Economy
Nigerian Stock Market Reaches 15-Year High, Banking Stocks Drive Surge
In a notable turn of events, the Nigerian stock market soared to a 15-year high, reflecting the fervent interest of...
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Blue Line Rail Launch in Lagos Sparks Concerns Over High N750 Fare
The upcoming launch of the Blue Line rail system in Lagos has sparked mixed reactions among citizens due to its...
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First Bank, Ecobank, 4 Others Generate N891bn from Loan to Customers in H1 of 2023
Nigerian Banks Record 47% Increase in Loans Amid Regulatory Measures In a notable development, six major Nigerian banks collectively reported...
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Nigeria’s Foreign Inflows Dip to N9.45 Billion in July, Prompting Concerns.
Foreign investment in Nigerian stocks has reached its lowest point since President Bola Tinubu's transformative reforms that ignited a significant...
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CBN Repays 5.10 Billion Yuan to China as Nigeria-China Currency Swap Renewal Nears.
The Central Bank of Nigeria (CBN) has made a repayment of 5.10 billion Chinese yuan (CNY) out of the 6...
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NLC and FMBN Clash Over N238bn National Housing Fund Management
A recent disagreement between the Nigerian Labour Congress (NLC) and the Federal Mortgage Bank of Nigeria (FMBN) has thrown the...
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Nigeria’s Foreign Reserves Slip by $915 Million Amid Forex Market Liberalization.
In the aftermath of Nigeria's apex bank, the Central Bank of Nigeria (CBN), executing the naira's float and liberalizing...
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President Tinubu Tinubu Unveils Economic Blueprint in Inaugural Federal Executive Council Meeting
The Federal Executive Council (FEC) of President Bola Ahmed Tinubu's administration convened for its inaugural meeting at the Aso Rock...
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NACAT Sue CBN’s Acting Governor and Deputy Governor Over Asset Declaration Allegations.
The Network Against Corruption and Trafficking Foundation (NACAT) has initiated legal proceedings against Folashodun Shonubi, the current Acting Governor of...
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Job-Generating Sectors Struggling Puts Pressure on Tinubu.
Nigeria's growth rate has decelerated to 2.51 percent in the second quarter of 2023, a drop compared to last year....
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