Nigeria’s inflation is projected to drop to 21.5 percent in 2024, from the 24.5 percent recorded in 2023. This is according to the 2024 Macroeconomic Outlook...
Stakeholders on the continent have reiterated the importance of implementing the African Continental Free Trade Agreement (AfCFTA) in Africa. They spoke at a conference organised by...
By Sodiq Adelakun In the official foreign exchange window, the Nigerian Naira ended the trading day on Tuesday, January 23, with a stronger position against the...
Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria spent about $3.07 billion towards servicing external debt. This represents a 38...
The Nigerian naira experienced increased pressure in the foreign exchange market as it weakened against the US dollar due to low dollar supply at the official...
In the span of 10 months, a total of $850.42 million was spent on foreign debt service, marking a significant increase of 38 percent compared to...
Wema Bank experienced a significant boost in investor confidence following its substantial rights issue in December 2023. The bank offered 8,572,103,573 ordinary shares at N4.66 per...
Banks in Nigeria may need to increase their capital base significantly in order to obtain regional or international banking licenses, according to a report by Cardinal...
By Sodiq Adelakun The Naira is expected to face significant challenges in 2024. The exchange rate is predicted to further depreciate due to Nigeria’s stagnant reserves,...
By Sodiq Adelakun Nigerians spent a total of $1.58 billion on health tourism, foreign education, and other personal matters in the first six months of 2023,...