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...
Naira Firms to ₦1,446.74/$, Posts First Weekly Gain in a Month as Capital Inflows Hit $21 Billion
The naira staged a modest but meaningful recovery last week, appreciating 0.69% to close at ₦1,446.74 per dollar at the...
Nigeria Attracts Record $21 Billion in Foreign Capital in First 10 Months of 2025 – CBN
Nigeria’s external finances have recorded their strongest performance in years, with foreign capital inflows hitting $20.98 billion between January and...
Naira Extends Winning Streak, Rises for Third Day to N1,442.92/$ at Official Market
The Nigerian naira strengthened for the third consecutive trading session on Wednesday, appreciating by N3.40 against the US dollar in...
Nigerian Stock Market Loses N444bn as Profit-Taking Halts Rally
The Nigerian equities market snapped a recent winning streak on Wednesday, shedding N444 billion in investor wealth as profit-taking and...
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...
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FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.
Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher
Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years
CBN Raises N1.19 Trillion at July 15 Treasury Bills Auction
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
