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Nigerian Naira (NGN) News Monitoring

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Published on 12:36 GMT

From 6 Kobo to ₦1,609: How Naira to Dollar exchange rate fell from grace to grass

The Nigerian Naira (₦), once nearly at par with the US Dollar, has suffered severe depreciation over the decades.From ₦0.658 to $1 in 1972 to a whooping ₦1,609 to $1 in 2025, the journey of the Naira reflects broader economic, political, and structural …

Source: Pulse - Neutral
Published on 10:04 GMT

Naira Slips As CBN Eases FX Intervention Amid Liquidity Shortfall

The naira weakened at the Central Bank of Nigeria’s (CBN) official foreign exchange market (NFEM), closing at N1,609.63 per dollar on Thursday, as the apex bank moderated its recent aggressive interventions in the FX market. After months of heavy …

Source: Biz Watch Nigeria - Indeterminate
Published on 15:11 GMT

Nigeria's Senate passes tax reform bills to boost government revenue

Nigeria's Senate passed four tax reform bills on Friday aimed at boosting government revenue, nearing completion of a plan that has faced criticism and pushback from within President Bola Tinubu's ruling All Progressives Congress. After ending …

Source: Zawya - Indeterminate
Published on 10:49 GMT

Gospel Singer Mercy Chinwo’s Ex-Manager EeZeeTee Granted ₦20m Bail Over Alleged $397,106 Forex Fraud

Former manager of gospel artist Mercy Chinwo, Ezekiel Onyedikachukwu, popularly known as ThankGod or EeZeeTee, has been granted bail by the Federal High Court in Lagos in the sum of N20 million over allegations of a $397,106 foreign exchange transaction …

Source: Sahara Reporters - Left-wing
Published on 06:16 GMT

Naira continues depreciation against dollar across official, black FX markets

The naira continued to depreciate against the dollar across official and parallel foreign exchange markets on Thursday. Central Bank of Nigeria exchange rate data on Thursday showed that the Naira weakened further to N1609.64 per dollar from N1,608.60 …

Source: Daily Post - Neutral
Published on 04:49 GMT

ACCI raises concerns over China-Nigeria currency swap deal

The President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu, has called on the Nigerian Government to take urgent and strategic steps to enhance the ease of doing business with China. He particularly emphasised the need to fast-track …

Source: Punch - Indeterminate
Published on 03:26 GMT

EFCC grills comedian AY over alleged Naira abuse, others

Comedian and actor Ayo Makun, popularly called AY has confirmed an invitation by the Economic and Financial Crimes Commission (EFCC) over alleged Naira abuse. AY disclosed the development via a statement on his Instagram page on Wednesday, that he was …

Source: Blueprint Newspapers Limited - Pending
Published on May 8, 2025

Toni Payne Criticizes EFCC’s Focus On Naira Abuse, Questions National Priorities

Nigerian photographer and influencer Toni Payne has criticised the Economic and Financial Crimes Commission (EFCC) for its recent focus on the issue of naira abuse by Nigerian celebrities. In a passionate social media post on Wednesday, Payne expressed her …

Source: Information Nigeria - Neutral
Published on May 8, 2025

Airtel Nigeria revenue fell by 30.4% to $1.04bn, returns to profit in African markets

Mobile network provider Airtel Nigeria has reported a 30.4 per cent drop in revenue to $1.04 billion for the financial year ending March 31, 2025. The loss was attributed to a significant decline in Naira devaluation, while the subscriber base grew to 53.3 …

Source: Technext - Neutral
Published on May 8, 2025

ACCI urges full currency swap, says Nigeria-China trade under 10%.

The President of the Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, has urged the Federal Government to fast-track the full implementation of the Nigeria–China currency swap agreement to enhance the ease of doing business with China. …

Source: The Guardian (Nigeria) - Indeterminate
Published on May 8, 2025

BLOOMBERG: Nigeria Pays Off IMF’s $3.4 Billion Covid Loan to Exit Debt List

President Tinubu Nigeria has paid off $3.4 billion borrowed from the International Monetary Fund during the Covid-19 pandemic, exiting the list of countries that are in debt to the Washington-based lender. Finance Minister Wale Edun confirmed via text …

Source: The News (Nigeria) - Indeterminate
Published on May 8, 2025

Airtel Africa overturns annual loss to post $328 million profit as Naira devaluation pressure eases

Airtel Africa plotted its way back to profitability as it turned $328 million in net profit for the last financial year, not so much by expanding revenue as by cutting down the weighty fx losses that dogged performance in the preceding year. Its unaudited …

Source: Premium Times - Neutral
Published on May 8, 2025

Naira Devaluation Hits Airtel Africa’s Revenue

Share Airtel Africa has reported a net profit of $80 million for the fiscal fourth quarter of 2025, a sharp contrast to the $91 million net loss recorded in the same period in 2024. The improvement was driven by growth in customer base and increased data …

Source: New Telegraph - Pending
Published on May 7, 2025

Naira Performance Mixed In April As CBN Deploys $2.48bn In FX Market

The Nigerian naira displayed a mixed trajectory across various foreign exchange windows in April, as the Central Bank of Nigeria (CBN) intervened in the currency market with a $2.48 billion injection aimed at stabilising the local unit, while external …

Source: Biz Watch Nigeria - Indeterminate
Published on May 8, 2025

Equipment Leasing Act underpins Nigeria’s stellar market

Nigeria offers huge market potential with its large economy, digitalisation, and rapidly growing population, a fact already demonstrated in terms of pure business volume. Outstanding leases in the country totalled ₦4.19 trillion (£5.29 billion) in 2023, …

Source: Leasing Life - Pending
Published on May 8, 2025

Naira Faces Fresh Pressure at Official Market Despite CBN Interventions

Nigeria’s local currency, the naira, came under renewed pressure this week as it slid to ₦1,612 per dollar at the official foreign exchange window on Wednesday, May 7, 2025. This marks a slight decline from ₦1,609 recorded the previous day, reflecting …

Source: The News Chronicle - Neutral
Published on May 7, 2025

CBN Injects $2.5 Billion Into FX Market To Support Naira In April

The Central Bank of Nigeria (CBN) deployed an estimated $2.5 billion into the foreign exchange market in April to stabilise the naira against mounting pressures. The move followed increased demand for the US dollar amid capital flight and heightened …

Source: Biz Watch Nigeria - Indeterminate
Published on May 8, 2025

Naira Weakens Against Dollar Despite CBN’s $50 Million FX Injection

Despite the Central Bank of Nigeria (CBN)’s recent intervention in the foreign exchange market, the naira continued to decline across official and parallel market segments due to persistent dollar scarcity. The CBN’s official FX spot rate showed that the …

Source: Biz Watch Nigeria - Indeterminate
Published on May 8, 2025

Airtel Africa FY4Q net profit at $80 million; forex charge drags growth versus FY3Q

New Delhi: Bharti Airtel’s Africa unit reported $80 million in net profit, compared to a net loss of $91 million, a year ago, in the fiscal fourth quarter, driven by an increase in its customer base and higher data usage, which offset higher finance costs. …

Source: ETTelecom.com - Pending

03 days 05:55:14

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Published on May 9, 2025 - 20:30 GMT

The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash

MIAMI BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund will pay a distribution pursuant to the Fund’s managed distribution policy (the “Policy”) using a …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 21:00 GMT

Tree Island Steel Announces First Quarter 2025 Results

VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) -- Tree Island Steel (''Tree Island'' or the ''Company'') (TSX: TSL) announced today its financial results for the three months ended March 31, 2025. For the three- …

Distribution channels: Business & Economy, Energy Industry ...

Published on May 9, 2025 - 20:05 GMT

Allarity Therapeutics Provides First Quarter 2025 Update, Highlighting Continued Stenoparib Benefit and Upcoming Trial ...

- Stenoparib continues to demonstrate clinical benefit in heavily pre-treated ovarian cancer, with two patients remaining on treatment for more than 19 months - Initiated utilization of share repurchase program - Cash and restricted cash balance …

Distribution channels: Healthcare & Pharmaceuticals Industry, Media, Advertising & PR ...
Published on May 8, 2025 - 13:56 GMT

Forex Bonus Arbitrage: Understanding the Risks of Unethical Trading Practices

DUBAI, UNITED ARAB EMIRATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- DB Investing highlights a growing trend in the forex trading industry involving the misuse of losable forex bonuses through arbitrage strategies. This development has raised concerns …

Distribution channels: Banking, Finance & Investment Industry ...

Published on May 8, 2025 - 10:11 GMT

Markets at a Crossroads: EBC Financial Group Examines Biggest Post-Pandemic Divergence in Central Bank Policies

Global rate paths diverge as markets react to U.S. tariffs, Eurozone easing, and escalating geopolitical risks. DC, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- In a world where central banks once moved in lockstep, traders are now facing a …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 8, 2025 - 10:08 GMT

Markets at a Crossroads: EBC Financial Group Examines Biggest Post-Pandemic Divergence in Central Bank Policies

Global rate paths diverge as markets react to U.S. tariffs, Eurozone easing, and escalating geopolitical risks. DC, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- In a world where central banks once moved in lockstep, traders are now facing a …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 8, 2025 - 10:07 GMT

Markets at a Crossroads: EBC Financial Group Examines Biggest Post-Pandemic Divergence in Central Bank Policies

Global rate paths diverge as markets react to U.S. tariffs, Eurozone easing, and escalating geopolitical risks. DC, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- In a world where central banks once moved in lockstep, traders are now facing a …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 9, 2025 - 17:06 GMT

GXO meldet Ergebnisse für das erste Quartal 2025

Umsatz steigt im ersten Quartal gegenüber dem Vorjahr um 21 % auf 3 Milliarden USD, bei einem organischen Umsatzwachstum von 3 % Die Umsatzpipeline wurde auf ein Dreijahreshoch von 2,5 Milliarden USD gesteigert, Wincanton ausgenommen Rückkauf von 2,8 …

Distribution channels: Business & Economy, Shipping, Storage & Logistics ...

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Published on May 9, 2025 - 21:21 GMT

Pristine Oceanfront Estate in Prestigious Golden Beach, Florida To Sell at Auction via Sotheby’s Concierge Auctions

Waterfront Masterpiece to Sell in Cooperation with Lydia Eskenazi & Jonathan Bigelman of ONE Sotheby’s International Realty NEW YORK, NY, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- One of the most remarkable oceanfront estates to ever …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 9, 2025 - 21:07 GMT

Mia DiLeo Named First Female Recipient of Edgar Family Foundation Scholarship

Mia DiLeo becomes the first female recipient of the Edgar Family Foundation Scholarship after signing to play Division I soccer at UC Riverside. RIVERSIDE, CA, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- The Edgar Family Foundation is proud …

Distribution channels: Banking, Finance & Investment Industry, Law ...
Published on May 9, 2025 - 20:00 GMT

Payroll Service Providers Deliver Enterprise Security and Scalable Efficiency for Washington Businesses

Discover how payroll service providers are reshaping payroll with digital tools, real-time data, and total compliance. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Payroll processing is a necessary but difficult task for small …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 19:23 GMT

Concierge Auctions: Casa En Maui Achieves Highest Sale Price to Date in Maui This Year in cooperation with Hawaii Life

Sale Pending for $US28.56M in Just Two Months for Estate Owned By Yellowstone Actress Barret Swatek and Adam Weiss and Listed by Matt Beall and Josh Jerman NEW YORK, NY, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Concierge Auctions …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 9, 2025 - 18:49 GMT

Executives Discuss Trade Uncertainty and Share Trends and Insights at the 3PL Value Creation Asia Summit

The summit brings together executives from third-party logistics (3PL), supply chain and logistics professionals, investors, and technology experts. BROOKFIELD, WI, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- On July 9th, Armstrong & …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 9, 2025 - 18:41 GMT

MNEE Expands Transparency with Monthly Third-Party Reserve Attestations Audited by Wolf & Company, P.C.

LONDON, UNITED KINGDOM, May 9, 2025 /⁨EINPresswire.com⁩/ -- MNEE, a USD-backed stablecoin designed for instant payments with no gas tokens required, has announced the launch of its third-party monthly reserve attestation engagement with Wolf and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 9, 2025 - 18:00 GMT

Utah Small Businesses Adopt Online Payroll Services to Tackle Compliance and Efficiency Challenges

Small businesses in Utah adopt online payroll services for smoother operations and improved compliance management. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Advanced digital payroll solutions are more important than ever as Utah's …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 18:00 GMT

Outsource Accounts Receivable Services Adopted in Wyoming to Drive Growth and Improve Cash Flow

Discover how outsource accounts receivable services can boost cash flow, improve financial stability, and streamline operations. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Delays in business payments are becoming more prevalent, …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 18:00 GMT

Colorado Businesses Turn to Outsource Accounts Receivable Services to Overcome Payment Delays

Colorado businesses are increasingly adopting outsource accounts receivable services to streamline operations and improve cash flow amid growing payment delays MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- The financial health of …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 18:00 GMT

Outsource Accounts Receivable Services Transforms Texas Firms' Financial Agility

Outsource accounts receivable services helps Texas firms manage late payments and improve financial stability and operational efficiency. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Unsettled invoices are stacking up nationwide, …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 17:15 GMT

Sticky Brand Named Best Sticker and Label Company in Vermont, Winning 2025 Best of Business Award

BURLINGTON, VT, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Sticky Brand wins 2025 Best of Business Award as the best sticker and label company in Vermont. Sticky Brand was recognized by VermontBIZ as a winner in their Best of Business (BOB) …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 9, 2025 - 17:00 GMT

Payroll Service Providers Help Oregon Businesses Thrive in a Competitive Market

Oregon businesses can improve efficiency and gain a competitive advantage by partnering with a reliable payroll service provider. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Payroll management remains a challenging but critical …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 17:00 GMT

IBN Technologies Elevates Online Payroll Services for Small Businesses Across New Jersey

Online payroll services in New York drive business growth by ensuring compliance, accuracy, and workforce adaptability. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- As New Jersey’s business ecosystem rapidly adapts to digital …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 16:58 GMT

GenBio is Researching the Obesity Epidemic Affecting Over One Billion People Worldwide

ALISO VIEJO, CA, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- The increase in the prevalence of obesity over the last fifty years has been described as a pandemic that increases the risk of many diseases, including cardiovascular disease, …

Distribution channels: Banking, Finance & Investment Industry, Conferences & Trade Fairs ...
Published on May 9, 2025 - 16:00 GMT

Online Payroll Services in Colorado Gain Momentum Amid Compliance Pressures and Remote Work Growth

Online payroll services in Colorado are gaining traction due to growing compliance challenges and the rise of remote work. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- As Colorado’s small business landscape navigates an evolving …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 16:00 GMT

Payroll Service Providers Gain Traction as U.S. Businesses Prioritize Compliance and Cost Efficiency

Payroll Service Providers help U.S. businesses stay compliant, cut costs, and streamline operations with secure cloud-based solutions. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Payroll services are seeing rising demand across U …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 16:00 GMT

New Jersey Firms Rely on Outsourced Accounts Receivable Services to Safeguard Cash Flow Stability

Explore how outsourcing accounts receivable services is helping New Jersey businesses overcome payment delays and improve liquidity. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Growing payment delays are beginning to challenge …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 16:00 GMT

Montana Sees Shift Toward Outsource Account Receivable Services for Operational and Fiscal Clarity

Companies across Montana use outsource Accounts Receivables services to manage receivables and support long-term growth goals. MIAMI, FL, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- Delayed transactions among U.S. enterprises are increasing …

Distribution channels: Banking, Finance & Investment Industry ...
Published on May 9, 2025 - 15:39 GMT

PowerDMARC Signs Onetic Africa as a Value-Added Distributor in Africa at GISEC 2025

DUBAI, UNITED ARAB EMIRATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- PowerDMARC, a global leader in email and domain security solutions, announced its strategic partnership with Onetic Africa as a Value-Added Distributor at GISEC Global 2025, held in …

Distribution channels: Banking, Finance & Investment Industry, Education ...
Published on May 9, 2025 - 15:00 GMT

AngelHack Unveils New Brand Identity to Empower the Next Generation of Developers Worldwide

AngelHack doubles down on its mission to foster global innovation, launching the AngelHack Alliance to unite and support developer communities across the globe. SAN FRANCISCO, CA, UNITED STATES, May 9, 2025 /⁨EINPresswire.com⁩/ -- AngelHack, the global …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...