ShareIn this report by PAUL OGBUOKIRI, economists examine the 6.23 per cent decline in Nigeria’s gross foreign reserves in Q1 2025, viz-a-viz the nine per cent appreciation of the Naira in the review ...

Nigeria’s naira climbed the most against the dollar in two weeks after the central bank said net foreign-exchange reserves ...

The Interest rates increased from 18.75% at the beginning of 2024, to 27.50% at the end of the year. The financial reports show that banks earned a lot from loans.

A total of 10 banks generated an estimated N14.4 trillion from interest on loans and advances to customers, among others in ...

SharePersonal statements written by members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) at their meeting in February, indicate that the committee will not be in a hurry to ...

Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended against the N2.1 trillion recorded in ...

Six banks in the country posted N3.41 trillion as profit after tax for 2024, up from the N2.1 trillion recorded in the 2023 ...

Unegbu regretted that some customers were reluctant about challenging their banks in the event of some ‘illegal’ charges.

The Central Bank of Nigeria (CBN), has announced that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024. The CBN  revealed this in its Fourth Quarter ...

Despite rising inflation and other economic challenges, seven deposit money banks in the country nearly doubled their profits ...