Nigeria
Nigeria: CBN MPC Expected to Hold Interest Rate Steady to Sustain Inflation Moderation
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has commenced its two-day deliberation, with the focus squarely on the direction of ...
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Nigeria: Naira Firms as Corporate Dollar Demand Eases Amid CBN’s Strategic Support
The Nigerian naira posted modest gains last week against the US dollar, buoyed by subdued corporate demand for foreign exchange and signs of ...
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Nigeria: Interbank Rates React as Banks Withdraw N1.4 Trillion from CBN Standing Facility
Short-term benchmark interest rates in Nigeria’s money market edged higher last week amid tightening system liquidity, following a significant withdrawal of funds through ...
Nigeria
Nigeria: FCCPC Shuts Down Fraudulent Consumer Protection Entity in Abia State
In a decisive move to safeguard regulatory credibility and protect consumers, the Federal Competition and Consumer Protection Commission (FCCPC), in coordination with law ...
Nigeria
Nigeria: FIRS and RMAFC Establish Joint Committee to Bolster Tax Compliance and Fiscal Governance
In a strategic move aimed at strengthening Nigeria’s fiscal architecture, the Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal ...
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Nigeria: Proposed US Remittance Tax May Curtail Nigeria’s FX Inflows and Spur Informal Transfers — CSL
CSL Stockbrokers Limited has warned that a proposed United States (US) legislation imposing a 5% tax on outbound remittances could significantly impact Nigeria’s ...
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Nigeria: World Bank Projects Inflation to Average 22.1% in 2025, Backed by CBN’s Tight Monetary Policy
The World Bank has projected that Nigeria’s average inflation rate will ease to 22.1% in 2025, citing the Central Bank of Nigeria’s (CBN) ...
Nigeria
Nigeria: Sterling Holdings Shares Dip Amid Regulatory Filing Delays
Sterling Financial Holdings Company Plc experienced a significant decline in market value on Monday, shedding approximately 6% amid high trading volume and regulatory ...
Nigeria
Nigeria: CBN Ups Treasury Bills Offer to ₦550bn Amid Declining Investor Demand
The Central Bank of Nigeria (CBN) has raised the total offer at its latest Treasury Bills (T-Bills) Primary Market Auction to ₦550 billion, ...
Nigeria
Nigeria’s IMF Loan Repayment Sends Strong Signal to Global Markets
Nigeria’s full exit from the International Monetary Fund (IMF) debt list following the repayment of its $3.35 billion emergency loan has been hailed ...
