Dollar drops hard as China trade war heats up
Looks like the dollar’s not winning any popularity contests this week
Markets
Sterling Bank eliminates transfer fees amid Tinubu’s economic challenges.
Sterling Bank has announced the removal of transfer fees on its OneBank digital platform, a move aimed at promoting affordable banking solutions.
World Bank approves six new loans, pushing Nigeria’s debt up by $2.36 billion in 2024
Nigeria’s total debt to the World Bank increased by $2.36 billion in 2024, driven by six newly approved loans targeted at key sectors including healthcare, rural infrastructure, governance, and fiscal reforms.
Economist warns Nigeria’s economy at risk if oil prices plunge
“If crude prices drop to $40, Nigeria will not survive it,” stated Mr. Paul Alaje, an economist…
Nigeria records surplus in balance of payments as economy shows signs of recovery
The positive turnaround in our external finances…
Black Market Dollar to Naira exchange rate today 10th April 2025
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1555 and sell at ₦1565 on Wednesday 9th April, 2025, according to sources at Bureau De Change (BDC).
Black Market Dollar to Naira exchange rate today 9th April 2025
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1555 and sell at ₦1565 on Tuesday 8th April, 2025, according to sources at Bureau De Change (BDC).
US trade agency: Nigeria’s import ban on 25 products restricts access for American businesses.
Nigeria’s import ban on 25 different product categories impacts U.S. exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
Nigerian stock market plummets amid Trump’s trade tariff announcement.
The downturn is largely attributed to the ripple effects of U.S. President Donald Trump’s recent tariff policies, which have unsettled global markets.
10 Nigerian banks feature in Africa’s top 100, with 3 achieving high rankings.
A recent report by African Business magazine reveals that three Nigerian banks—Zenith Bank, Access Bank, and First Bank of Nigeria—have secured positions among Africa’s top 15 banks based on Tier 1 capital. Zenith Bank leads with $2.54 billion, placing 10th; Access Bank follows with $2.26 billion, ranking 12th; and First Bank holds $2.05 billion, at 13th position.