The Central Bank of Nigeria (CBN) announced that its operating income reached N15.23 trillion for the fiscal year 2024, reflecting a significant increase driven by robust monetary policy operations and
Starting May 1, 2025, major Nigerian banks, including Access, Zenith, and UBA, began charging N6 per SMS for transaction alerts, a move approved by the Central Bank of Nigeria (CBN)
France’s economy grew by a modest 0.1% in the first quarter of 2025, falling short of analyst expectations of 0.3%, as political instability and budget concerns dampened consumer and business
The UK government announced on April 28, 2025, a comprehensive plan to regulate cryptocurrencies, integrating digital assets into the Financial Services and Markets Act to enhance consumer protection and combat
The Nigeria Deposit Insurance Corporation (NDIC) has commenced a N46.6 billion payout to top depositors of the defunct Heritage Bank, following the revocation of the bank’s operating license by the
The World Bank has cautioned that sustained low oil prices could jeopardize Nigeria’s social safety net programs, critical for supporting 43% of its population living below the $2.15-a-day poverty line,
Nigeria’s Federal Executive Council (FEC), chaired by President Bola Tinubu, approved the establishment of a Textile and Apparel Development Board and a $90 billion Agribusiness and Livestock Development Plan on
The Central Bank of Nigeria (CBN) successfully raised over N1 trillion through an Open Market Operation (OMO) auction conducted on April 24, 2025, as part of its monetary policy strategy
Dangote Cement Plc, Africa’s largest cement manufacturer, reported a pre-tax profit of N311.974 billion for the first quarter of 2025, marking an 87.48% year-on-year increase from N166.404 billion in Q1
The Federal Government of Nigeria has announced the launch of the $1.1 billion National Agricultural Productivity and Market Initiative (NAPM), a transformative program aimed at stabilizing food prices and revolutionizing
