Business
Nigeria’s Inflation Rises Unexpectedly to 24.2% in March 2025
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.
15 April 2025
CBN
Business
Nigeria Records Highest Remittance Inflows in Five Years Under Cardoso
Nigeria saw a 9% rise in remittance inflows in 2024, hitting $20.98 billion—the highest in five years under CBN Governor Olayemi Cardoso.
10 April 2025
Business
Trump’s Tariff Shockwaves Hits Nigeria’s Financial Markets
Nigeria’s financial markets reel from global tariff tensions as the naira weakens despite CBN’s $321m intervention
7 April 2025
Breaking News
CBN Injects $197.71 Million into FX Market to Boost Naira Liquidity
Central Bank of Nigeria (CBN) injects $197.71 million into the foreign exchange market to stabilise the naira, enhance liquidity, and counter global economic shifts
6 April 2025
Business
Demand for Nigeria’s One-Year Treasury Bills Drops Despite CBN’s Yield Hike
Liquidity scarcity impact Nigeria’s one-year treasury bill demand has dropped to its lowest level in 2024 despite rising yields.
21 March 2025
Business
ECOWAS Moves Closer to Introducing Eco Single Currency by 2027
ECOWAS is set to introduce the Eco single currency by 2027 to boost economic integration and financial stability across West Africa.
4 March 2025
Business
CBN Urges Banks to Tackle Money Laundering
Central Bank of Nigeria (CBN) has urged financial institutions to adopt risk-based compliance frameworks to combat money laundering
3 March 2025
Breaking News
Naira Gains 8.5% in February as CBN Intensifies Efforts to Stabilise Currency
The Naira gained 8.5% on the parallel market in February 2025, closing at ₦1,490/$ as the CBN’s forex interventions bolstered the currency
3 March 2025
Business
CBN’s Open Market Operations Sales Surge by 1,773% to N11.8 Trillion
The Central Bank of Nigeria (CBN) increased Open Market Operations (OMO) sales by 1,773% in 2024 to N11.8 trillion, aiming to curb inflation
27 February 2025
Business
Fidelity Bank Plc Nears CBN Recapitalization Goal Amid Deadline
Fidelity Bank Plc is on track to meet the CBN’s 2025 recapitalization deadline, with its oversubscribed fundraising campaign strengthening investor confidence.
24 February 2025
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