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A service for FOREX trading professionals · Friday, May 2, 2025 · 808,773,839 Articles · 3+ Million Readers
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Nigerian Naira (NGN) News Monitoring

  • Published on 02:04 GMT

    CBN raises N804bn at open market auction

    The Central Bank of Nigeria has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, April 29, 2025, as investors continued to chase high-yield securities amid excess liquidity and elevated inflation expectations. Total …

    Source: Punch - Indeterminate
  • Published on May 1, 2025

    ‘Nigerians keep wealth in non-monetary assets’ — FRC insists economy not hyperinflationary

    The Financial Reporting Council (FRC) of Nigeria says the country’s economy is not yet eligible to be addressed as hyperinflationary due to its positive economic outlook. On January 23, the council said Nigeria does not qualify as a hyperinflationary …

    Source: The Cable - Neutral
  • Published on May 1, 2025

    Why IAS 29 shouldn’t be applied for 2025 financial statement preparation – FRC

    The Financial Reporting Council (FRC) has articulated clear reasons why International Accounting Standard (IAS) 29 should not be applied in the preparation of financial statements for the 2025 financial year, while affirming its commitment to continuously …

    Source: Business Day - Neutral
  • Published on May 1, 2025

    2027: Five gilt-edged reasons for a Peter-Rufai ticket

    As the 2027 election circle inches, the tempo of political activities are noticeably rising up in the polity with political realignments within and among political parties. There have been defections from notably the opposition People’s Democratic Party ( …

    Source: The Cable - Neutral
  • Published on May 1, 2025

    ‎"If You Are A Well-known Business Man With Address; Please, Don't Spray Money - Cubana Chief Priest Warns Popular ...

    ‎Popular businessman, Pascal Okechukwu, best known as Cubana Chief Priest, has warned famous Nigerians to avoid spraying money in public places following the recent clampdown on individuals who err by the Economic and Financial Crimes Commission, EFCC. ‎ ‎ …

    Source: The Nigerian Voice - Indeterminate
  • Published on May 1, 2025

    Analysing the Global CBDC Landscape Amid US Policy Reversal

    President Donald Trump's executive order banning Central Bank Digital Currencies (CBDCs) in the United States while promoting “responsible innovation and financial freedom” has created a significant shift in the global digital currency landscape.  This …

    Source: FinTech Magazine - Neutral
  • Published on May 1, 2025

    As Boko Haram threat grows, USAID cuts cripple the economy and the response

    International aid cuts – most dramatically the stop-work orders implemented by the United States – are not only hitting relief programmes worldwide, but they’re also taking their toll on the local economies that support those humanitarian efforts. The city …

    Source: The New Humanitarian - Left-wing
  • Published on May 1, 2025

    Platnova Celebrates 2 Years of Redefining Financial Access Across Africa and the Diaspora

    Platnova, one of Nigeria’s fastest-growing fintech platforms, is proudly celebrating its second anniversary — marking two years of innovation, customer-centric growth, and global impact.Since its launch in 2023, Platnova has remained committed to its …

    Source: Pulse - Neutral
  • Published on May 1, 2025

    Nigerian companies spent N164 billion on travel in 2024 as costs of airfares, hotel rates, and logistics soared 

    Corporate Nigeria significantly increased its travel-related expenditures in 2024, with 20 listed firms on the Nigerian Exchange (NGX) spending a combined N164.4 billion on business travel and associated logistics. This is according to data compiled by …

    Source: Nairametrics - Neutral
  • Published on May 1, 2025

    MOFI to spend N1 trillion on housing schemes across Africa

    The Ministry of Finance Incorporated (MODI) is set to invest N1 trillion in housing schemes across Africa. The Chief Executive Officer of MOFI, Dr Armstrong Takang, disclosed this in Abuja while signing a memorandum of understanding (MoU) with Shelter …

    Source: The Guardian (Nigeria) - Indeterminate
  • Published on May 1, 2025

    Reforms, strong earnings push investors’ gain to N3.6tr in four months

    Investors on the Nigerian Exchange (NGX) have recorded a substantial gain of approximately N3.6 trillion in the first four months of 2025, reflecting a strong and sustained bullish trend in the equities market. This remarkable growth is being driven by a …

    Source: The Guardian (Nigeria) - Indeterminate
  • Published on May 1, 2025

    MOFI, development bank sign MoU on housing finance

    The Federal Government has signed a Memorandum of Understanding with Shelter Afrique Development Bank to strengthen Nigeria’s housing sector through the expansion of the MOFI Real Estate Investment Fund. The agreement, which was signed in Abuja, aims to …

    Source: Punch - Indeterminate
  • Published on May 1, 2025

    MTN commits N202.4bn to network upgrade

    MTN Nigeria, the country’s largest telecommunications operator, has allocated N202.4bn to bolster its network infrastructure in the first quarter of 2025, marking a 159 per cent increase from the previous year. The investment surge follows regulatory …

    Source: Punch - Indeterminate
  • Published on Apr 30, 2025

    Nigerian judge adjourns Binance tax evasion case to May 12

    ABUJA :A Nigerian judge on Wednesday adjourned a tax evasion case against the world's largest crypto exchange until next month after the revenue service asked for permission to serve court documents by email to Binance. Earlier this month, the …

    Source: Channel News Asia - Pro-Government
  • Published on May 1, 2025

    Happy Workers’ Day

    May 1st is a day set aside to celebrate workers worldwide. Globally, it is recognised as International Labour Day. In 1980, it was first recognised and accepted as a public holiday in Nigeria by the Peoples Redemption Party (PRP) of Kano State. In 1981, it …

    Source: The Sun Nigeria - Indeterminate
  • Published on Apr 30, 2025

    First HoldCo after-tax profit falls 17% to N186.5bn in Q1

    First HoldCo Plc, the parent company of Nigeria’s oldest bank, First Bank, in its first quarter results, revealed a 17.8 percent decline in its after-tax profit due to a decline in net gains from investments in securities. According to analysis by …

    Source: Business Day - Neutral
  • Published on Apr 30, 2025

    MTN Executives Reduce Pay After $592 Million Loss in Turbulent Year

    MTN Group’s senior leadership, including CEO Ralph Mupita, accepted significant salary reductions in 2024 after the telecommunications conglomerate reported a $592 million annual loss. The financial downturn, driven by currency instability in Nigeria, …

    Source: News Ghana - Indeterminate
  • Published on Apr 30, 2025

    MTN Grows Service Revenue By 40.5% To N1.0tn In Q1 2025

      MTN Nigeria Communications Plc has reported a growth in its service revenue by 40.5 per cent to N1.0 trillion in the first quarter ended 31 March, 2025. The report was released by the communications firm on Wednesday. Highlights: Total subscribers …

    Source: Channels TV - Neutral
  • Published on Apr 30, 2025

    As Wike prepares for May 29

    Three years ago, I wrote a piece which I titled Capitol of the Dank, Dark, Dirty and Dangerous. It was my personal assessment of notable, multisectoral degeneration in Abuja, Nigeria’s capital city, which is supposed to be Africa’s showpiece to the world. …

    Source: The Cable - Neutral

03 days 20:08:18

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