Business
Foreign Investments In Nigeria’s Stock Increase By 204%
Nigeria’s stock market sees a 204% rise in foreign investments in Q2 2024, reaching $150 million.
9 October 2024
Foriegn Exchange
Business
Naira Rebounds After a Long Streak of Depreciation
The Naira experiences a rebound after an extended depreciation, offering hope for economic stability in Nigeria.
27 September 2024
Breaking News
Dollar knocks Down Naira in Final Trading of August
The naira slumps to N1,598/$1 amid complex FX market dynamics, while the U.S. dollar index rallies on inflation data, influencing Federal Reserve rate expectations.
31 August 2024
Business
Nigeria Cocoa Exports Triple As Demand Continues To Increase
The causes of the skyrocketing demand of cocoa from Nigeria to the weakened state of the naira, making it cheaper to buy from Nigeria
29 August 2024
Business
Irregular Dollar Supply From CBN Stalling Forex Operations – BDC Operators
BDC Operators are calling for the CBN to increase the frequency (and volume) of supply of dollar to at least once or twice every week.
20 August 2024
Business
BDC rate appreciated to N1,590/US, Investors Gain As NGXASI Rises
Ogasabi on 9am news brings you the latest Breaking news on the BDC rate and the Nigerian equities market which
10 August 2024
Business
Nigeria Passes New Finance Amendment Bill Into law
the new finance bill was a proposal mandating banks to turnover as high as 50% of their profits from foreign exchange operations as tax to the federal government
24 July 2024
Business
Dangote Group to become Nigeria’s top forex supplier
Breaking News: The Dangote Group is aiming for $30 billion in earnings by year 2025, this will place the group
15 July 2024
Business
CBN warns banks, FX traders against rejecting old or low denomination dollar notes
Independent findings made by 9AM News Nigeria resulted in the confirmation of a stark pattern of commercial banks and forex dealers turning down old dollar notes or dollar notes of lower denominations
3 July 2024
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