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Nigeria’s one-year T-bill demand is sharply declining, despite yield increases by the CBN to 24.90%. The recent auction saw demand fall to N861 billion, the lowest this year, attributed to …
Declining Demand for Nigerian T-Bills Amid Rising Yields and Liquidity Crisis Read More
Nigeria faces economic difficulties due to high inflation and currency devaluation, prompting citizens to turn to cryptocurrency for financial stability. The government is implementing regulations for digital assets while taking …
Nigeria’s Shift to Cryptocurrency Amid Economic Crisis Read More
Nigeria’s Central Bank reported that $1.87 billion was spent on food imports in the first nine months of 2024, marking an increase from $1.64 billion in 2023. Monthly allocations for …
Nigeria’s Rising Food Import Costs Amidst Economic Challenges Read More
Nigeria is set to recognize cryptocurrencies with the passage of the 2025 Investment and Securities Bill, defining crypto assets and providing legal support for trading platforms. This shift comes after …
Nigeria Embraces Cryptocurrency with New Investment and Securities Bill Read More
The AERMP forecasts a decline in inflation and an economic boom for Nigeria by 2025, driven by government reforms and increased local production. Director Olayinka Odutola highlights the importance of …
AERMP Predicts Economic Boom for Nigeria by 2025 Despite Global Challenges Read More
The Central Bank of Nigeria reported a foreign debt service expenditure of $5.47 billion from January 2024 to February 2025 and a modest increase in foreign remittances to $180.03 million. …
CBN Reports $5.47 Billion Spent on Foreign Debt Service in 14 Months Read More
A report from Chatham House asserts that Nigeria is more competitive than it has been in 25 years, attributing this to the devaluation of the naira. The depreciation has improved …
Nigeria Achieves Competitive Edge in 25 Years Amid Currency Depreciation Read More
The Nigerian Federal Government will retain Remitta as its approved payment gateway, integrating it into the new Treasury Management and Revenue Assurance System (TMRAS). This system will allow for other …
Nigeria Retains Remitta as CBN-Approved Payment Gateway in New Revenue System Read More
Nigeria’s Eurobond yields have risen as foreign portfolio investors trim their holdings amidst a risk-off climate. The Central Bank of Nigeria maintains its Monetary Policy Rate, exercising caution to ensure …
Rising Eurobond Yields Signal Investor Caution Amidst Economic Uncertainty Read More
The Central Bank of Nigeria has appointed 16 new directors, altering its leadership structure to enhance banking supervision, monetary policy, fintech regulation, and consumer protection. Notable leaders include Akinniyi in …
CBN’s New Directors to Transform Nigeria’s Financial Framework Read More