Nigeria's headline inflation rose to 24.2% in March, reversing a brief slowdown in February, according to data from the National Bureau of Statistics. The increase was driven by festive demand during ...

Economic and Financial Crimes Commission (EFCC) has opened an investigation into a suspected $847m fraud involving CryptoBank Exchange (CBEX) ...

Central Bank of Nigeria (CBN) approved the application of Ascensia Finance Company Limited to operate as a finance company in the country.The final approval was conveyed in a letter dated April 10, ...

Oil accounts for about 90% of Nigeria's exports, and crude earnings were set to fund 56% of this year's budget. Nigeria’s revenue from crude oil is currently being threatened, as one of its importers, ...

A Federal High Court in Lagos has sentenced Uzondu Precious Chimaobi, a jeweler and owner of Unlimited Jewellers Limited, to four years imprisonment for refusing to accept the Nigerian Naira as legal ...

The Central Bank of Nigeria (CBN) has injected an additional $150 million into the foreign exchange market as the naira ...

The Nigerian naira declined against the U.S. dollar at the official market, closing at N1,604.00/$1 on Tuesday, down from N1,599.00/$1 ...

As Nigeria charts a course toward becoming a one-trillion-dollar economy, experts from across the financial, regulatory, and academic sectors have emphasized that the key to financial system stability ...

Economic and media experts have urged the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) ...

The Central Bank of Nigeria (CBN) has granted approval to Ascensia Finance Company Limited to operate as a finance company.

The Institute of Chartered Secretaries and Administrators of Nigeria has received support from the Central Bank of Nigeria and the Federal Ministry of Finance for its ongoing N3bn national secretariat ...

Upon assuming office in October 2023, Cardoso prioritised reforms aimed at rebuilding Nigeria’s economic buffers and ...