UBA, Zenith, Access, and other Nigerian banks have started reducing interest rates on foreign currency (FX) deposits due to an increase in dollar supply. This reduction...
Nigeria’s debt stock is projected to hit N150 trillion by the end of the first quarter of this year. This follows the release of Nigeria’s debt...
The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in its efforts to control...
The Central Bank of Nigeria (CBN) has forecasted a 4.1% economic growth for 2025, along with a decrease in inflation and an increase in foreign exchange...
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has expressed optimism about Nigeria’s inflation trajectory for 2025, asserting that the...
First City Monument Bank (FCMB) has committed $35 million to support agriculture and women-led businesses. On January 20, 2025, the bank signed three significant agreements with...
The International Monetary Fund has warned that undisclosed public debt, estimated at $1 trillion globally, poses a growing threat to economic growth in low-income nations already...
Stakeholders have raised concerns about Nigeria’s manufacturing sector, which plays a crucial role in the country’s economic growth and diversification. They highlight deep-rooted challenges that demand...
The Federal Government has accused the Central Bank of Nigeria (CBN) of misappropriating N2.73 trillion in interest payments from Ways and Means advances, raising serious concerns...
The World Bank has disbursed a $1.5 billion loan to Nigeria under the Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing initiative. The...