Bank Lending Dips as Interest Rate Soar to 60%
Samuel Mobolaji The impact of high interest rate has seen the banking industry credit to...
Finance & Economy
CBN’s Delayed Guidance Linked to Naira’s Sharp decline- Afrinvest Report
Samuel Mobolaji The 2024 Nigerian Banking Sector Report by Afrinvest Group has linked the Central...
Nigeria to Offer $500 Million of Dollar-Denominated Diaspora Securities – Edun
Nigeria’s government plans to sell $500 million of dollar-denominated securities in the domestic market to...
Naira Depreciate to N1,565/$ in Parallel Market
The Naira yesterday appreciated to ₦1,565 per dollar in the parallel market, up from ₦1,585...
Inflation Drives Up Costs of Beans, Yam, and Other Food Items in June – NBS
This comes as the Bureau reported a few days ago that headline inflation in June...
FG Generates N225.71bn from July Auction as Investors Favor Long-Term Bonds
The federal government has raised N225.714 billion in the July 2024 bond auction, which is...
CBN Pumps $106.5m into Foreign Exchange Market to Ease Demand Pressure
The Central Bank of Nigeria (CBN) has announced an intervention in the foreign exchange market, injecting...
CBN Takes Control of N20trn in Dormant Accounts, Sparking Anxiety, to Invest in Treasury Bills, Others
The Central Bank of Nigeria (CBN) has issued a fresh directive to Financial Institutions operating...
Tinubu Proposes 50% Tax on Banks’ Excess Forex Earnings
The move, detailedin a letter to lawmakers on Wednesday, comes as Nigeria tries to prop up...
CBN Directs BDCs to Limit Forex Profit Margin to 1.5%
The Central Bank of Nigeria (CBN) on Thursday directed Bureau De Change (BDCs) operators to...
