Nigeria’s Inflation Spikes To 21.47% In November
Nigeria's inflation rate increased to 21.47% in November, 2022 from the 21.09% it recorded in October, OduNews reports.
FCMB Launches QR Code To Boost Instant Payments
First City Monument Bank has launched a Quick Response Code to boost instant payments for goods and services.
Bulls Return To Equities Market As Investors Gain N74bn
The Nigerian Exchange (NGX) Limited closed in positive territory on Wednesday as the market rebounded by 0.28%.
US Charges FTX Founder Bankman-Fried With Massive Fraud
The United States has charged the founder of the crypto exchange platform FTX, Sam Bankman-Fired for committing one of the biggest financial;l frauds in the country's history.
Brent Crude Hits $80 Per Barrel
Brent crude oil increased by $2.69 to settle at $80.68 per barrel on Tuesday after data pointed to slowing inflation in the United States.
First Nigerian ‘Startup Nightmare’ Event To Hold December 9th
Ayo Bankole, Bitsu Davoh, Wole Oduwole, others to speak on Finance, Operations and Marketing strategies for startups
Marketers Blame Fuel Scarcity On Forex
The Independent Petroleum Association of Nigeria has suggested that a lack of petroleum products and difficulty accessing foreign exchange may...
Diesel Sells Averagely For N801.09 per litre – NBS
The average retail price of gasoline paid by consumers in October was N801.09 per litre, according to the National Bureau...
President Buhari Officially Unveils Newly Redesigned Naira Noted
This morning, the President of Nigeria unveild the new N200, N500, and N1,000 notes. Following the kickoff of this week’s...
FG To End Fuel Subsidy 2023
The Federal Government says it will end payment of fuel subsidies by 2023, OduNews reports.
Local Stock Market Investors Lose N78bn
Investors at the Nigerian Exchange (NGX) Limited lost N78 billion on the back of profit-taking in some sectors, OduNews reports.
Financial Sector Retains Dominance At Customs Street
The Financial sector led the trading activities at the Nigerian Exchange (NGX) limited last week with two banks driving the sector's turnover by 85%.
Crude Oil Price Gains 3% As China Eases COVID-19 Restrictions
Crude oil prices gained by 3% on Friday following the Chinese government's lifting of COVID-19 restrictions
AfDB Disburses Over $1.1bn To 20,500 Nigerian MSMEs
The African Development Bank says it has disbursed over $1.1 billion worth of interventions to 20,500 Nigerian based Micro, Small and Medium Enterprises.
Naira Appreciates To N740 Per Dollar At Black Market
The Naira appreciated significantly at the Peer-to-peer and parallel markets on Thursday selling between N740 and N750 per dollar.
MRS Oil, Dangote Cement, Others Boost Equities Market By N253.4bn
The Nigerian Exchange (NGX) Limited closed in the green zone on Thursday as gains in the shares of Dangote cement and others boosted the market by 1.07%
Zenith Bank Launches Pitch Competition For Nigerian Tech Startups
Zenith bank has launched its pitching competition for Nigerian entrepreneurs with tech-enabled, scalable solutions designed to innovate businesses from different industries.
CBN Slashes 364-Day Treasury Bill Stop Rate By 0.51%
The Central Bank of Nigeria has slashed the 364-day treasure rate at the primary market by 0.51%.
Nigeria’s Oil Production Surpasses 1m Bpd In October
Nigeria's oil production in October surpassed 1 million barrels per day, a feat that has not been achieved since July, OduNews reports.
Binance Withdraws From Buying Troubled FTX
Renowned crypto exchange platform Binance has withdrawn from purchasing rival platform FTX, OduNews reports.