Senate Approves Tinubu’s $2.2BN Loan Request
President Bola Tinubu's request for a $2.2 billion loan to help partially finance the ₦9.7 trillion budget deficit for the fiscal year 2024 was...
Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan
According to JP Morgan, an American global financial services organization, the naira is likely to strengthen and trade at around N600 per dollar in...
CBN Breaks Silence, Says Old Naira Notes Remain Legal Tender Till Dec 31st
The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson,...
Nine Local Banks Generate ₦14tn In Loan Interest Amid Interest Rate Hikes
In 2024, nine Nigerian banks earned a total of N14.26 trillion in interest revenue, according to an examination of the financial institutions' audited financial...
Gov. Sanwo-Olu Presents ₦3trn 2025 Budget To Lagos Assembly
Governor Babajide Sanwo-Olu of Lagos has presented the sum of ₦3.005 trillion before the state House of Assembly as a proposed budget for the...
Every Fund In Dormant Accounts Should Be Sent To Us, CBN Tells Banks
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to the apex...
Naira Value Drop: EFCC Storms Abuja Bureau De Change Hub
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, A source said the raid was a covert operation to dislodge currency specu...
Nigeria’s $632M Loan Request Set For Approval By World Bank Today
Amid growing concerns over Nigeria's increasing debt profile, the World Bank is scheduled to approve new loans totaling $632 million to the country today...
China Ready To Lend Us More Money, We’re Not Discussing Debt Forgiveness With Them — FG
The Federal Government of Nigeria says it is not discussing debt forgiveness with China, noting that Beijing is willing to lend Nigeria more money...
Senate Carpets Minister For Proposing N1bn For Overseas Trips In 2024 Budget
The Senate has taken a swipe at the Minister of Trade, Industry and Investment, Doris Nkiruka-Anite for proposing to spend N1 billion on trip...
