He stated that while the recently rebased Consumer Price Index (CPI) indicates a year-on-year headline inflation rate of 24.48 percent, which reflects the country’s economic realities, this figure rem...
Kuda Bank, a Nigerian neobank, raised an undisclosed equity round in 2024, securing additional capital after its operational costs spiked losses and led to a decline in cash reserves. In 2023, Kuda’s ...
The Central Bank of Nigeria monetary policy committee has voted to hold all rates across board with the headline monetary policy rate held at 27.5%. This was announced by the central bank governor, Ye...
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. The latest figures, sourced from the Cen...
The directive, outlined in a circular dated February 17, 2025, and signed by Michael Akuka on behalf of the director of the Financial Policy and Regulation Department, seeks to enhance transparency an...
The Central Bank of Nigeria says the reason it ordered bank directors with non-performing insider-related loans to immediately resign from their positions was in response to strengthen corporate gover...
The Bureau De Change (BDC) operators have attributed the recent strong performance of the naira to the implementation of the Central Bank of Nigeria (CBN) policy which allows authorized dealers to sel...
The Central Bank of Nigeria (CBN) has ordered commercial bank directors with non-performing insider related loans, to step down immediately. This was disclosed in a circular titled ‘Compliance with In...
About 75% of businesses have identified high interest rates as their primary operational constraint in January 2025. This is according to the Central Bank of Nigeria (CBN)’s Business Expectation Surve...
Nigeria’s 2025 budget both federal and state governments combined when analysed based on budget per capita amounts to $0.63, way lower than the average $2.15 per day marked by the World Bank for peopl...
