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...
NGX Market Cap Dips Below N130 Trillion as Profit-Taking Takes Hold
The Nigerian Exchange Limited (NGX) witnessed a mild retreat on Wednesday, March 18, 2026, with the All-Share Index declining 0.69%...
CBN Auctions N1.05 Trillion in Treasury Bills, Pushing Two-Week Borrowing Near N3 Trillion
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion through a Treasury Bills auction today, March 18,...
States Handle 45% of Nigeria’s Public Spending, FG Says
State governments now account for approximately 48% of total public expenditure in Nigeria, underscoring the critical need for stronger collaboration...
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