Spotlight

The US has issued a visa rule requiring tourist and business travelers in some countries to pay a bond of...

Business

FG to buy only locally assembled vehicles for its use

The FG has disclosed plans to buy only locally assembled cars rather than imported foreign ones.

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

Politics

CBN retains MPR at 11.5%, holds other parameters constant

by Samuel Oyekanmi

The Central Bank of Nigeria (CBN), voted unanimously to keep the Monetary Policy Rate (MPR), at 11.5%.

President Trump leaves Walter Reed Hospital

Diaspora

Trump administration acknowledges likely election loss, agrees to transition with Biden

Trump administration seems to have officially commenced the transition to Biden after weeks of delay and law suits.

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

Currencies

Naira falls at NAFEX market as dollar supply drops further despite demand pressure

The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N386/$1.

Socio Economic

ECOWAS COVID-19: Nigeria drops to 7th position in recovery rate

by Johnson Uche

According to data from ECOWAS Centre for Surveillance and Disease Control, Nigeria has dropped to 7th position in recovery rate.

Soldiers fire gunshots to disperse #EndSARS protesters

Socio Economic

FG petitions CNN over investigative report on Lekki shooting, threatens action

The Federal Government has petitioned CNN over its alleged bias report on the Lekki Tollgate shooting.

Corporate Press Releases

HealthPlus crisis: How Mrs. George approached Leo Stan Ekeh

by NM Press

Leo Stan Ekeh has cleared the air on the controversy surrounding the troubled Nigerian healthcare firm, HealthPlus.

net interest income, Nigerian Banks, Fitch, Nigerian banks tremble over Cyber attack, Most Nigerian banks are very likely to fail stress tests should the economic downturn persists and deepens, What Banks can do to improve Real Sector Lending in 2021

Exclusives

Despite CRR debits, Nigerian Banks record higher net interest income

by Analysts Nairametrics

Banks are recording higher net interest income, despite the CBN's frequent CRR debits chalking off significant amounts of their cash.

Blurb

Fidelity Bank Plc must cover the chink in its curtains to keep rising

by Ekene Onyeama