A report by the Central Bank of Nigeria (CBN) has placed the blame for Nigeria’s ongoing inflation crisis on insecurity and infrastructural deficits. The report, which is part of Nigeria's periodic ...

About five Nigerian banks have reported a combined profit after tax of N3.317 trillion in the 2024 fiscal yearZenith Bank, ...

The Nigerian domestic economy recorded significant growth in the fourth quarter of 2024 (Q4 2024), expanding by 3.84 per cent ...

Looking ahead, Nigeria is projected to secure six new loans from the World Bank in 2025, totaling $2.23 billion. This would ...

The Central Bank of Nigeria (CBN) has revealed that Nigerians secured personal loans amounting to N470 billion from banks ...

CBN has announced a comprehensive review of the allocation of terminals to Pre-Shipment Inspection Agents (PIAs) and their ...

Heritage Bank liquidation dividends for uninsured depositors to commence April 2025. NDIC prioritizes deposit liabilities.

The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile, The PUNCH reports.The loans are to support ...

The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin payments to depositors of the defunct ...

The NDIC has announced April 2025 as commencement date for the payment of liquidation dividends to uninsured depositors of ...

Data from the Central Bank of Nigeria (CBN) reviewed at the weekend, indicated that banks’ credit to the private sector (CPS) ...

NIGERIAN banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the ...