Tag: Nigerian economy
Fidelity Bank Reports 167.8% PBT Growth in Q1 2025
Fidelity Bank be like, "Check out our sick financial growth, y'all!" So, they announced their first-quarter results for 2025, and it's pretty impressive. Their Profit Before Tax (PBT) shot up by a whopping 167.8%...
Kenya Shilling Strengthens Against Naira in Latest Exchange Rates
The Kenya shilling has strengthened against the Nigerian naira in the latest exchange rates, with the shilling trading at approximately 18.50 per naira as of Thursday, according to data from commercial banks and forex...
Naira Drops to 3,000 Per Dollar Amid Economic Turmoil
The Nigerian naira plunged to a record low of 3,000 per U.S. dollar on Thursday, deepening economic turmoil as foreign exchange shortages and inflation continue to cripple the country’s currency. The Central Bank of...
Tinubu Announces Major Policy Shifts Amid Economic Challenges
President Bola Ahmed Tinubu announced sweeping economic policy changes on Monday in Abuja, Nigeria, as the country grapples with rising inflation and currency depreciation. The reforms include the removal of fuel subsidies, a new...
Naira Dips to 300 per Dollar Amid Economic Pressures
The Nigerian naira weakened to 300 per U.S. dollar on Thursday amid mounting economic pressures, according to data from the Central Bank of Nigeria (CBN). The devaluation marks a sharp decline from the official...
Dollar Hits 1000 Naira as Naira Weakens Further
The Nigerian naira weakened further on , hitting a record low of 1,000 per $100 in parallel market trading, as economic instability and currency shortages deepened. The Central Bank of Nigeria (CBN) has not...