By A.Ezekiel In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and...
Naira rose against the US dollar in the foreign exchange (FX) market to settle at N1,499 in the official window on Wednesday. The local currency rallied...
The debt crisis facing the world’s poorest economies is reaching new highs and debt servicing is eating up a growing share of revenues at the expense...
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s dedication to enhancing economic cooperation between Nigeria and the Kingdom of...
Britain’s competition regulator has fined Citi and Royal Bank of Canada a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about UK government bonds....
International Monetary Fund IMF has said that global foreign direct investment grew again in 2023 after declining the previous year. Inward direct investment climbed $1.75 trillion,...
Central Bank of Nigeria Monetary Policy Committee has left its benchmark interest rate unchanged after six hikes last year, saying that it was reassured by stability...
Nigeria’s treasury bills auction, conducted on February 19, 2025, attracted significant investor interest, with total subscriptions reaching N2.41 trillion across the three offered tenors. However, this...
Central Bank of Nigeria CBN has said that Keystone bank is safe, sound and secure. The apex bank in a statement said “Following the court order...
The triple-A ratings of the World Bank and other top multilateral lenders would be at risk if the United States withdraws support for them following a...
Data from FMDQ has shown that total foreign exchange inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) rose by 53.3% to $4.74 billion in January...
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully closed a $400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the...
Bitcoin, Ethereum climbed as top cryptocurrencies rebounded strongly Tuesday after sell pressures reduced the value of all major assets in the market. Data showed that the...
The National Insurance Commission (NAICOM) has issued additional regulatory requirements for life insurance companies carrying on annuity business in the country. An annuity is a form...
Electronic payment transactions in Nigeria rose to $702.6 billion in 2024. According to the data released by the Nigeria Inter-Bank Settlement System (NIBSS), the value recorded...