Money
Full ranking: GTBank, Zenith lead, Wema 10th in list of Nigeria’s most profitable banks in 2024
Nigerian commercial banks have reported a further increase in their profit in the first half of 2024, with Guaranty Trust Bank leading the pack during the period.
Dangote overtakes American billionaire, emerges as world’s richest Black man, earns N24trn in hours
Nigeria's Aliko Dangote has emerged as the richest black man in the world after earning a massive $15 billion in 24 hours, clinching the position from David Seward.
CBN clarifies role in forex market as naira crashes to N1,660/$1
Olayemi Cardoso, the governor of the Central Bank of Nigeria, has provided the reasons for the naira's free fall against the US dollar and other currencies.
Oil magnate, Akinduro sues EFCC, demands N5 billion for Declaring him wanted unlawfully
A Nigerian business man, Henry Mobolaji Akinduro, has protested being declared wanted by the Economic and Financial Crimes Commission (FECC), saying it's unlawful.
Dangote's wealth rises to highest level in history after making over N24trn in 24 hours
Aliko Dangote's net worth has reached a historical level after making over N24 trillion in just 24 hours, and he is now back among the world's top 100 billionaires.
Naira gets new ranking as World Bank releases list of Africa’s worst performing currencies in 2024
The Nigerian currency has been ranked among the worst-performing currencies in Sub-Saharan Africa, moving up two places from its previous ranking in 2023.
BDC reports changes in exchange rate as naira loses to dollar in parallel market
On October 14, 2024, the Nigerian naira hit a new record low, closing at N1,700 per dollar on the parallel market, according to data from BDC operators.
Naira reverses gain, crashes by over N100 in hours against US dollar
The Nigerian currency continued its decline against the United States Dollar on the Nigerian Autonomous Foreign Exchange Market despite CBN intervention.
Dollar crashes in black market as CBN releases new exchange rates for pound, euro
There is an improvement in the naira's value both in the official and unofficial foreign exchange markets, giving hope of better days ahead for Nigerian currency.
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