Nigeria recorded a $6.83 billion balance of payments surplus in 2024, the first positive external account in three years. The Central Bank of Nigeria (CBN) attributed...
Nigeria spent $1.8 billion on external debt servicing in the fourth quarter of 2024, according to the latest data from the Debt Management Office (DMO). The...
Nigeria recorded $20.93 billion in personal remittance inflows in 2024, according to new data released by the Central Bank of Nigeria (CBN). The figure represents a...
Nigeria’s pension industry has increased its exposure to long-term asset classes with a total commitment of N5.51 trillion allocated to infrastructure private equity real estate and...
FCMB Group Plc has reported a 21 percent decline in profit after tax for the financial year ended 31 December 2024 despite recording strong growth in...
The World Bank has approved a $1.08 billion financing package for Nigeria to improve basic education, fight malnutrition, and strengthen community resilience programs. The funds are...
First City Monument Bank (FCMB) has informed customers of a temporary disruption affecting its debit card services. The bank disclosed the development in a communication sent...
Stanbic IBTC Holdings Plc reported a 134 percent increase in net interest income to ₦410.45 billion in the year ended December 31, 2024 from ₦175.19 billion...
Nigeria’s interbank lending rate surged to 28.58 percent in January 2025, the highest level in five years as the Central Bank of Nigeria (CBN) intensified its...
The World Bank has approved $632 million in new loans for Nigeria to support education and nutrition initiatives, bringing total disbursements to the country under the...
