Rising inflation, high interest rates, and naira depreciation could push an additional 13 million Nigerians below the national poverty line by 2025, according to a new report titled ‘2025 Nigerian ...
The National Pension Commission (PenCom) said the total amount released from the 2024 retirees’ rights settlement has risen to N66 billion.
Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.
The Lagos Chamber of Commerce and Industry has projected a reduction in interest rates in the coming months, as inflation shows signs of easing.
Nigeria’s foreign exchange reserves have recorded a significant decline within two weeks this January, dropping by $832.62m between January 6 and January 21.Data from the Central Bank of Nigeria ...
Meanwhile, a promising tech start-up in Lagos seeks bridge funding to scale but has no credit history. These scenarios play out daily across the country where accessing finance remains one of the most ...
Hon. Marilyn Dumkelechukwu Okowa-Daramola is a dynamic legislator, youth advocate and girl’s empowerment trailblazer. She was elected ...
The Financial Reporting Council of Nigeria (FRC) on Wednesday pointed out that Nigeria was not yet a hyperinflationary economy.
The story of women rsquo;s contribution to Nigeria rsquo;s economy is as old as the nation itself. It is no secret that women ...
Visa invests over $10 million in African fintech Moniepoint to support SME growth across Africa, including introducing ...
One of Nigeria’s largest banks, Zenith Bank, is set to increase staff salaries in January as galloping inflation continues to ...
Olayemi Cardoso, governor of the Central Bank of Nigeria, will have established a new Compliance Department within the apex bank.