Category: featured

Banks lose trillions yearly to CBN’s high CRR policy — Report

Nigeria’s banking sector may be losing trillions of naira annually due to the Central Bank...

Sterling Financial Holdings reports 89% surge in profit before tax

Sterling Financial Holdings Company Plc has released its audited group financial results for the full...

LCCI urges FG to stabilise forex, cut energy costs amid rising inflation

The Lagos Chamber of Commerce and Industry has urged the federal government to stabilise the...

Naira weakens despite higher FX liquidity, reserves growth

The naira ended the week weaker in Nigeria’s official foreign exchange market despite a significant...

China commits to 200 Boeing jets during Trump’s visit

Aerospace giant Boeing on Friday confirmed that China had committed to purchasing 200 aircraft during...

Wema Bank defends Banana Island property sales as lawful debt recovery

Wema Bank has responded to recent allegations surrounding the sale of Banana Island properties linked...

Naira weakens marginally to ₦1,372/$ ahead of MPC meeting

The naira weakened marginally at the official foreign exchange market on Friday, closing at N1,372/$...

S&P upgrades Nigeria’s sovereign credit rating to ‘B’

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to...

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in...

Oil prices rise after US-China talks on energy trade

Oil prices climbed on Friday after United States President Donald Trump said China had agreed...

Naira weakens at parallel FX market to ₦1,392/$

The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388...

VIDEO: Victims loot XM ponzi office in Badagry after crash

Angry victims of the recently crashed “XM Future Music Group” investment platform have reportedly looted...