Nigeria’s naira depreciated to a low of N1,043.09 to the dollar at the official foreign exchange…
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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…
Continue ReadingBanks 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…
Continue ReadingBanks fail CBN’s stress test on foreign operations
Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation,…
Continue ReadingNigeria’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…
Continue ReadingFG disburses N150bn grants, loans to small business owners
The federal government has approved the disbursement of N150 billion grants and loans to small business…
Continue ReadingFed Govt, World Bank launch $750m programme for business reforms
The Federal Government has partnered with the World Bank to introduce a new initiative called the…
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