Nigeria’s Petroleum Earnings Fall By 53.4%
CBN says Nigeria recorded a 53.4% fall in its petroleum earnings in November 2022 when compared to the previous month.
Revolut reports first-ever annual profit
Revolut, a financial technology company, has reported its first-ever annual profit, with revenues of £636.2 million ($767.1 million) for 2021, tripling its previous year's figure. Revolut's CFO, Mikko Salovaara, attributes this success to the company's diversified business and strict cost control. The company expects revenues to grow over 30% to £850 million in 2022. Revolut offers digital banking, money transfers, cryptocurrency, and stock trading through a single app and competes with companies such as Wise, Monzo, and Starling. Read on to learn more about Revolut's success and challenges.
Local Stock Market Investors Gain N261bn As Tinubu Wins Presidential Election
Investors at the Nigerian Exchange (NGX) gained N261 billion amidst the emergence of Asiwaju Bola Ahmed Tinubu as president elect.
Central Bank of Nigeria Appoints Acting Director of Communications
The Central Bank of Nigeria has appointed Dr. Isa Abdulmumin as the Acting Director of the Corporate Communications Department, following the retirement of Osita Nwanisobi. With a wealth of experience, Dr. Abdulmumin's appointment demonstrates the bank's commitment to continuity and effective management. Learn more about this appointment and the bank's communication and stakeholder engagement strategies.
NBS: Cooking Gas Price Increased By 39% In 12 Months
The Nigerian Bureau of Statistics says cooking gas prices went up by 39% from January 2022 to January 2023, OduNews reports.
Bulls Dominate Customs Street As Investors Rake In N180bn
The Nigerian Exchange (NGX) Limited closed on a positive note on Thursday as stock investors raked in N180 billion, OduNews reports.
Naira Falls To N461 Per Dollar At I&E Window
The value of the naira fell to N461 per dollar at the Investors & Exporters (I&E) window of the foreign exchange market, OduNews reports.
Geregu Power Pushes Stock Market Up By 0.23%
The Nigerian Exchange (NGX) Limited recorded a gain of 0.23% on the back of renewed buying interests in the shares of Geregu Power Plc.
NBS: Nigeria’s GDP Falls To 3.12%
The Nigerian Bureau of Statistics says the gross domestic product growth fell to 3.12% in 2022 from 3.40% in 2021, OduNews reports.
Local Stock Market Sheds N19bn
The Nigerian Exchange (NGX) Limited closed in the red territory on Tuesday with investors shedding N19 billion by the close of trading activities.
IMF Says Nigeria’s Inflation Index Outdated
The International Monetary Fund says the weights used to calculate Nigeria's monthly consumer price index are outdated, OduNews reports.
NGX Remains In Positive Territory As Investors Gain N229bn
The Nigerian Exchange (NGX) Limited remained in the positive territory on Monday as investors raked in N229 billion.
Inflation Rates Across Nigerian States in January 2023; Bauchi, Ondo Top
According to recent data obtained by the National Bureau of Statistics (NBS), Bauchi State has the highest inflation rate in...
Air Peace Informs Passengers of Flight Disruptions Due to Bad Weather
Air Peace has issued a statement warning passengers of potential flight disruptions due to bad weather causing low visibility in...
Bank Workers in Nigeria to Commence Strike over Attacks by Customers
On February 18, 2023, reports emerged that bank workers in Nigeria would commence a strike starting from Monday. The reason...
BREAKING: Banks Must Not Receive Old N500, N1,000 Notes – CBN Declares
The Central Bank of Nigeria has debunked reports that commercial banks have been authorised to receive the old N500 and N1,000 notes.
CBN Asks Banks To Collect Old N500, N1,000 Notes Below N500,000
The Central Bank of Nigeria has directed commercial banks across the country to start receiving the N500 and N1,000 notes respectively.
Naira Falls To N760 Per Dollar At Black Market Despite Scarcity
As Nigerians continue to face the brunts of the rushed-up naira redesign policy, the naira fell to N760 against the dollar at the black market on Friday.
NGX Continues Winning Streak As Investors Gain N7bn
The Nigeria Exchange (NGX) Limited maintained its positive streak on Thursday as investors raked in N7 billion, OduNews reports.
Old N200 Notes Will Be Circulated Immediately – Emefiele Says
Godwin Emefiele says he has met with heads of commercial banks in the country over President Muhammadu Buhari's pronouncement on the circulation of the old N200 notes.