News
Nigeria: Banking Fraud in Nigeria Soars to N9.5 Billion, Projected to Hit N20 Billion by Year-End
The Nigerian banking system has been grappling with staggering losses to fraud, with over N9 billion already lost this year. Experts predict that ...
News
Nigeria: ICT Emerges as Second-Highest Contributor to Nigeria’s Q2 2023 GDP
In a significant development, the Information and Communication Technology (ICT) sector emerged as the second-highest contributor to Nigeria’s real Gross Domestic Product (GDP) ...
News
Nigeria: Sharp Increase in Naira Value of Forex Deposits Spurs 17% Surge in Money Supply
Nigeria’s money supply has experienced a significant and rapid increase of 17% over two months, reaching its peak in July. This surge was ...
News
Nigeria: FCCPC Receives Top Honors as Nigeria’s Most Efficient and Transparent Government Agency
In a recent online poll conducted across various platforms including LinkedIn, The Bureau Newspaper website, and Nairaland, the Federal Competition and Consumer Protection ...
Nigeria
Nigeria: CBN Imposes Additional Debits on Banks for Failing to Meet Loan Target
The Central Bank of Nigeria (CBN) has taken action against commercial banks that did not meet its 65% loan-to-deposit target by imposing additional ...
News
Nigeria: NAICOM Encourages Tech Adoption to Boost Insurance Penetration
The National Insurance Commission (NAICOM) has issued a call to insurance industry stakeholders, urging them to harness technological advancements in extending insurance products ...
Nigeria
Nigeria: Ongoing Economic Reforms Hold Promise for Nigeria’s Economy- SEC
The Securities and Exchange Commission (SEC) has lauded the ongoing multifaceted economic reforms initiated by the current administration, expressing confidence that these transformative ...
News
Nigeria: Federal Government Records N1.43 Trillion Deficit as Expenditure Outstrips Revenue, CBN Report Reveals
In the initial quarter of 2023, the Federal Government’s expenditure surpassed its revenue by a significant margin of N1.43 trillion, as reported by ...
Nigeria
Nigeria: NUC Introduces Cutting-Edge Tech Courses into Nigerian University Curriculum
The National Universities Commission (NUC) has unveiled a comprehensive update to the curriculum of Nigerian universities, ushering in an array of cutting-edge tech ...
News
Nigeria Bonds and T-Bills Maintain Steady Returns Amidst Naira Depreciation
Amidst a decline in the local currency, data sourced from the market has revealed that the average returns on Nigeria’s Federal Government borrowing ...
