Investors Lose N326 Billion as NGX Equities Market Declines
The Nigerian Exchange (NGX) equities market ended Tuesday’s trading session on a bearish note, with investors losing N326 billion as...
CBN Warns Naira Abuse Drives Up Currency Printing Costs
The Central Bank of Nigeria (CBN) has expressed concern over the rising costs of printing and replacing naira banknotes due...
Nigerian Banks Achieve Capital Requirements as CBN Adjusts Monetary Policy
The Central Bank of Nigeria (CBN) announced that 14 commercial banks have successfully met the new capital requirements set during...
Nigerian Stock Market Investors Gain N310 Billion as All-Share Index Rises
On Wednesday, September 17, 2025, investors on the Nigerian Exchange Limited (NGX) recorded a collective gain of N310 billion as...
FAAC Distributes N2.22 Trillion to Federal, State, and Local Governments for August 2025
In a recent meeting held in Abuja, the Federation Account Allocation Committee (FAAC) approved the distribution of N2.22 trillion among...
Naira Reaches Five-Month High, Breaks Below N1,500/$ Mark
The Nigerian naira achieved a significant milestone on September 16, 2025, climbing to a five-month high of N1,497.5 against the...
CBN Mandates Early Succession Planning for Bank Leaders
The Central Bank of Nigeria (CBN) has introduced a new directive requiring Domestic Systemically Important Banks (DSIBs) to plan the...
Nigeria’s Inflation Eases to 20.12% in August, Prompting Calls for CBN Rate Cuts
Nigeria’s headline inflation rate dropped to 20.12% in August 2025, marking its fifth consecutive month of decline from 21.88% in...
Nigeria’s Industrial Sector Contracts in August 2025, CBN Reports
Nigeria’s industrial sector experienced a downturn in August 2025, with the Central Bank of Nigeria’s (CBN) Purchasing Managers Index (PMI)...
Naira Gains Strength as IMTOs Halt Remittance Diversion, Oil Firms Boost Dollar Supply
The naira has seen improved stability in recent weeks, driven by increased dollar supply from oil companies and a halt...
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