exchange rate of the naira against the dollar ended its three-day winning streak, falling by 4.26%…
Finance
NGX Gain N194bn, As Newly Listed Transcorp Power Thrives
Newly listed stock, Transcorp Power, its parent company, Transcorp and FBN Holdings were the major drivers of the…
Jeff Bezos Becomes the World Richest man
Jeff Bezos, the Amazon founder, took back his spot as the world’s richest man on Monday, dethroning Elon…
Bank of Ghana Suspends GTBank, First Bank’s FX Licences
The Bank of Ghana has announced the suspension of the foreign exchange licences of Guaranty Trust Bank (GTBank)…
Forex: Naira Gains for Third Straight Day, Closes at N1,534.9/$
The exchange rate between the naira and the dollar strengthened for the third consecutive day, closing at N1,534.9/$1…
What Transcorp Power Listing Means for NGX and the Company
Transcorp Power has debuted on the Nigerian Exchange Limited (NGX), boasting a market capitalization of N1.8 trillion. The…
Airtel Africa Buys 491,861 Shares from Citigroup Global
Airtel Africa Plc., today, announced that it has bought 491,861 from Citigroup Global Markets Limited as part of…
CBN’s N1.053tr Securities Oversubscribed with 79% from Foreign Investors
The Central Bank of Nigeria (CBN) has sold over N1 trillion of government securities as part of efforts…
MTN Nigeria Loses N740bn, its First Loss since NGX Listing
MTN Nigeria Plc has recorded whopping N740 billion loss, its first major financial setback since listing on the…
BREAKING: CBN Withdraws Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, Techeconomy can…
Forex: Cardoso Confirms CBN Owing Five Banks
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has said that foreign exchange (forex)…
MTN’s Numbers Out, Assures Commitment to Nigerians
MTN Nigeria Communications Plc (MTN Nigeria’s) audited results for the year ended 31 December 2023 is out with…
Reps to Probe MultiChoice over Alleged N1.8trn, $342m Debt
The House of Representatives has resolved to investigate MultiChoice Nigeria’s failure to remit about N1.8 trillion and $342…
How to Access FG’s N25,000 Cash Payment
The national identity card number and bank verification number have been pinpointed as the fundamental requirement to accessing…
Raising Interest Rates in the Face of Cost-Push Inflation
I do not understand the rationale behind raising the benchmark interest by 400bp by Nigeria’s Central Bank. The…