Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss
The Nigerian naira appreciated to N1,365 per US dollar on Thursday, March 9, 2026, extending gains amid a broader global...
Remittance Outflows Drop 36% to N1.22 Billion in 2025 as Economic Reforms Take Effect
Nigeria recorded a significant decline in remittance outflows in 2025, with total international payments falling by 36.09% to N1.22 billion...
Naira Weakens to N1,389 per Dollar as External Reserves Decline by $850 Million in Three Weeks
The Nigerian naira depreciated to N1,389 per US dollar on Tuesday, March 31, 2026, amid a noticeable decline in the...
Nigeria’s External Reserves Drop $850 Million in Three Weeks as Election Spending Persist
Nigeria’s foreign exchange reserves have declined by approximately $850 million over the past three weeks, falling from $50.03 billion on...
33 Banks Meet CBN Recapitalisation Targets, Raising N4.65 Trillion as Programme Concludes
The Central Bank of Nigeria (CBN) has confirmed that 33 banks have successfully met the revised minimum capital requirements under...
LIRS Extends Deadline for Individual Tax Returns Filing to April 14
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for the submission of individual annual tax returns by...
Naira Faces Fresh Pressure as US Dollar Index Climbs to 10-Month High
The Nigerian naira is confronting renewed challenges in the foreign exchange market as the US dollar strengthens to a 10-month...
Banks Raise N4.6 Trillion in Recapitalisation Exercise as Sector Prepares for Lending Battle
Nigeria’s banking industry has successfully mobilised N4.6 trillion in fresh capital under the Central Bank of Nigeria’s (CBN) recapitalisation programme,...
FG Opens Subscription for N750 Billion March Bond Offer
The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for N750 billion worth of Federal Government of...
Providus Bank Confirms N65 Billion Capital Base, Meets CBN Regional Requirement Since January 2025
Providus Bank Limited has affirmed that it fully complies with the Central Bank of Nigeria’s (CBN) minimum capital requirement for...
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