One person has reportedly been killed in Osogbo, the Osun state capital, after gunmen attempted to gain access to Davido, the award-winning Nigerian singer.
Absa closed 79 branches and more than 100 ATMs as rising digital adoption reshaped banking, while the lender expanded smaller service outlets across South Africa.
The Central Bank of Nigeria has announced a new Customs duty exchange rate for cargo clearances at Nigeria's ports as naira appreciates in the official market.
The exchange rate of the naira against the dollar in the NFEM fell by 35.53% in the first quarter of 2024, from N841.15/$ in the fourth quarter of 2023 to N1,304/$.
Another billionaire has overtaken Aliko Dangote as Africa's richest man after the Nigerian lost about $587 million in 24 hours due to fall in Dangote Cement shares.
FCMB Group Plc held a Facts Behind the Offer session recently at the Nigerian Exchange as part of its recapitalization drive aimed at raising N110.9billion.
The Nigerian currency has depreciated against the US dollar in both the official and unofficial foreign exchange markets, leaving CBN with more headaches.
Following the $1 billion loss of Nigeria's second-richest man, Abdulsamad Rabiu, chairman of BUA Foods, an APC member called on authorities to fortify the naira.
The has announced a surge in remittance inflows, which climbed to $553 million in July 2024, marking a 130% increase compared to the same period in 2023.
The National Bureau of Statistics has released new data showing the Nigerian states with the lowest petrol prices, with Kwara State leading the list.
The naira ended last week mixed, weakening against the pound and dollar but strengthening against the euro, prompting the CBN to reconsider forex policies.
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