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Naira Stability Is Threatened By Banks Stockpiling Dollars - BDCs

Nigeria, March 10 -- The stability of the naira is in jeopardy, according to Bureau De Change (BDC) operators, who claim they are not receiving dollars from commercial banks as instructed by the Centr... Read More


Naira Plunges to Record Low Against the Dollar Amid Rising Demand

Nigeria, March 8 -- The Nigerian naira has weakened significantly, trading at N1,550 per U.S. dollar in the parallel market as demand for foreign currency surges. Despite the Central Bank of Nigeria'... Read More


30% of Nigeria's MSMEs Shut Down in Two Years -NESG Warns of Economic Challenges

Nigeria, March 8 -- A staggering 30% of Nigeria's 24 million registered Micro, Small, and Medium Enterprises (MSMEs) shut down between 2023 and 2024, according to the Nigerian Economic Summit Group (N... Read More


ASI Gains 0.32%, Ends Three-Day Slide; Transcorp Soars, GTCO Tops Volume

Nigeria, March 7 -- The Nigerian All-Share Index ended a three-day losing trend earlier in the week on March 6, 2025, when it rose 344.24 points to close at 106,780.72. Despite a tiny drop in trading... Read More


T-Bill Yield Falls To 21.68% Due To An Increase In Liquidity

Nigeria, March 7 -- The one-year Treasury bill yield dropped from 22.59 percent at the previous sales to 21.68 percent at Wednesday's auction due to a spike in liquidity and a drop in the inflation ra... Read More


TNC Daily Open: Trump Eases Some Tariffs, But Nasdaq Slips Into Correction

Nigeria, March 7 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More


TNC Daily Open: Stocks Rise as Trump Eases Auto Tariffs

Nigeria, March 6 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More


Lent: Enugu Governor, Mbah Urges Charity, Empathy Among Christians

Nigeria, March 6 -- As Christians observe Ash Wednesday globally, Enugu State Governor Dr. Peter Mbah has called on the state's people, Christian faithful, and Nigerians to see the period as a time fo... Read More


All-Share Index Drops 0.44%, Marks Three-Day Losing Streak; Tantalizer & Uhomreit Lead

Nigeria, March 6 -- On March 5, 2025, the Nigerian All-Share Index closed at 106,436.48, down 467.77 points, marking three straight days of negative trade. This reduction corresponds with a drop in t... Read More


Bitcoin Recovers Its $92,000 Price Tag Before The Crypto Summit

Nigeria, March 6 -- Bitcoin's price has risen by 6.23%, reaching more than $92,000 despite mixed market sentiment. Analysts are predicting key resistance levels before the eagerly awaited US Crypto S... Read More