Access Bank has continued its push for expansion, this time with the acquisition of Standard Chartered Tanzania’s Consumer, Private, and Business Banking division.
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Another billionaire becomes 2nd richest man in Nigeria, Dangote ranks high globally
The ranking of Nigeria’s richest men has shifted again, with Aliko Dangote still leading and remaining one of the world’s wealthiest individuals.
Dollar crashes in black market, traders share new exchange rate
The value of the naira in the Nigerian Foreign Exchange Market (NFEM) and also the black market was mixed despite high hopes that the naira will close strong.
Nigerian stocks rally continues as market gains 16.57% in July
The Nigerian stock market improved in July, hitting a new high as investors gained over N12 trillion across various sectors on the Nigerian Exchange.
Dollar bounces back, traders quote new exchange rates for naira
The United States currency has appreciated against the Nigerian currency in the Nigerian Foreign Exchange Market (NFEM) and also in the official market.
N1,533/$: New naira to dollar exchange rate in official, black FX markets
The value of the naira has appreciated again against the US dollar in both the official and black markets, as the IMF provides an update on the Nigerian economy.
Stock market rallies for 19 consecutive days, investors make over N1.7trn
The Nigerian stock market is having one of its best runs ever as investors pocket over N1.7 trillion after significant gains in few hours of trading activities.
Nigerians to enter more countries visa-free as Nigerian passport rises on global index
The Nigerian passport's ranking has seen an improvement in its ranking to 88th place globally, from 91st position. However, it remains among the weakest in Africa
Dealers increase prices for 50kg bag of rice across markets
Despite reports of a drop in food inflation, rice, the major staple eaten by Nigerians across the country, continues to be on the rise and traders have shared why.
N25m for individuals, N100m for firms: FG Orders Banks to Report Monthly Transactions to FIRS
The FG has directed financial institutions to begin submitting monthly reports of transactions exceeding N25 million for individuals and N100 million for firms
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