Forex Inflow Rises 62% To $5.96bn In May
…As naira appreciates to N1551/$ Foreign exchange inflows into Nigeria surged by 62 per cent...
Finance & Economy
Debt Alert: States, Local Govts’ Bank Borrowings Hit N4trn
As of December 2024, states and local governments collectively owed financial institutions and the Central Bank...
Fitch Forecasts Growth for Islamic Finance Sector from H2 2025
Samuel Mobolaji Nigeria’s Islamic finance sector is poised for expansion in the second half of...
BOI Targets Inclusive Economic Development through MSMEs Funding
Samuel Mobolaji The Bank of Industry (BoI) has promised inclusive economic development through funding...
Fuel, Electricity Blamed by 91% of Firms as Inflation Persists –CBN
Samuel Mobolaji Nearly all Nigerian businesses have blamed soaring energy costs, particularly fuel, diesel, and...
BDC Operators Face Uncertainty as CBN’s Recapitalization Deadline Expires Today
The Central Bank of Nigeria’s (CBN) recapitalisation deadline for Bureau De Change (BDC) operators officially...
Naira Gains to N1,610/$1 in Parallel Market, Signals Renewed Strength
Samuel Mobolaji The naira gained ground against the US dollar in the parallel market on...
IMF, Analysts Warn FG Over Rising Debt, loan Plans Hit N39trn
Samuel Mobolaji The International Monetary Fund (IMF) and financial analysts have expressed concern over Nigeria’s...
FG Yet To Disburse 2025 Budget Funds — Ex-minister
Former Minister of Solid Minerals Development, Dr. Kayode Fayemi has disclosed that nearly six...
Cash Outside Banks Falls Again in April as CBN Holds Rates Steady
Samuel Mobolaji Currency held outside Nigeria’s banking system declined for the second time in 2025,...
