FG Pursues $1 Billion World Bank Loans to Address IDP Challenges
The Federal Government of Nigeria is in advanced negotiations with the World Bank to secure over $1 billion in loans...
Nigeria’s Inflation Climbs to 31.70% in February 2024
In February 2024, Nigeria witnessed a surge in headline inflation, reaching 31.70%, marking a notable uptick from January 2024's rate...
CBN Stands Firm: Banks Restricted from Using FX Revaluation Gains for Dividends
The Central Bank of Nigeria (CBN) has once again emphasized its stance that banks operating within the country are prohibited...
Nigeria’s Debt Service Hits $560 Million in January
In the face of ongoing economic challenges, Nigeria grapples with a significant surge in debt service expenditure, with the federal...
Banks Adjust Dollar Exchange Rates as Naira Appreciates in Official and Black Markets
The Nigerian currency, the naira, has shown a notable improvement in the foreign exchange market, with major banks like Access,...
Tinubu Secures €995 Million Deal to Boost Agricultural Mechanization
In a significant move towards bolstering food security and agricultural development, the Nigerian government has inked a monumental €995 million...
EU/ECOWAS Criticize Nigeria’s Low VAT Compliance
The European Union (EU) and the Economic Community of West African States (ECOWAS) delegation to Nigeria have raised concerns over...
GTCO Plans to Raise N525 Billion Through IPO to Strengthen Capital Base
Guaranty Trust Holding Company (GTCO) Plc is gearing up to raise approximately N525 billion through a public offer, aimed at...
Nigeria Banks Lead in Capital Importation, Stanbic IBTC Tops List
In the final quarter of 2023, Nigeria witnessed a surge in capital importation, with the banking sector emerging as a...
Oil Export Revenue Surges by 37% Amid FX Devaluation
Nigeria's oil export revenue reached a record high of N29 trillion in 2023, marking a significant 37% increase compared to...
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”
Coinbase Shares Take a Hit After The Firm Posted a 75% Decrease in Net Income
Bank branch fraud increased by 87.99% in the second quarter of 2022.