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Nigeria’s External Debt Servicing Soars to $2.01 Billion Amid Fiscal Pressures
Nigeria’s External Debt Servicing Soars to $2.01 Billion Amid Fiscal Pressures

Nigeria spent $2.01 billion on external debt servicing between January and April 2025, marking a…

Nigeria’s 2025 Budget Assumptions Unrealistic, May Worsen Deficit — World Bank
Nigeria’s 2025 Budget Assumptions Unrealistic, May Worsen Deficit — World Bank

The World Bank has warned that Nigeria’s 2025 budget projections are overly optimistic and could…

As Crude Oil Slumps by 12%, CBN Injects $197.71m into Forex Market
As Crude Oil Slumps by 12%, CBN Injects $197 Million into Forex Market

The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange market…

Soludo Clinches APGA Governorship Ticket Unopposed
Just In: Soludo Clinches APGA Governorship Ticket Unopposed

Anambra State Governor, Professor Charles Soludo, has emerged as the flagbearer of the All Progressives…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) a total…

CBN Report: Nigeria’s Net Forex Declines by 2.97% in Q3 2024
CBN Report: Nigeria’s Net Forex Declines by 2.97% in Q3 2024

The Central Bank of Nigeria (CBN) has revealed that the net foreign exchange inflow into…

CBN Limits POS Withdrawals to ₦100,000 Daily, ₦500,000 Weekly
CBN Limits POS Withdrawals to ₦100,000 Daily, ₦500,000 Weekly

The Central Bank of Nigeria (CBN) has introduced a new policy limiting daily Point of…

CBN Limits POS Withdrawals to ₦100,000 Daily, ₦500,000 Weekly
POS Operators Hike Charges Amid Nigeria’s Worsening Cash Scarcity

Operators of Point of Sale (POS) services have increased their charges as Nigeria experiences a…

Kazeem Shettima
Shettima Urges Banks to Address Cash Scarcity and Boost Financial Inclusion

Vice-President Kashim Shettima has urged banks to address the ongoing cash shortages at ATMs and…

CBN Report: Nigeria’s Net Forex Declines by 2.97% in Q3 2024
Despite 3.46% GDP Growth, CBN Likely to Increase Interest Rate to Curb Inflation

Nigeria’s Central Bank is expected to raise its benchmark interest rate again, according to a…

Court Orders Final Forfeiture of N830m, $4.7m, Properties Linked to Emefiele
Ex-CBN Deputy Governor Claims Emefiele’s Naira Notes Diverted from What Buhari Approved

Embattled former Central Bank of Nigeria (CBN) Governor Godwin Emefiele faced further allegations in his…

Court Orders Final Forfeiture of N830m, $4.7m, Properties Linked to Emefiele
Emefiele Did Not Seek Buhari, CBN Board Approval for Naira Redesign – Witness

In the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, a…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
CBN Sells Dollars to BDCs at ₦1,590/$, Limits Sales Margin to 1%

The Central Bank of Nigeria (CBN), on Wednesday, September 25, approved the sale of $20,000…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
Interest Rate Hikes: What Nigerian Business Owners Need to Know

The Central Bank of Nigeria (CBN), led by Olayemi Cardoso, for the fifth time this…

CBN Hits Record Remittance Inflows
CBN Hits Record Remittance Inflows Of $553Million

The Central Bank of Nigeria (CBN) has witnessed a major jump in remittance inflows, hitting…

Court Orders Emefiele To Forfeit $1.4M Gained Through FX Bribes
Court Freezes Over $2Million and Properties Linked to Emefiele

The Federal High Court in Lagos has ordered the forfeiture of over $2 million and…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
CBN Sells $876m to Banks at ₦1,495/Dollar as Parallel Market Trades at ₦1,574

The Central Bank of Nigeria (CBN) has sold $876.26 million worth of foreign exchange to…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
CBN Approves Merger of Unity and Providus, Sets Loan Conditions

The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank Plc and…