Naira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply
The Nigerian naira staged a notable recovery in the official foreign exchange market last week, closing at N1,363.5 per US...
Cash Outside Banks Drops N198bn in January as Money Supply Contracts
Currency held outside Nigeria’s banking system fell sharply by N197.68 billion in January 2026, declining to N5.21 trillion from N5.41...
CBN Limits Mobile Banking Apps to One Device in New Security Push for Instant Payments
The Central Bank of Nigeria (CBN) has introduced a major security enhancement for digital banking, restricting mobile banking applications to...
CBN Mandates AI-Powered AML Systems for Banks and Fintechs in Landmark Guidelines
Nigeria's Central Bank (CBN) has taken a historic step by formally incorporating artificial intelligence and machine learning into its anti-money...
Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows
Nigeria channeled approximately $5.21 billion toward servicing its external debt obligations in 2025, representing a sharp 11.9% increase from $4.66...
Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue
Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...
FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence
FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...
NGX All-Share Index Breaks Historic 197,000 Barrier in Landmark Session
The Nigerian stock market achieved a major milestone today, with the All-Share Index (ASI) surging past the 197,000-point level for...
Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January
The Nigerian naira extended its recent downward drift, closing the trading week at N1,398 per US dollar in the official...
NGX All-Share Index Climbs 2.14% WoW to 196,968 Amid Oil Price Surge
The Nigerian Exchange (NGX) wrapped up last week on a positive note, with the benchmark All-Share Index (ASI) advancing 2.14%...
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Naira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply
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