Equity Market Loses N476bn in a Week Amid Weak Investor Sentiment
The Nigerian stock market experienced a significant downturn this week, shedding N476.0bn as trading activity reflected cautious investor sentiment. During...
CBN Reaffirms Commitment to Foreign Exchange Code
The Central Bank of Nigeria (CBN) has reiterated its commitment to the Nigerian Foreign Exchange (FX) Code, affirming that it...
CBN and DMO at Odds as 364-Day Treasury Bill Rate Drops to Six-Month Low of 17.82%
The Federal Government of Nigeria (FGN), through the Central Bank of Nigeria (CBN), has released the results of its Treasury...
Nigerians Decry New ATM Withdrawal Fees as CBN’s Revised Charges Take Effect
Nigerians have expressed frustration and dissatisfaction as the Central Bank of Nigeria’s (CBN) revised Automated Teller Machine (ATM) withdrawal charges...
FAAN Reports Record Revenue Growth Amid Infrastructure Challenges
The Federal Airports Authority of Nigeria (FAAN) has announced a remarkable increase in revenue generation, recording N343.87 billion between January...
NGX Gains N94 Billion as Fidelity Bank Lists Additional Shares
The Nigerian Exchange Limited (NGX) experienced a significant boost on Monday, with its market capitalization increasing by N94 billion following...
Naira Weakens in Unofficial Market Amid Dollar Index Volatility
The Nigerian naira faced renewed pressure in the unofficial market on Tuesday, opening at N1,510 per dollar as the dollar...
Cash Crunch Drives 171% Surge in Banks’ Borrowings from CBN
A significant liquidity squeeze in the interbank money market has led to a sharp increase in banks’ borrowings from the...
Naira Holds Firm Against Dollar, Closes February Strong Amid CBN Interventions
The Nigerian naira demonstrated resilience in February 2025, closing the month with an 8.5% gain on the parallel market, settling...
CBN Calls on Nigerian Banks to Adopt Global Standards to Combat Illicit Financial Flows
In a bid to strengthen the integrity of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has urged financial...
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