Currency outside banks surges as Nigerians keep 94% as cash in hand – March 2024 report
Nigerians have increased their hoarding of cash, with as much as 94% of the currency in circulation held outside banks by March 2024.
An analysis...
NGX starts May on bullish note as investors gain N300 billion
The NGX kicked off the month of May on a bullish note with the All-Share Index appreciating by 0.55%, gaining 537.15 points to close...
NDIC raises deposit insurance coverage for bank customers in Nigeria to N5 million
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banks.
Effective immediately, the new...
The biggest mess created for 2023 was actually the devaluation of the naira from N460 to N1,400. – Dangote
The biggest mess created for 2023 was actually the devaluation of the naira from N460 to N1,400. - Dangote
Aliko Dangote, the chairman of Dangote...
Major consumer goods companies record N839.2 billion forex losses in 2023
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion in the 2023 financial...
