Banking & Finance
FX volatility may affect smooth implementation of 2024 budget – Uwaleke
Professor Uche Uwaleke has identified foreign exchange volatility as a major hindrance to the smooth implementation of the 2024 budget....
We’re not giving N15,000 as Christmas promo, Opay warns Nigerians
Payment platform OPay has insisted that it is not giving out N15,000 or any other amount this Christmas. OPay is...
Buhari’s aide Tunde Sabiu, not President approved naira redesign policy – Report
The Special investigator looking into the books of the Central Bank of Nigeria (CBN) Jim Obazee has detailed how former...
CBN to sanction banks, PoS operators over hoarding, rationing of Naira
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sales (PoS) that it would...
Nigeria spends N1.79trn on domestic debt service in 3 months – DMO
The Federal Government spent around N1.79 trillion on servicing its domestic debt between July and September 2023. This is according...
Nigeria’s external debt drops by $1.57bn in Q3 – DMO
Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59...
FX crisis deepens as gap between official, black market rates hits over N400
The gap between the official and parallel market exchange rates of the naira has continued to widen despite several interventions...
Local equity crosses N40 trillion mark, gains N599bn in one day
The local equity market Wednesday crossed the N40 trillion mark, appreciating by N599 billion as gains recorded in the shares...
22,000 MfBs, mortgage banks’ depositors get N1.7bn refund – NDIC
Nigeria Deposit Insurance Corporation (NDIC) has so far paid an insured sum of over N1.7 billion to customers, following the...
