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 of Nigeria’s high Cash Reserve Ratio, according…
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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 year ended December 31, 2025, reporting its…
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 foreign exchange market and reduce energy and…
Naira weakens despite higher FX liquidity, reserves growth
The naira ended the week weaker in Nigeria’s official foreign exchange market despite a significant rise in market liquidity and continued growth…
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 a visit to Beijing by United States…
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 to the defunct Gulf Bank, insisting that…
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/$ as investors adopted cautious positions ahead of…
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 “B” from “B-”, citing improvements in the…
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 April 2026, amid rising fuel prices, food…
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 to buy American oil following discussions with…
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 per dollar on Wednesday. Similarly, the naira…
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 the company’s office in the Apa area…