NDIC Moves to Wind Up 89 Failed Microfinance and Mortgage Banks After Successful Rescue
The Nigeria Deposit Insurance Corporation (NDIC) has begun the final stage of liquidating 89 defunct Microfinance Banks (MFBs) and Primary...
FG Deductions Swallow 41% of N84 Trillion Revenue Starving States and LGs – World Bank
Nigeria’s federation revenues have surged to N84 trillion over the past three years, but a staggering 41% of this amount...
Tinubu’s Debt Dilemma: Nigeria’s Public Debt Hits N159.28 Trillion Amid Fresh Borrowing Surge
Nigeria’s total public debt stock climbed to N159.28 trillion as of December 31, 2025, marking a significant increase driven largely...
Naira Strengthens to N1,355/$ as Fragile US-Iran Ceasefire Eases Dollar Pressure
The Nigerian naira posted a notable gain against the US dollar on Friday, closing at N1,355.25 in the official foreign...
CBN Tightens Oversight on Digital Finance as Nigeria’s Fintech Boom Accelerates
As Nigeria’s digital finance sector experiences explosive growth, the Central Bank of Nigeria (CBN) is stepping up its regulatory efforts...
US Dollar Weakens as Fragile Ceasefire Between US and Iran Fuels Market Uncertainty
The US dollar remained under pressure on Thursday, March 26, 2026, as investors weighed the durability of a fragile two-week...
Stock Market Maintains Bullish Run as Investors Gain N1.36 Trillion in Four Days
The Nigerian equities market sustained its upward momentum last week, with investors recording gains of N1.359 trillion as strong institutional...
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...
