The Central Bank of Nigeria (CBN), deploying various reform measures, has curtailed the once-wide gap between the official ...

The benchmark rate is the standard interest rate set by central banks ... It added: “Greater formalisation of FX activity ...

The Central Bank of Nigeria (CBN) has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, ...

Nigeria’s manufacturing investments plunged 35 percent in 2024, as high interest rate crush appetite for capita-intensive ...

“A ‘B’ rating from Fitch is a step up, which is generally a positive sign. It means Fitch believes Nigeria’s creditworthiness ...

The naira continue to face pressure amid drop in oil prices leaving the Central Bank of Nigeria with more headache in finding ...

Nigeria's CBN rate hikes trigger a massive 524% surge in foreign investment, but FDI dips amid economic uncertainties and global trade concerns.

Nine Nigerian banks raked in a combined interest income of N14.26tn in 2024, an analysis of the audited financial results of ...

Sub-Saharan Africa, including Nigeria, will pay $20bn in debt interest in 2025, largely owed to private creditors, World Bank Says.

FRC affirms Nigeria hasn’t entered hyperinflation, and IAS 29 won’t apply to 2025 financial statements despite prevailing ...

Its earnings report, out on Friday, showed interest income at N180.5 billion, more than half the figure it reported a year ...

The Central Bank of Nigeria (CBN) has pegged the Customs exchange rate for cargo clearance at N1,601 to the dollar, due to ...