Central Bank of Nigeria Reduces Loan-to-Deposit Ratio to 50% in Tightening Policy
In a move aimed at deepening its monetary tightening policy, the Central Bank of Nigeria (CBN) has slashed the Loan-to-Deposit...
Nigeria’s Inflation Hits Three-Decade High, Reaching 33.2% in March
Nigeria's inflationary woes have deepened, reaching their highest level in almost three decades, according to the latest data from the...
Naira Emerges as World’s Top Performing Currency After 12% Rally in April
Following an impressive 12% rally in April, the Nigerian Naira has emerged as the best performing currency in the world,...
NGX Group to Utilize Technology for Financial Companies’ Capital-Raising Efforts
The Nigerian Exchange Group (NGX Group) has announced its plans to leverage technology in driving the capital-raising initiatives of financial...
March 2024: Nigeria’s Inflation Reaches All-Time High at 33.20%
In March 2024, Nigeria experienced a record-breaking surge in headline inflation, reaching an all-time high of 33.20 percent, compared to...
Naira Gains Strength, Hits N1000 to Dollar at Parallel Market
On Monday morning, the Nigerian naira opened at N1,130 to the dollar, but by midday, it had surged in value,...
Indigenous Refineries to Purchase Crude Oil in Naira or Dollars
In a significant move, the Federal Government announced on Monday that indigenous refineries in Nigeria now have the option to...
Sixth Power Grid Collapse Hits Nigeria in 2024
Nigeria experienced its sixth power grid collapse of 2024 on Monday, plunging parts of the country into darkness as electricity...
Nigeria Loses N720bn Revenue Due to Decline in Crude Oil Production- Report
Nigeria has experienced a significant loss of approximately N720 billion in revenue due to consecutive monthly declines in crude oil...
Nigerian Tier-1 Banks Plan to Raise $3.03bn in Fresh Capital Amid CBN Recapitalization Directive
Four of Nigeria's tier-1 banks, namely FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and United Bank for Africa...
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