Central Bank of Nigeria’s (CBN) monetary policy adjustment to 27.25%, 19 Nigerian banks now offer an 8.18% savings account interest rate.
Naira weakens to N1750/$ at the black market amid dollar demand pressure, while official markets see a slight recovery to N678.6/$
Nigerian telcos face a 40.8% drop in Average Revenue Per User (ARPU) as operational costs soar. MTN Nigeria and Airtel Nigeria suffer declining profit
Nigeria’s cryptocurrency community welcomes the Bill proposing jail terms and fines for Ponzi scheme operators
Nigeria’s external debt reached $42.9bn in Q2 2024, rising +2% QoQ and reflecting the naira’s 13% depreciation.
UBA moves for recapitalization and expansion of business operations via offering of rights issue to new and existing shareholders
Access Holdings Plc, parent of Access Bank, has acquired a majority stake in Afrasia Bank Limited, Mauritius, enhancing its trade finance capabilities
Major manufacturers in Nigeria, including Dangote and BUA, have raised investments by 30% in H1 2024 amid economic recovery
NBS is set to release Nigeria’s October inflation data, with projections indicating a rise to 33.29% as Exchange rate fluctuations continues
Bitcoin reaches a record All-Time High of $81,000 with a market capitalization of $1.6 trillion, driven by Donald Trump’s pro-crypto stance
