Category: Finance

FAAC shares ₦2.3trn revenue for May

The Federation Account Allocation Committee has shared a total of N2.3 trillion among the Federal...

Only 6% of Nigerians can access formal credit — Mutual Benefits

Mutual Benefits Assurance Plc has said a situation where only about six per cent of...

Naira stable at ₦1,360/$ in official FX market as liquidity improves

The naira traded relatively stable against the United States dollar at the Nigerian Foreign Exchange...

CBN offers ₦450bn treasury bills at auction

The Central Bank of Nigeria is offering N450 billion worth of Nigerian Treasury Bills for...

IMF warns stablecoins could weaken naira’s monetary policy

The International Monetary Fund has warned that the growing use of United States dollar-denominated stablecoins...

Naira holds stable against British pound at ₦1850/£

The Nigerian currency maintained its relatively stable run against the British currency on the Nigerian...

Naira depreciates to ₦1400/$ at parallel FX market

The Naira on Monday depreciated to N1,400 per United States dollar in the parallel market...

DMO to raise ₦1.2trn through FGN bond reopening

The Debt Management Office, on behalf of the Federal Government of Nigeria, will reopen two...

United Capital acquires 5% stake in NGX

United Capital Group has announced the acquisition of a five per cent equity stake in...

Reps extend 2025 capital budget deadline to September 30

The House of Representatives on Monday approved a three-month extension for the capital component of...

Nigerians, others borrowed $3.18bn airtime credit in 2025 — Optasia

Mobile phone subscribers in Nigeria and other emerging markets borrowed airtime worth $3.18bn on credit...

Naira gains against Euro, closes at ₦1573/€

The Naira strengthened against the major European currency in the 4th session of the week....