This was disclosed in the latest Money and Credit Statistics report by the Central Bank of Nigeria (CBN). The data further revealed that net domestic credit in January 2024 stood at N99.99 trillion, w...
This represents a significant increase of N34.59 billion compared to the N17.67 billion recorded in 2023. The NIBSS Fraud Report documents fraud activities, whether attempted or successful, and relate...
The bureau said the growth rate is also higher than the 3.46 percent recorded in the fourth quarter of 2023. According to the report, the performance of the GDP in the period reviewed was driven mainl...
On November 26, 2024, the CBN directed all banks operating in the interbank foreign exchange market to adopt the Bloomberg BMatch System for trading. The platform, which went live on December 2, 2024,...
The majority shareholder in Airtel Africa, Bharti Airtel, has acquired an additional 4.45 percent stake in Airtel Africa. This additional stake is has a valuation of N409.4 billion, based on a share p...
The Nigerian equity market recorded a gain of N1.83tn last week as the All-Share Index and Market Capitalisation appreciated by two per cent and 2.78 per cent to close at 108,053.95 points and N67.418...
Cryptocurrency exchange Bybit successfully covered its $1.46 billion loss from a recent hacker attack through a combination of loans, whale deposits, and Ethereum (ETH) purchases, according to blockch...
The steady appreciation of the naira was as a result of about $8 billion the federal government spent to keep it up to its current levels, Bismarck Rewane, the MD/CEO of Lagos-based Financial Derivati...
The stock market has been on the uptrend for the fifth consecutive week and this movement was driven by investors taking positions for portfolio rebalancing, prompted by pressured sell-offs across var...
Singapore-listed Olam Group on Feb 24 said it will sell a 44.58 per cent stake in its agricultural products business Olam Agri for US$1.78 billion (S$2.35 billion) to Saudi Agricultural and Livestock ...
