FG, States, and LGAs Share ₦1.659 Trillion in May Revenue – FAAC
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦1.659 trillion as revenue for May 2025 among the...
Nigerian Stock Market Dips as Investors Lose ₦183 Billion
The Nigerian stock market continued its downward trend on Tuesday, with investors facing a significant ₦183 billion decline in market...
Tight Liquidity Threatens Nigerian Banks Amid CBN’s 50% Reserve Policy – Report
A new report by Renaissance Capital has raised alarm over a deepening liquidity crisis in Nigeria’s banking sector, following the...
Naira Gains Strength, Hits N1,585/$ in Parallel Market
The Nigerian naira strengthened against the U.S. dollar on Tuesday, appreciating to N1,585 per dollar in the parallel market from...
CBN Tightens Oversight on Forbearance-Affected Banks to Bolster Financial Stability
The Central Bank of Nigeria (CBN) has placed banks still operating under forbearance measures under stringent supervision to strengthen the...
Nigeria Launches N50 Billion Green Bond to Fund Climate-Friendly Projects
The Federal Government of Nigeria, through the Debt Management Office (DMO), has introduced a N50 billion Green Bond to finance...
CBN Crackdown: Nigerian Banks Face Dividend Freeze Until 2028
A recent Renaissance Capital (Rencap) research note, titled “Nigerian Banks, Cash is King,” has shed light on the significant exposure...
Israel-Iran Conflict Poses Mixed Economic Impacts for Nigeria
The brewing conflict between Israel and Iran is sending shockwaves through global markets, and Nigeria, as a major oil-exporting nation,...
NGX and SEC Strengthen China Ties to Boost Nigeria’s Capital Market
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) have intensified efforts to enhance capital market collaboration...
Nigerian Banks Brace for Profit Squeeze as CBN Phases Out Forbearance Measures
The Central Bank of Nigeria (CBN) has initiated a gradual rollback of forbearance measures introduced during the COVID-19 pandemic, signaling...
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Kenyan President William Ruto Urges African Nations to Move Away from US Dollar for Intra-African Trade.
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