Mounting Concerns as CBN Maintains Interest Rate at 27.5%
Amid ongoing economic instability and global trade tensions, the Central Bank of Nigeria (CBN) has decided to retain its benchmark...
Naira Strengthens Slightly to ₦1,597/$ Ahead of Key CBN Policy Meeting
Nigeria’s currency, the naira, recorded a slight gain on Monday, appreciating to ₦1,597 per US dollar at the official exchange...
CBN Assures Nigerians of Banking Sector Stability Amid Speculations
The Central Bank of Nigeria (CBN) has reaffirmed the strength and safety of the nation’s banking sector, dispelling concerns sparked...
Naira Gains Slightly at Official Market, but Exchange Rate Gap with Parallel Market Widens
The Nigerian naira showed modest improvement in the official foreign exchange market on Friday, closing at ₦1,599.01 to the U.S....
Nigeria’s Inflation Rate Declines to 23.71% in April 2025
Nigeria’s inflation rate eased slightly in April 2025, with the National Bureau of Statistics (NBS) reporting a year-on-year rate of...
Naira Faces Pressure as Dollar Strengthens Despite Nigeria’s Oil Output Gains
The Nigerian naira remained under pressure in the parallel market, trading around N1,620.25/$ as demand for the U.S. dollar continued...
Nigerian Stock Market Slips as Investors Lose N297 Billion
The Nigerian Exchange (NGX) started the trading week on a bearish note, as the market experienced a loss of N297...
World Bank Forecasts 22.1% Inflation for Nigeria in 2025 Amid Economic Reforms
The World Bank has projected that Nigeria’s inflation rate will average 22.1% in 2025, as recent monetary policy measures begin...
CBN Ups Treasury Bills Auction Offer to N550bn Amid Slower Investor Demand
The Central Bank of Nigeria (CBN) has increased its offering at the latest Treasury Bills (T-bills) auction, raising the total...
Access, Zenith, Six Other Banks Boost Investment Securities to ₦41.7tn in Q1 2025
Eight leading Nigerian banks expanded their investment securities portfolios to a combined ₦41.78 trillion in the first quarter of 2025,...
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