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CBN
The special adviser to the President on Information and Strategy, Bayo Onanuga, said Nigeria was spending a whooping sum of $1.5 billion monthly to peg foreign exchange before Tinubu’s unification policy in June 2023.
Fidelity Bank's 2023 Profit Before Tax grew by 131.5%, driven by robust earnings and strategic growth initiatives, ensuring strong shareholder returns
Wema Bank ALAT has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40bn Rights Issue which was initiated in December 2023.
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation as anticipated by analysts.
The naira posted some gains against the greenback as the dollar index moderated significantly while market players awaited America's inflation data and the U.S. Federal Reserve's interest rate decision due later in the day.
Nigeria has seen a significant surge in its foreign debt servicing costs, with an increase of 96% year-on-year, according to the latest data released by the Central Bank of Nigeria (CBN).
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery from previous decline recorded in March. This growth comes in the face of the Monetary Policy Committee’s (MPC) stringent measures aimed at controlling inflation.
The Enugu Electricity Distribution Company (EEDC) has issued a disconnection notice to government establishments like Government Houses, the Central Bank of Nigeria (CBN) offices, and Nigerian Army facilities in the southeast over N180 billion outstanding debt.
The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024.
The EFCC has secured another interim forfeiture against properties linked to Emefiele.
The Nigeria Deposit Insurance Commission (NDIC) says it will begin payment to 2.3 million depositors of the Heritage bank this week.
PalmPay is thrilled to announce that onboarding has resumed on its mobile app for users and merchants.