Naira Climbs as CBN Sells More U.S Dollars to Banks

Oil Prices Rebound on U.S, China Demand Expectations: Oil prices edged higher on Thursday on a positive demand outlook in China and the U.S., the world’s two largest oil consumers. Read more

Liquidity Deficit in Banking System Keeps Interbank Rates Elevated: The liquidity deficit in the banking system kept the short-term benchmark interest rates elevated in the money market. Read more

Naira Climbs as CBN Sells More U.S Dollars to Banks: The naira exchange rate gained across the foreign exchange markets as a surplus FX position keeps demand pressures in check. …Read more

Federal Government of Nigeria Launches Free AI Academy: The Federal Government has unveiled a free Artificial Intelligence (AI) Academy with the aim of positioning Nigeria as a leader in the global digital economy. The Minister of Innovation … Read more

Nigeria’s Eurobond Yield Rises as FPIs Liquidate Positions: The average yield on Nigeria’s Eurobond rose as foreign portfolio investors (FPIs) liquidated positions amidst U.S. interest rate cuts. …Read more

Supreme Court, NAHCON, Others Fail ICPC Integrity Scorecard: The ICPC has revealed that the Supreme Court of Nigeria, the National Hajj Commission of Nigeria (NAHCON), and 13 other agencies failed …Read more

2025 Appropriation Bill Passes 2nd Reading in Senate: The Nigerian Senate, on Thursday, passed for second reading the 2025 Appropriation Bill of N49.7 trillion. The appropriation bill was presented to the joint session …Read more

Nigerian Exchange Swells as Investors Gain N467bn: The equities market capitalisation of the Nigerian Exchange (NGX) swelled by more than N467 billion on the Santa Claus rally. The local bourse …Read more

How to Trade FOREX, Stocks, Cryptocurrency with Caution: Trading foreign currencies (FOREX) stocks and cryptocurrency is popular in Nigeria as it is in other climes. …Read more