Nigerian Senate Proposes Increase in Gold Reserves to 30%
In a strategic move to diversify Nigeria's foreign reserve assets, the Senate is considering a new bill to significantly increase...
Currency Circulation Outside Nigerian Banks Hits Record N3.71 Trillion in May 2024
The amount of currency circulating outside the Nigerian banking system surged to a new peak of N3.71 trillion in May...
Significant Decline in Nigerian Banks’ Fraud Losses by 78% in Q1 2024
In a remarkable turn of events, Nigerian banks experienced a substantial decrease in financial fraud losses during the first quarter...
Budget: FG Releases N1.2tn for Capital Projects
The Federal Government of Nigeria has released a total of N1.23 trillion to 17 ministries for the execution of capital...
Senate Criticizes Federal Government for Poor Execution of 2024 Capital Budget
The Nigerian Senate has expressed dissatisfaction with the Federal Government's execution of the capital component of the 2024 budget, emphasizing...
High Interest Rates Stifle Economic Growth: Aliko Dangote Calls for Policy Reevaluation
Aliko Dangote, the President of Dangote Group Industries Ltd, has issued a stark warning about Nigeria's economic prospects, asserting that...
FG Accelerates Pension Computation to Expedite Payments for Retirees
The Federal Government of Nigeria has initiated the computation of accrued pensions for federal civil servants to expedite the payment...
Why Many New Forex Traders Quit
Forex trading has become increasingly popular in Nigeria, but a staggering 90% of new traders lose most of their money...
Nigeria’s External Reserves Reach $34 Billion, Highest Since March
Nigeria’s external reserves have surged to a significant milestone, hitting $34.07 billion in June 2024. This is the highest level...
CBN Secures N284.26 Billion from Investors in Latest Treasury Bills Auction
The Central Bank of Nigeria (CBN) successfully raised N284.26 billion from investors in its recent Nigerian Treasury Bills (NTBs) auction,...
