Finance
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...
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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,...
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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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Nigeria’s FX Reserves Decline as Naira Appreciates Amid Reduced Turnover
Last Week, Nigeria's foreign exchange (FX) reserves experienced a decrease of USD317.95 million week-on-week, reaching USD33.51 billion as of April...
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CBN Policies: Nigeria’s Private Sector Credit Surges by 93.7% Year-on-Year
According to the Central Bank of Nigeria (CBN), credit to the private sector (CPS) surged by 93.7% year-on-year to NGN80.86...
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CBN Governor Affirms Monitoring of New Forex Market Players in Dairy Industry
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has declared that the apex bank will take necessary...
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CBN Urges Banks to Hasten Recapitalization Efforts Amid Interest Rate Hike
In a bid to strengthen the financial sector and guard against potential risks, the Central Bank of Nigeria (CBN) has...
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CBN Slashes Exchange Rate as Dollar Sale Commences
In a significant move aimed at stabilizing the forex market, the Central Bank of Nigeria (CBN) has announced a reduction...
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CBN Raises Interest Rates Amid Inflationary Pressure
In its latest decision, the Monetary Policy Committee (MPC) has opted for a significant 200 basis points hike in the...
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NGX RegCo and FRCN Unveil Roadmap for Sustainability Financial Reporting Standard Adoption
In a joint effort aimed at advancing sustainable business practices, the Nigerian Exchange Regulation Limited (NGX RegCo) and the Financial...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.