SEC Proposes ₦1 Billion Capital Requirement for Virtual Asset Companies
The Securities and Exchange Commission (SEC) of Nigeria has put forward a proposal to raise the minimum paid-up capital for...
CBN’s N10 Trillion Intervention: N193 Billion Loans Declared Lost
The Central Bank of Nigeria's (CBN) ambitious Intervention Funds Programme, aimed at bolstering various sectors with an estimated N10.3 trillion,...
Cardoso Initiates Restructuring at CBN, Dismisses Directors
In a move signaling a shift in leadership strategy, Olayemi Cardoso has commenced what appears to be a discreet restructuring...
Tinubu Administration’s Economic Performance: A Nine-Month Review
As Nigeria's political landscape undergoes transitions, the economic performance under President Tinubu's nine-month government tenure has come under scrutiny. Here's...
Nigeria’s Imported Food Inflation Surges to Record High of 29.8%
In February 2024, Nigeria witnessed a significant surge in imported food inflation, reaching a record high of 29.8%, up from...
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,...
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