CBN Denies Allocating $1.3 Billion in Forex for Fuel Imports
The Central Bank of Nigeria (CBN) has strongly rejected claims that it released $1.269 billion in foreign currency to oil...
Nigeria Celebrates Exit from FATF Grey List as CBN Pledges to Strengthen Financial Reforms
The Central Bank of Nigeria (CBN) has committed to building on its recent financial reforms to ensure sustained compliance, innovation,...
Forex Traders Face Survival Crisis as CBN Halts Dollar Supply to BDCs
Bureau De Change (BDC) operators in Nigeria are grappling with severe operational challenges, with many on the brink of collapse...
Nigeria’s Petrol Imports Reach 15 Billion Litres Despite Dangote Refinery’s Production
Nigeria, Africa’s largest oil producer, imported approximately 15 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, between...
Nigerian Treasury Bills and Bond Yields Decline Amid Strong Demand and Tight Liquidity
Yields on Nigerian Treasury Bills (NTBs) and Open Market Operation (OMO) bills dropped across most maturities on October 20, 2025,...
High Interest Rates and Taxes Hamper Nigerian Businesses in September, CBN Reports
Nigerian businesses and households identified high interest rates, multiple taxes, and inadequate infrastructure as the primary constraints impacting operations in...
Nigeria’s FG and Corporates Tap NGX for Over N3.4 Trillion in Bond Listings in 2025
The Nigerian Exchange (NGX) has emerged as a powerhouse for capital raising, with the Federal Government of Nigeria (FGN) and...
CBN Policy Threatens Small Fintechs, PoS Operators Warn
Point of Sale (PoS) operators in Nigeria have voiced strong concerns over a new Central Bank of Nigeria (CBN) policy...
NGX Market Capitalization Climbs to N93.8tn Amid Sustained Gains
The Nigerian Exchange Limited (NGX) continued its upward trajectory on Wednesday, with the equities market gaining N20 billion, pushing the...
House of Representatives to Investigate Excessive Bank Charges in Nigeria
The Nigerian House of Representatives has launched an inquiry into what it calls “arbitrary, excessive, and unjustified” deductions from customers’...
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