Ecobank Restates Commitment To Excellent Service Delivery
Ecobank Nigeria Limited says that is committed to delivering excellent services to its customers, OduNews reports.
Naira Nears N750 Per Dollar At Black Market
The continued scarcity of forex has pushed the exchange rate between the naira and dollar to N740 on Tuesday, OduNews can confirm.
Oil Hits $88 Pb As OPEC+ Considers 1 Million Barrels Per Day Cut
Brent Crude Oil price rose to $88 per barrel on Monday as OPEC+ mulls cutting output by more than 1 million barrels per day.
Telecos To Withdraw USSD Services From Banks
Telecommunication operators have threatened to withdraw their service support to banks as the Unstructured Supplementary Service Data (USSD) debt rises to N80 billion.
NBS: All-Commodity Group Import Index Falls By 0.07%
The National Bureau of Statistics says the All-Commodity Group Index on average has reduced by 0.07% despite the increase recorded in vehicles, aircraft and parts.
Moghalu Rubbishes Bill Seeking Removal Of CBN Governor As Board Chairman
Kingsley Moghalu says the bill seeking to remove the central bank of Nigeria governor as the bank's board chairman is catastrophic.
Naira fall To N437 Against Greenback At I&E Window
The Nigerian currency fell to N437 per dollar at the official market following a 95% surge in forex demands.
Nigeria’s Dependence On Importation Worsening Food Crisis – IMF
The International Monetary Fund says overreliance on importation has worsened the food crisis in Nigeria and other sub-Saharan countries.
Domestic Debt Servicing Rises By 46% To N1.33trn In H1 2022
The Nigerian government expenses on debt servicing increased by 46% to N1.33 trillion in the first half of 2022, OduNews reports.
NASD OTC Market Cap Dips By N1.17bn
The NASD Over-the-Counter Securities Exchange dipped by N1.17bn on the back of losses recorded by Niger Delta Exploration and Production (NDEP).
Maritime Sector Accounts For 70% Of Global Trade
The Nigerian government says 70% of the country's global trade is transported through the maritime sector.
NGX All-Share Index Surpasses Inflation In Three Years
The Nigerian Exchange Limited All-Share Index outperformed the average inflation in the country in a cycle of three years.
Bears Return To Local Stock Market As Investors Lose N111.62bn
The Nigerian Exchange (NGX) Limited returned to negative territory on Thursday as investors recorded N111.62 billion, OduNews reports.
MPR Hike To 15.5% Not Textbook Economy Step – CBN
The Central Bank of Nigeria has responded to critics of its recent hike in the Monetary Policy Rate to 15.5%, insisting the step is not a textbook or academic one.
Microsoft Bolsters Partnership With AfDB To Promote Youth Entrepreneurship
Microsoft has partnered with the African Development Bank (AfDB) to develop youth entrepreneurship ecosystems in Africa.
Nigeria’s Crude Oil Export Hits Record-High Of N11.5trn In H1’22
Nigeria's crude oil export surged to N11.5 trillion in the first six months of 2022, the highest ever recorded in such a period.
Naira Depreciates Against Dollar Across FX Markets
The value of the naira plunged against the dollar across the various foreign exchange market segments over the start of political campaigns.
NASD Market Index Closes Flat
The NASD Over-the-Counter Securities Exchange recorded zero gains and zero losses during the midweek trading session, OduNews reports.
NGX Group Sets Up New Board
The Nigerian Exchange Group (NGX Group) is set to reconstitute its board to reflect shareholding structures.
Investors Gain N13.7bn As NGX Index Rebounds By 0.02%
The Nigerian Stock Exchange (NGX) Limited closed on a positive note on Tuesday with the market index moving up by 0.02%.