Private Sector Credit Surges by N1.89trn in October Following CBN’s First Rate Cut in Five Years
Nigeria’s private sector borrowing recorded its strongest monthly expansion in 2025, rising by nearly N1.89 trillion in October, according to...
Naira Firms Up to N1,446/$ as High Interest Rates Draw Fresh Dollar Inflows
The naira extended its recent recovery on Tuesday, strengthening by 0.5 per cent in the official Nigerian Foreign Exchange Market...
CBN Refuses to Blink: Holds MPR at 27% Despite Business Outcry Over Crushing Borrowing Costs
In a decision that will deepen the pain for Nigerian businesses already reeling from sky-high interest rates, the Central Bank...
NNPC Ltd Posts N5.4 Trillion Profit After Tax in 2024, Driven by Forex Gains
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a profit after tax of N5.4 trillion for the 2024...
CBN Moves to Crack Down on Serial Dud Cheque Issuers with Renewable Five-Year Bans
The Central Bank of Nigeria (CBN) has unveiled tough new measures aimed at curbing the persistent misuse of cheques, including...
Lagos State Raises Record N244.82 Billion in Oversubscribed Bonds
Lagos State has cemented its position as Nigeria’s most creditworthy subnational issuer after successfully raising a historic N244.82 billion through...
Naira Weakens to N1,456.72/$ in Official Market as Dollar Demand Outpaces Supply
The naira ended the week on a softer note, depreciating by nearly 1% against the U.S. dollar in the official...
CBN Borrows N17.6 Trillion, Repays N14.7 Trillion Through Treasury Auctions
The Central Bank of Nigeria (CBN) raised a total of N17.59 trillion through fresh issuances of Treasury bills and federal...
Banks Report Rising Defaults on Secured Loans Despite Easier Credit Access – CBN
A new Central Bank of Nigeria (CBN) survey has revealed an unexpected trend in the third quarter of 2025: banks...
CBN Declares Zuldal Microfinance Bank Unlicensed, Urges Public to Steer Clear
The Central Bank of Nigeria (CBN) has officially declared Zuldal Microfinance Bank Limited an illegal entity, stating that it has...
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