The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a...
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The decision of...
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49% points. Comparing year-on-year data, the...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it could not force oil marketers in the country to patronize Dangote Refinery to meet their...
The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for approving the printing...
The Central Bank of Nigeria is set to undergo a significant operational overhaul according to a recent report by the International Monetary Fund on Nigeria titled,...
By FBNQuest Research Last week, the International Monetary Fund (IMF) published its recent 2024 Article IV consultation with Nigeria. The IMF’s report provides insights on several...
Emirates, the world’s largest long-haul airline, is in a strong position for future growth after it posted a record annual profit by expanding its route network...
The fortune of equity investors in Nigeria tumbled last week after the nation’s domestic bourse reversed previous gains to close the week in the red. Specifically,...
The House of Representatives on Thursday directed the Central Bank of Nigeria (CBN) to suspend implementation of 0.5% cybersecurity levy on all electronic transactions within the...
By Nkiruka Nnorom Call for proactive, not reactive fiscal policy Customers’ deposit in top deposit money banks rose 66 percent Year-on-Year (YoY) to N76.04 trillion at the...
The Ag Director General of the Securities and Exchange Commission (SEC) Dr. Emomotimi Agama, has disclosed the Commission’s plans to delist the Naira from P2P (peer-to-peer) crypto...
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5% cybersecurity levy on all electronic transactions within the country excluding 16...
The Naira on Monday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian...
Nigeria Deposit Insurance Corporation (NDIC) on Thursday announced an increase in the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate effect....
Amidst prevalent economic headwinds in the country, the Nigeria equities market has rebounded to brake free of the shackles of profit-taking as the bulls successfully staged...
Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable, and affirmed the IDR at ‘B-‘. In...
Nigeria’s listed banking stocks’ value declined by N2.069 trillion in 16 trading days following the announcement of the recapitalisation exercise by the Central Bank of Nigeria...
President Bola Tinubu has secured a $600 million investment from Danish shipping and logistics firm A.P Moller-Maersk, the presidency said on Sunday. The deal is to...
As part of efforts to reposition the capital market as a catalyst for economic development, the Securities and Exchange Commission (SEC) announced that it had approved...