Finance
Nigeria’s FX Reserves Increase by USD337.89 Million, Naira Appreciates by 3.0% w/w at NAFEM
Nigeria’s foreign exchange (FX) reserves recorded an accretion this week, with the gross reserves level increasing by USD337.89 million week-on-week...
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CBN Mandates Routing of All POS Transactions Through Licensed Aggregators, NIBSS and UPSL
The Central Bank of Nigeria (CBN) has directed that all Point of Sale (POS) transactions in the country must now...
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Nigeria’s First-Quarter Revenue for 2024 Surges to N9.1 Trillion Without Tax Hikes
Nigeria has achieved a significant fiscal milestone, with its first-quarter revenue for 2024 reaching N9.1 trillion—more than double the amount...
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Nigeria’s Financial Sector Grows by Over 30% in First Half of 2024 – Minister of Finance
At the 17th Annual Banking and Finance Conference held in Abuja on Tuesday, Nigeria’s Minister of Finance and Coordinating Minister...
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FX Reserves Decline for 5th Consecutive Week Amid Tight Foreign Exchange Supply
Nigeria’s foreign exchange (FX) reserves have decreased by USD1.03 million week-on-week (w/w), bringing the total to USD36.30 billion as of...
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Credit to Private Sector in Nigeria Surges by 33.7% in July Amid CBN’s Policy Enforcement and Currency Depreciation
Credit to the Private Sector (CPS) in Nigeria surged by an impressive 33.7% year-on-year to NGN75.48 trillion in July 2024,...
Read moreCBN Lifts Suspension on Standing Lending Facility with New Operational Guidelines
The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a vital mechanism...
Read moreCBN Reports Record $553 Million Remittance Inflows for July 2024
The Central Bank of Nigeria (CBN) announced a record-breaking remittance inflow of $553 million in July 2024. This marks a...
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FirstBank Commemorates its Annual Corporate Responsibility & Sustainability Week
FirstBank, the West African premier financial institution and financial inclusion services provider is proud to announce its 2024 Corporate Responsibility...
Read moreNigeria’s FX Reserves Decline Amid CBN Interventions, Naira Faces Continued Pressure
Nigeria's foreign exchange (FX) reserves decreased by USD301.32 million week-on-week to USD36.53 billion as of August 15, 2024. This decline...
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