Zenith Bank shareholders express frustration over CBN fines and rising taxes, warning that hefty penalties reduce dividends and strain investments.
Central Bank of Nigeria reports N2.77 trillion in gold reserves for 2024, driven by global price surges, as external reserves hit new records
UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.
Nigerian banks generated N8.41 trillion from customer loans in 2024, marking a 106% increase driven by CBN’s tight monetary policy and higher lending rates.
Foreign investments in Nigeria surged 524% in January 2025, driven by CBN’s aggressive interest rate hikes. Portfolio inflows dominate, while FDI continues to decline.
Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
Nigeria’s annual inflation surged to 24.2% in March, up from 23.2%, driven by a weakening naira and falling oil prices amid global trade tensions.
Nigeria saw a 9% rise in remittance inflows in 2024, hitting $20.98 billion—the highest in five years under CBN Governor Olayemi Cardoso.
Nigeria’s financial markets reel from global tariff tensions as the naira weakens despite CBN’s $321m intervention
