Nigeria’s interbank lending rate surged to a five-year high of 28.58 percent in January 2025, reflecting the Central Bank of Nigeria’s (CBN) aggressive monetary tightening measures. The interbank rate...
The National Assembly’s House of Representatives Public Accounts Committee has recovered an additional $14.2m (N21.4bn) from four oil and gas companies in its ongoing investigation into financial disc...
The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile, The PUNCH reports. The loans are to support critic...
GTCO has declared a record N7 per share in final dividends, bringing its total dividend for the year to N8 per share, a record for the bank. Research also estimates that this is the highest dividend p...
Nigerian banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of Nigeria (CBN) enforces stringent cash reserve policies, driv...
Stakeholders in the financial, investment, and development sectors have called for practical ways to drive local capital to impact investing activities in the country. The stakeholders made the call i...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has engaged in discussions with the European Union (EU) Ambassador to Nigeria, Mr. Gautier Mignot, in Abuja on a strategic €1.3...
Having hit the highest level in January this year, the amount of cash in circulation in the country recorded its first decline since February 2023, as the volume of cash outside the formal banking sys...
Zenith Bank Plc has posted significant growth across its key performance indicators for the year ended December 31, 2024 The Bank’s impressive performance reflects effective management and pricing of ...
Nigerians are going without food as high transport costs raise food prices and squeeze households’ incomes. With petrol prices jumping nearly five times in 22 months, transport costs have risen by 20 ...
