Nigeria incurs N315 billion in currency management cost
The Central Bank of Nigeria (CBN) reported a sharp rise in currency management costs in 2024, with expenses increasing by...
CBN’s gold reserves gain over N1 trillion in 2024 as prices hit record levels
The Central Bank of Nigeria (CBN) has reported that the value of its gold reserves rose to N2.77 trillion as...
AfDB to invest $650 million annually in Nigeria’s growth
The African Development Bank Group (AfDB) has approved a new five-year Country Strategy Paper (CSP) for Nigeria, committing about $650...
CBN sells another N804.85 billion in OMO bills hit 111% subscription
The Central Bank of Nigeria (CBN) raised a total of N804.85 billion at its Open Market Operations (OMO) auction held...
NBS launches crowd-sourced daily prices data to boost real-time tracking
The National Bureau of Statistics (NBS) has launched its first set of price data compiled through a crowd-sourcing initiative as...
FIRS directs banks to close unauthorised tax collection accounts
The Federal Inland Revenue Service (FIRS) has ordered all banks in Nigeria to immediately identify and close any tax and...
CBN directs banks to adopt PAPSS for transaction processing
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and...
NDIC begins N46.6 billion liquidation dividend payments to defunct Heritage Bank depositors
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of N46.6 billion as the first tranche of liquidation dividends...
CBN raises over N1 trillion at latest OMO auction as money supply surges
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held...
World Bank projects 3.6% economic growth for Nigeria in 2025, more optimistic than IMF’s forecast
The World Bank has projected that Nigeria’s economy will grow by 3.6% in 2025, building on an estimated 3.4% expansion...
