World Bank Projects Oil Price Decline to $73/Barrel by 2025 Amid Global Oversupply
The World Bank has forecasted a significant decline in global oil prices, projecting that Brent crude could drop to $73...
CBN Mandates Banks to Obtain Approval Before Altering Core Banking Systems
Nigeria’s Central Bank (CBN) has issued a new directive requiring commercial banks to secure regulatory approval before making changes to...
Currency Outside Banks Sees Massive Surge as N1.6 Trillion Leaves Bank Vaults
Recent statistics from the Central Bank of Nigeria (CBN) reveal a striking increase in the amount of currency circulating outside...
Naira Weakens in Official Market Amid U.S. Dollar Recovery
The Nigerian Naira experienced a slight decline in value at the official foreign exchange market on October 30, 2024, coinciding...
Nigeria’s Money Supply Reaches N108.9 Trillion, Up 68% Year-On-Year
In a significant economic development, Nigeria's money supply (M3) soared to N108.95 trillion in September 2024, marking a 62.8% increase...
Naira Falls as FX Turnover Declines by 71% Amidst Market Pressure
The Nigerian naira weakened further on Monday, sliding to ₦1,670.75 per dollar in the official market and ₦1,748 per dollar...
NGX Opens Week on Bearish Trend as ASI Drops by 0.74%
The Nigerian Exchange (NGX) commenced the week on a bearish note, with the All-Share Index (ASI) declining by 0.74% on...
CBN Governor Reports Sharp Decline in Market Volatility Due to FX Reforms
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to...
Naira Shows Mixed Performance: Gains in Official Market, Slight Decline in Parallel Trading
The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets....
Nigeria Aims to Exit FATF Grey List by May 2025, Says Central Bank
In a recent announcement, the Central Bank of Nigeria (CBN) shared its active engagement efforts aimed at facilitating the country's...
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