Naira Strengthens on Prospect of U.S. Federal Reserve Rate Cuts
The Nigerian Naira is poised for a potential bullish breakout this week, with analysts forecasting it could firm beyond the...
Banks Pursue New Revenue Avenues as Foreign Exchange Windfalls Diminish
Financial institutions across Nigeria are intensifying efforts to cultivate sustainable, non-interest income streams, as the extraordinary foreign exchange revaluation gains...
Why Nigeria’s Banks and Insurers Are Growing – But Adding Less to the Economy Than Before
At first glance, the numbers look impressive: Nigeria’s banks, insurance companies and other financial institutions pumped N4.94 trillion into the...
DMO Raises N709.62 Billion in December T-Bills Auction as 364-Day Yield Jumps to 17.5%
Nigeria’s Debt Management Office (DMO) successfully raised N709.621 billion at its primary auction of Treasury Bills held on December 3,...
Is This the Most Detty December for the Naira?
Ah, Detty December. That glorious time of year when the Harmattan wind starts whispering promises of owambe parties, asoebi outfits...
CBN’s Cash Limit Revisions Fuel Naira Flow Chaos, Drawing Outrage from Businesses and Experts
In a move hailed by some as a pragmatic thaw but decried by many as a reckless gamble, the Central...
CBN Tightens Cash Withdrawal Limits, Scraps High-Value Special Permits from January 2026
The Central Bank of Nigeria (CBN) has announced a major overhaul of nationwide cash withdrawal rules, abolishing the special monthly...
CBN Drafts Tough New Rules to Shield Nigerians from Authorised Push Payment Scams
The Central Bank of Nigeria (CBN) has moved to tackle the surge in “authorised push payment” (APP) fraud by releasing...
Nigeria’s Economy Expands 3.98% in Q3 2025 as Non-Oil Sectors Drive 96% of Growth
Nigeria’s economy grew by 3.98% year-on-year in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on...
Naira Ends November Weaker at N1,446.90 per Dollar Despite CBN’s Aggressive Rate Hikes
The Nigerian naira closed the month of November on a softer footing, exchanging at N1,446.90 to the US dollar on...
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