Naira Starts 2025 on a Weak Note, Trades at N1,541.36/$
The Nigerian naira began 2025 with a slight depreciation, closing at N1,541.36/$ on the first trading day of the year....
Naira’s Decline Poses Challenges to Nigeria’s 2025 Fiscal Plan
The Nigerian government faces a challenging fiscal year in 2025, as the steep depreciation of the Naira threatens the viability...
World Bank Disburses $1.5 Billion Loan to Nigeria Following Major Reforms
The World Bank has released a $1.5 billion loan to Nigeria under its RESET (Reforms for Economic Stabilisation to Enable...
US Dollar Index Reaches 2-Year High as G5 Currencies Weaken; Naira Remain Resilient
The US Dollar Index (DXY) surged to its strongest level in two years, closing at 107.74 points on December 18,...
CBN Introduces N100,000 Daily Cash-Out Limit for POS Transactions
The Central Bank of Nigeria (CBN) has announced a new policy limiting cash-out transactions via Point of Sale (POS) agents...
Diaspora Remittances Surge by 61%, Says CBN
The Central Bank of Nigeria (CBN) has reported a remarkable 61% increase in diaspora remittances processed through International Money Transfer...
Nigeria’s Inflation Hits 34.6% in November 2024 – Highest in 26 Years
Nigeria’s inflation rate climbed to 34.6% in November 2024, marking the highest level in 26 years. This rise, as reported...
Stock Market Maintains Bullish Momentum Amid Portfolio Repositioning
The Nigerian stock market sustained its positive trajectory last week, buoyed by increased portfolio repositioning and renewed investor confidence. The...
PalmPay Partners with Jumia to Simplify Online Payments
PalmPay, a leading Nigerian fintech platform, has announced a new collaboration with Jumia, the popular e-commerce giant. This partnership enables...
World Bank Set to Approve $500m Loan for Nigeria Today
The World Bank Board is expected to decide today on a $500 million loan to Nigeria aimed at enhancing rural...
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31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
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