Finance

Naira gains N2 at official market, N5 at parallel market

The Nigerian Naira continued its upward trend against the United States Dollar, recording its third straight day of appreciation at…

Banks’ CBN deposits hit N79.8tn as liquidity surges 784%

Banks' deposits with the Central Bank of Nigeria rose sharply by 783.7 percent, year-on-year, to N79.8 trillion in the first…

Naira ends week stronger at N1,534.72/$

The Naira closed the week on a positive note, gaining 4.52 kobo against the United States dollar at the official…

Latest Finance

Banks shut 29.4m accounts amid NIN compliance drive

Nigerian commercial banks closed 29.4 million accounts as of March 2025 in…

Nigerian stock market gains N3.4trn despite shortened trading week

The Nigerian stock market extended its bullish run as investors gained over…

NGX records N700bn turnover as foreign inflows rebound

Foreign portfolio investments showed strong signs of recovery in May 2025, rising…

Bank deposits at CBN surge 907% to N68.9trn amid excess liquidity

Nigerian banks dramatically increased their deposits with the Central Bank of Nigeria…

Naira strengthens to N1,590/$ in parallel, official market

The Nigerian naira showed signs of strengthening against the US dollar on…

FG revenue jumps 40% to N6.9trn in Q1 2025 – Edun

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun,…

GTBank announces N6.98 USSD fee deduction from customers’ airtime

Guaranty Trust Bank has announced that it will now deduct the N6.98…

SEC moves to co-create regulatory framework for stablecoins

The Director General of the Securities and Exchange Commission, Dr Emomotimi Agama,…

FG launches N50bn green bond for climate projects

The Debt Management Office has announced a N50 billion Green Bond issuance…

Nigeria records N5.17trn trade surplus in Q1 2025

Nigeria achieved a N5.17 trillion trade surplus in the first quarter of…

FIRS introduces unified tax procedures to standardize operations nationwide

The Federal Inland Revenue Service has launched a new Standard Operating Procedure…

SEC bans 12-year unclaimed dividend write-offs by firms

The Securities and Exchange Commission has directed all public companies and registrars…

Naira weakens further, exchanges at N1,620/$ in parallel market

The Nigerian Naira continued its downward trend on Tuesday, depreciating to N1,620…

FG to raise N300bn through bond auction May 26

The Federal Government, acting through the Debt Management Office, has unveiled plans…

ICYMI: NNPCL didn’t fully remit 2024 fuel subsidy gains – W’Bank

The World Bank has raised concerns over Nigeria’s fiscal transparency, revealing that…