The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to maintain a tight monetary policy ...

Banks have increased their deposit with the Central Bank of Nigeria, CBN, by 907.3 percent  Year-on-Year, YoY,  to N68.9 trillion in the first half of the year (H1'25) from N6.84 trillion in the ...

The latest Purchasing Managers' Index (PMI) report from Stanbic IBTC Bank has noted that, alongside structural reforms and the removal ...

The Central Bank of Nigeria, CBN, has been advised to review its monetary control high interest rate policies in the country to save Nigeria’s economy from further crises. The advice was given ...

The naira recorded a gain of N90 or 5.7% in the black market and 0.8% in the official foreign exchange (FX) market in the ...

He, however, said the CBN Monetary Policy Committee should ease interest rate, unlike in May, when it maintained the MPR at 27.50 percent. According to him, easing of monetary tools would have a ...

The naira has appreciated against the dollar week-on-week bringing much needed relief for businesses and importers. Analysts ...

Depositors of these nine banks have earned massively in the first quarter of 2025, pocketing almost N2 trillion as interests ...

The naira recorded gains in the parallel market, appreciating by N10 to close at N1,560, representing a 0.6 per cent increase from the N1,570 recorded the previous day. The development marked a ...

The Nigerian banking sector remains a critical industrial foundation to build Nigerian products, opportunity-building ...

Nigeria is experiencing a remarkable transformation that has caught the attention of seasoned global investors, the Research ...

After years of unorthodox interventions and monetary policy experimentation, Nigeria is undergoing a seismic economic ...