The Toll of Naira Redesign: Unraveling the Economic Consequences
On October 26, 2022, the Central Bank of Nigeria (CBN) set in motion a currency redesign policy under the leadership...
Naira Depreciates to N854/$ at Official FX Market Despite Increased Dollar Supply
The official foreign exchange (FX) market witnessed a decline in the value of the Nigerian naira against the US dollar...
Toyota Shares Slide Over 3% as Daihatsu Halts Vehicle Shipments
Shares of Toyota Motor Corp, Japan's largest automaker, tumbled over 3% on Thursday after the company announced that its Daihatsu...
U.S. Dollar Slips as Traders Anticipate Growth Data; Sterling Continues to Decline
In early European trade today, the U.S. dollar experienced a marginal decline as investors awaited crucial growth data, while the...
Nigeria Total Debt Surges to N88 Trillion – DMO
Nigeria's appetite for foreign loans has diminished, marking a significant shift in the latest data from the Debt Management Office...
FG Unveils Winners of NAIR Programme: 45 Startups and Individuals to Receive N5 Million for AI Projects
In a significant move to foster innovation and advance artificial intelligence (AI) capabilities in Nigeria, the Federal Government has announced...
Domestic Borrowing Soars by 134%, Reaches N52 Trillion
In a startling revelation, the Director-General of the Debt Management Office (DMO), Patience Oniha, has disclosed that Nigeria's total domestic...
Nigerian Banks Issue Warnings as Customers Lose N51 Billion to Cybercriminals
As the festive season approaches, criminals are deploying new tactics to exploit unsuspecting victims, resulting in Nigerian banking customers losing...
Yen Falls as Global Bonds Rise and BOJ Holds Rates
In a decisive move, the Bank of Japan (BOJ) has sent shockwaves through the financial markets by signaling its intention...
Opay and Palmpay Implement Account Changes in Response to Fraud Concerns
In a proactive move to address vulnerabilities exploited by fraudsters, two prominent Nigerian fintech companies, Opay and Palmpay, have announced...
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