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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
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
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Nigeria is set to officially recognize cryptocurrencies under the 2025 Investment and Securities Bill, replacing outdated regulations. This new law defines crypto assets, facilitates trading platforms, and enhances investor protection. …
Nigeria Set to Recognize Cryptocurrencies with New Legislative Framework Read More
The AERMP predicts Nigeria’s economy will boom by 2025, attributing anticipated growth to governmental reforms and reduced inflation. Olayinka Odutola emphasized the drop in food prices and better power generation …
AERMP Forecasts Nigeria’s Economic Growth by 2025 Amid Global Challenges Read More
The CBN reports Nigeria’s foreign debt service reached $5.47 billion from Jan 2024 to Feb 2025. Meanwhile, foreign exchange remittances increased by 1.3% YoY to $180.03 million in early 2025, …
CBN Reports on Nigeria’s Foreign Debt Service and Remittance Trends Read More
A report from Chatham House asserts that Nigeria is more competitive than it has been in 25 years, primarily due to the naira’s significant depreciation which has positively impacted fiscal …
Nigeria’s Competitive Edge: A 25-Year Milestone Amid Currency Depreciation Read More
The Federal Government of Nigeria confirmed the retention of Remitta as the approved payment gateway by the Central Bank, emphasizing its integration into the Treasury Management and Revenue Assurance System. …
Nigeria Confirms Remitta as Payment Gateway Amid TMRAS Integration Plans Read More
Foreign portfolio investors reduced their Nigerian Eurobond holdings, causing yields to rise amidst a risk-averse sentiment. The CBN maintained its Monetary Policy Rate to assess previous hikes’ effects on the …
Nigeria Eurobond Yield Increases Amidst Foreign Investors’ Asset Trim Read More
The Central Bank of Nigeria has appointed 16 new directors, changing the leadership landscape crucial for banking supervision, monetary policy, fintech regulation, and consumer protection. Notable appointments include Akinwunmi Olubukola …
CBN Appoints 16 New Directors to Shape Nigeria’s Financial Future Read More