Naira shows stability in official market, maintains N1,550/$ bandwidth
The Nigerian naira remained stable in the official market during the second trading session of the week, as demand for the US dollar eased. According to data from the Central
Foreign investment in Nigeria equities hits highest level since 2020
Foreign portfolio investments (FPI) in Nigerian equities have surged to their highest levels since the COVID-19 pandemic, reaching $284 million in the first nine months of 2024. This represents a
Electronic FX platform seen promoting transparency
Analysts have welcomed the Central Bank of Nigeria’s (CBN) introduction of the Electronic Foreign Exchange Matching System (EFEMS), describing it as a positive step towards improving transparency and efficiency in
From Classroom to Boardroom: The Real-World Value of an MSc in Accounting and Finance
An MSc in Accounting and Finance offers a transformative journey, equipping students with the knowledge and skills to transition seamlessly from academic settings to influential roles in the business world.
NBS Reports Nigeria’s Unemployment Rate Falls to 4.3% in Q2 2024
The National Bureau of Statistics (NBS) has announced that Nigeria’s unemployment rate dropped to 4.3% in the second quarter (Q2) of 2024, down from 5.3% in the first quarter (Q1)
Meeting Global Demand: Why the UK is a Top Destination for Higher Education Aspirants
In an increasingly interconnected world, the global demand for quality higher education is surging. UK universities, renowned for their rich academic heritage, are rising to the challenge by adopting innovative
Driving Growth: Nigeria’s $1trn economy achievable with key policies
Nigeria has set an ambitious goal to build a $1 trillion economy by 2030, a vision deemed achievable if decisive policies are implemented within the next three years. Financial analyst
Nigeria records N6.9trn trade surplus in Q2 2024
Nigeria has reported a trade surplus of ₦6.95 trillion for the second quarter of 2024, according to the National Bureau of Statistics (NBS). This figure marks a 6.60% increase from
Nigeria’s Forex Inflows Surge in Q2 2024 Amid Currency Pressures
Nigeria experienced a significant boost in its net foreign exchange (forex) inflows in the second quarter of 2024, a positive development amid ongoing currency depreciation pressures. According to data from
Naira appreciates by 0.07% against dollar in Official Market
The Nigerian naira showed notable strength at the official foreign exchange market the previous week, closing at N1,600 per US dollar. This gain represents an improvement of N1.20 or 0.07%
IMF Projects Slower Economic Growth for Nigeria in 2024
The International Monetary Fund (IMF) has adjusted its economic forecast for Nigeria, predicting a slowdown in the country’s economic growth for 2024. In its latest World Economic Outlook report, released
Nigeria’s Foreign Reserves Rise by 12.74%: A Promising Outlook for Economic Stability
In a significant development for Nigeria’s economy, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), recently announced a 12.74% increase in the nation’s foreign reserves, which now
