CBN - Central Bank Of Nigeria
After sacking board, management of African Alliance, NAICOM speaks on next move
Weak insurance firms in the country may soon lose their position in the market as the NAICOM has vowed to replicate its recent action in African Alliance Insurance.
FG begins N75bn single-digit interest rate loan to boost growth of 75,000 MSMEs
The Nigerian government, in collaboration with the Bank of Industry, has begun the disbursement of N75 billion, targeting 75,000 businesses nationwide.
More trouble for Nigeria as report predicts increase in price of rice, maize, others
A report predicts that Nigeria would experience a record-breaking rise in food prices in 2025 due to a combination of decreased domestic output, food crop exports.
UBA reiterates investment in technology as catalyst for growth across Africa
UBA Plc has once again reiterated its unwavering commitment to increase its investment in cutting edge technology to support the growth of SMEs across Africa.
Dollar crashes in official market as supply rises to $5.4 billion
The Nigerian currency, the naira rose 0.33% in the official foreign exchange market on Tuesday, November 5, 2024, to trade at N1,671 per dollar from N1,676.
Fraudsters attack 28 banks, steals N42.6bn through PoS, ATM, others
Nigerian commercial banks lost a total of N42.6 billion to fraud and forgeries in just three months, from April to June of this year, according to a recent survey.
Dollar supply in forex market hits $5.4 billion as naira trades at new rates
Data from the foreign exchange market shows that despite the naira's fall, the forex turnover in October rose to $5.4 billion from $3.31 billion in September
Good news as sovereign debt servicing dips from 97% to 65% in Nigeria
President Tinubu responded that the recent drop in the servicing of national debt from 97% to 65% of government revenue was a sign of the nation's economic recovery.
Good news for banks as Nigerians repay N4.05 trillion loan to GTB, Access, Zenith, others
This repayment caused personal loan balances to drop 53.9% from N7.52 trillion in the first quarter to N3.47 trillion in the second, according to the CBN.
CBN - Central Bank Of Nigeria
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