New York Times Faces $15 Billion Trump Lawsuit Over Alleged Smears
US President Donald Trump announced Monday that he has filed a $15 billion defamation and libel lawsuit against The New York Times. In a post...
Naira Faces Fresh Pressure as Parallel Market Rates Weaken Despite Official FX Stability
The Nigerian Naira began the week under renewed pressure in the unofficial foreign exchange market, commonly referred to as the black or parallel market. On...
Sanwo-Olu Presents ₦4.24 Trillion ‘Budget Of Shared Prosperity’ For 2026, Lagos Assembly Pledges Thorough Scrutiny
Lagos State Governor, Babajide Sanwo-Olu, on Tuesday presented a proposed ₦4.237 trillion budget for the 2026 fiscal year to the Lagos State House of...
CBN Removes Bank Cash Deposit Limit For Customers
The Central Bank of Nigeria has removed all cash-deposit limits for bank customers while maintaining strict weekly withdrawal ceilings under a revised set of...
CBN Elevates Opay, Moniepoint, Kuda, Others To National Status, Boosting Financial Inclusion Nationwide
The Central Bank of Nigeria (CBN) has upgraded the licenses of leading FinTech firms and Microfinance Banks (MFBs), including Opay and Moniepoint, granting them...
Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy
A consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa has reached financial close on a...
Federal Government’s Domestic Borrowing Surges In 2025, Crowding Out Private Sector Credit
The Federal Government’s domestic borrowing from banks and financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public...
Witness: How Emefiele Withdrew $6.23m From CBN With Forged Documents
The 11th prosecution witness (PW11), Bashirudden Muhammed Maishanu, yesterday told the Federal Capital Territory High Court in Abuja how $6.23 million was allegedly withdrawn...
Pound Inches Up As Naira Holds Ground In Early February Trading
The British Pound Sterling began the first Monday of February 2026 with a slight rise against the Naira in Nigeria’s foreign exchange market, marking...
Banks Struggle As Bad Loans Hit ₦21.2 Trillion: FX Shocks, Soaring Interest Rates, And End Of COVID Forbearance Fuel Defaults
Nigeria’s banking sector is grappling with a surge in bad loans as rising interest rates, foreign exchange volatility, and the withdrawal of COVID-era loan...
