CBN Raises N638.98 Billion in Treasury Bill Auction as Yields Surge to 26%
The Central Bank of Nigeria (CBN) successfully raised N638.98 billion through its latest treasury bill auction held on May 22,...
Nigerian Tier-1 Banks Earn N392 Billion from E-Business in 2023
In 2023, Nigeria's leading banks collectively generated N392 billion from electronic business, driven by a shift towards cashless transactions encouraged...
EFCC Arrests Over 200 BDC Operators for Forex Fraud
The Economic and Financial Crimes Commission (EFCC) has apprehended more than 200 individuals linked to foreign exchange fraud and financial...
Naira Devaluation Drives Diesel Price Surge at Dangote Refinery
The cost of diesel produced by Dangote Petroleum Refinery has surged from N940 per litre to N1,100 per litre, driven...
Private Sector Concerned Over New 26.25% Interest Rate Amid Loan Repayment Worries
Economists and members of the Organised Private Sector (OPS) have raised alarms over the Central Bank of Nigeria's (CBN) latest...
Forex Supply Soars 66% as CBN Hikes Interest Rates
Nigeria has recorded a significant 66% increase in foreign exchange (FX) supply, reaching $15.2 billion through the official market window,...
Foreign Portfolio Outflows Surge by 237% in Q1 2024 Amid CBN Reforms
Foreign portfolio investment (FPI) outflows from Nigeria have surged dramatically by 237% in the first quarter of 2024 compared to...
Breaking: CBN Increases MPR to 26.25% Following MPC Meeting
The Central Bank of Nigeria (CBN) has announced a significant adjustment to its monetary policy following the 295th meeting of...
Naira Strengthens Below N1,500 as CBN Considers Interest Rate Decision
The naira experienced a notable appreciation in the parallel market on Monday, trading at N1,490 per dollar, a 1.34% increase...
CBN and SEC Impose Fines on Banks Totaling N678 Million
Nine financial institutions in Nigeria paid fines totaling N678 million in 2023 for regulatory violations, a significant decrease from the...
Popular Story
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
Q2 GDP: Analysts Unhappy With Performance Of Agriculture, Manufacturing Sectors
The Nixon Shock of 1971 and Today’s “Cheap Japan”
Ethereum Struggled to Clear the $4,800 Resistance Zone
IMF – only 24% of CBN Anchor borrowers’ loans recovered.
