Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the…
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Stock Market Recovers, Gains N402bn
The local stock market bounced back yesterday, paring previous session losses, as the market capitalisation surged…
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Naira plunges to N1043.09/$1 at official market
Nigeria’s naira depreciated to a low of N1,043.09 to the dollar at the official foreign exchange…
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Port Harcourt refinery ready this month, NNPCL insists
The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains…
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Inflation rate rises to 28.20% for November as Nigerians enter yuletide season
In November 2023, the overall inflation rate rose to 28.20%, surpassing the October 2023 rate of…
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Banks to disconnect non-deposit financial institutions from funds transfers
The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks, and other financial institutions to disconnect switches, payment…
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Banks fail CBN’s stress test on foreign operations
Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation,…
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Nigeria’s Oil Revenue Surges By 83% – NBS Report Says
This is as Nigeria’s foreign trade in the period under review experienced a rise by 53.16…
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FG disburses N150bn grants, loans to small business owners
The federal government has approved the disbursement of N150 billion grants and loans to small business…
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Nigeria to get $134 million agricultural loan from African Development Bank
In a significant move aimed at bolstering Nigeria’s agricultural sector, the African Development Bank (AfDB) has…
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