Economy

In a bid to stabilize the Nigerian foreign exchange market and meet the rising demand for foreign currencies, the Central...

Nigeria’s unemployment rate increased slightly to 5.3% in the first quarter of 2024, up from 5.0% in the third quarter...

The Nigeria Inter-Bank Settlement Systems (NIBSS) has reported a new record in electronic payment transactions, with Nigerians spending a total...

Nigeria's external reserves have reached $39.07 billion as of September 19, 2024, according to the Governor of the Central Bank...

The Central Bank of Nigeria (CBN) has raised its benchmark interest rate by 50 basis points to 27.25% following a...

The Nigerian naira has experienced a notable decline against the US dollar, reversing some of the gains recorded in recent...

HabariPay, the fintech arm of Guaranty Trust, has started legal proceedings to recover ₦1.1 billion ($1.1 million) that was mistakenly...

Liquidity in Nigeria’s banking sector has surged significantly, reaching ₦1.2 trillion, marking a 62.4% increase on a week-to-week basis, according...

The cost of cooking gas in Nigeria has surged dramatically, leaving many households grappling with increased expenses. According to the...

In the one year since Yemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN), the naira...