Crypto, Nigerians Escape Route Amid Falling Naira
[ODUNEWS] July 28 – Following the recent fall in the Naira to Dollar exchange markets, many Nigerians have resorted to...
FCMB Records N15.4bn In Profit Before Tax In H1 2022
First City Monument Bank Group Plc recorded N15.4 billion in profit before tax deduction at the end of the first half of 2022.
Meta Revenues Fall For The First Time As Advertising Sales Dry Up
[ODUNEWS] July 28 – Revenues at Facebook-owner Meta have fallen for the first time as user growth dwindles and advertising revenues dry up. Sales...
NGX Records 0.50% Loss As Naira Value Pushes Traders To Sell Stocks In Panic
The Nigerian Exchange (NGX) Limited key trading indices depreciated for the seventh straight session on Wednesday by 0.50%.
JUST IN: Emefiele’s Failure Continues As Naira Jumps To N705 Per Dollar At Parallel Market
The value of the naira has fallen further from N705 to a dollar in the parallel market, findings by OduNews...
NNPC Records Huge Loss As Subsidy Exceeds Oil Revenue By N210bn In H1 2022
The Federal Government recorded zero remittances to the federation account from the Nigerian National Petroleum Commission throughout the first half...
Naira To Dollar Exchange Rate Further Falls To ₦685/$1 At Peer-To-Peer (P2P) Forex Market
[ODUNEWS] July 27 – The exchange rate between the Nigeria Naira(₦) and the US dollar($) has fallen to a record...
Nigeria’s Excess Crude Account Falls To $376,655 From $35.7m
Nigeria’s economic woes became more evident on Tuesday as the Federal Government disclosed that the country’s Excess Crude Account balance...
Naira Hits N688 Per Dollar At P2P Market
The depreciation of the Nigerian currency against the dollar continued on Wednesday with the currency being exchanged for N688 per dollar at the Peer-to-peer market.
FAAC Disburses N802.4bn June Revenue To FG, States
The Federation Account Allocation Committee has disbursed N802.4 billion to the federal government, states and local governments. The funds represented...
Naira Weakens To N670 Per Dollar At Parallel Market
The value of the Naira is depreciating at an alarming rate with the currency exchanging for N670 per dollar on Tuesday at the parallel market.
IMF Pegs Nigeria’s 2022 Growth Prospect At 3.4%
The International Monetary Fund has pegged the growth prospect of Nigeria in 2022 at 3.4%, OduNews reports. This was made...
Panic Sales In NGX As Stock Exchange Loses 1.11%
The Nigerian Exchange Limited (NGX) witnessed panic selling leading to the stock exchange plunging by 1.11% during the session.
NASD Index Drops By 0.67% As Rise In Stock Prices Persist
Transactions closed bearish by 0.67 per cent in the 29th week of trading in 2022 amid rise in the prices of stocks at the NASD Over-the-Counter (OTC) Securities Exchange.
“Illegal For Political Campaign Purposes” – CBN Clears Air On Currency Conversion Controversy
The Central Bank of Nigeria has given a clarification on the illegality of converting Naira to other currencies.
Interest Rate Increase Takes Toll On Equity Market As NGX Remains In Red Zone
The Increase in the baseline interest rate and rising inflation have taken their toll on the equity market as the Nigeria Stock Exchange remained in the red zone on Thursday.
Debt Servicing Exceeds Buhari’s Government Revenue By N310bn In Q1’22
The cost of servicing debt within the first four months of 2022 has exceeded Buhari's government revenue by N310 billion, OduNews reports.
Stanbic IBTC Emerges As Best Sub-Custodian Bank In Nigeria
Stanbic IBTC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the best sub-custodian bank in Nigeria at the 2022 edition of the Global Finance Awards.
Value Of Naira Nears ₦650 Per Dollar At Parallel Market
The value of the naira fell further in the parallel market on Thursday with the currency being sold for N646 per dollar.
Dana Air, Aero Contractors Stop Operations
The Nigerian Civil Aviation Authority has suspended the operations of Dana Airlines, OduNews reports.