In a notable financial turnaround, six prominent Nigerian banks have reported substantial increases in pre-tax profits for the first half...

The Nigerian naira experienced further depreciation against the U.S. dollar during the final trading session of August, reflecting ongoing challenges...

The Central Bank of Nigeria (CBN) has lifted the suspension on its Standing Lending Facility (SLF) for authorized dealers, a...

The Nigerian naira exhibited a mix of gains and losses against the US dollar in the foreign exchange market on...

Goldman Sachs has revised its outlook on the likelihood of a U.S. recession in the next 12 months, reducing the...

The Central Bank of Nigeria (CBN) has reported a significant increase in net foreign exchange (FX) flows into the country,...

In the first half of 2024, five Nigerian banks collectively reported foreign exchange gains amounting to N67.89 billion. This represents...

In a startling revelation, Interpol has announced that millions of dollars are laundered out of Nigeria every hour, highlighting the...

The Central Bank of Nigeria (CBN) has introduced new regulations to facilitate the recovery of funds from dormant accounts. These...

As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1%...