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The Central Bank of Nigeria has released open banking guidelines, the first of their kind in Africa, designed to regulate data sharing among financial institutions. This initiative aims to enhance …
Central Bank of Nigeria Establishes Open Banking Guidelines to Enhance Financial Services Read More
Nigeria’s one-year treasury bill demand has decreased alongside liquidity challenges despite higher yields. The CBN’s recent auction raised yields but saw the lowest demand this year. Analysts attribute the decline …
Decline in Demand for Nigerian Treasury Bills Amid Liquidity Constraints Read More
The Nigerian Special Offences Court is adjudicating a fraud case involving Arik Air, Union Bank, and AMCON. Defendants are accused of involvement in fraudulent transactions totaling over NGN76 billion and …
Nigerian Court Reviews Fraud Case Involving Arik Air and Union Bank Read More
Nigeria is grappling with economic turmoil marked by rising inflation and currency devaluation, prompting a shift towards cryptocurrency for wealth protection. Despite government efforts to stabilize the economy through various …
Nigeria’s Cryptocurrency Surge Amid Economic Crisis Read More
The ceasefire between Israel and Hamas has ended, leading to Israeli airstrikes on Hamas positions in Gaza. Prime Minister Netanyahu announced the strikes were in response to Hamas’s refusal to …
Ceasefire Disrupted: Israel Launches Strikes on Hamas as Tensions Escalate Read More
Nigeria’s food import spending rose to $1.87 billion in the first nine months of 2024, a $235.11 million increase from the same period in 2023. Significant fluctuations in foreign exchange …
Nigeria’s Escalating Food Import Expenditures Amidst Inflation Challenges Read More
Nigeria’s passenger car imports fell 14.2% in 2024 due to volatile exchange rates and soaring inflation. The naira depreciated by 40.9% against the dollar, and customs duties rose sharply, affecting …
Decline in Nigeria’s Car Imports Driven by Economic Challenges in 2024 Read More
KPMG calls for Nigerian banks to adopt blockchain and partner with crypto firms to exploit digital finance opportunities. The March 2025 report highlights Nigeria’s resilience in crypto despite a previous …
KPMG Advocates Blockchain Adoption and Crypto Partnerships for Nigerian Banks Read More
Nigeria’s debt service payments dropped to $276 million in February 2025, a significant decline from $540 million in January. This reduction is attributed to government efforts in restructuring debt and …
Nigeria’s February 2025 Debt Service Payments Decline Significantly Read More
Nigeria’s inflation rate decreased to 23.18% in February 2025, down from 24.48% in January, aided by lower petrol costs and a stable naira. Analysts predict possible acceleration in inflation beginning …
Nigeria’s Inflation Rate Declines in February 2025 Due to Stable Naira and Fuel Prices Read More