Eight Nigerian Banks Set Aside N156 Billion for Loan Losses in Q1 2025
Eight Nigerian banks collectively recorded N156 billion in impairment charges for credit and financial assets in the first quarter of...
Nigeria Opens July 2025 FGN Savings Bonds with Up to 16.762% Interest Rates
The Debt Management Office (DMO) of Nigeria has rolled out its Federal Government of Nigeria (FGN) savings bonds for July...
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Nigeria’s Exchange Rate Gap Narrows as CBN Boosts FX Inflows to $6 Billion Monthly
The Central Bank of Nigeria (CBN) has significantly narrowed the exchange rate gap between the official and parallel markets, with...
Naira Nears N1,500/$ Barrier as Banking Reforms and IMF Support Bolster Currency
The Nigerian naira is on the verge of breaking below the critical N1,500/$ resistance level in the official market, trading...
NDPC Imposes N766.2 Million Fine on MultiChoice Nigeria for Data Protection Violations
The Nigeria Data Protection Commission (NDPC) has fined MultiChoice Nigeria N766.2 million for breaching the Nigeria Data Protection Act (NDP...
Nigeria’s Public Debt Surges to N149.39 Trillion in Q1 2025, DMO Reports
Nigeria’s total public debt climbed to N149.39 trillion by March 31, 2025, reflecting a 22.8% year-on-year increase from N121.67 trillion...
POS Transactions Surge to N223 Trillion as ATM Usage Declines in Nigeria
Point of Sale (POS) terminals in Nigeria processed a staggering **N223.27 trillion** in transactions in 2024, more than double the...
Bitcoin Stalls Amid Israel-Iran Tensions and Hawkish U.S. Fed Policy
Bitcoin hovered around $105,200 on Thursday, reflecting a cautious crypto market rattled by escalating tensions between Israel and Iran and...
Nigeria Posts N5.17 Trillion Trade Surplus in Q1 2025
Nigeria recorded a significant trade surplus of N5.17 trillion in the first quarter of 2025 (Q1’25), marking a 52% increase...
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