According to the latest data from the Central Bank of Nigeria's (CBN) Money and Credit Statistics, Nigerians withdrew N364.38bn from banks in November 2024 due to the cash scarcity affecting many parts of the country. 

The Nigerian stock market wrapped up yesterday with a 37.65 percent return for the year, placing it among the three highest returns worldwide. 

FG Allocates N53bn for Renovation of 103 Foreign Missions   The Federal Government has allocated N53 billion for the renovation of 103 foreign missions, aiming to upgrade various facilities including chanceries, staff quarters, ambassadors' residences, office furniture, and official vehicles. Allocations include N554m...

Marketers Predict Fuel Price Drop as Warri Refinery Resumes Production   The Nigerian Midstream and Downstream Petroleum Regulatory Authority and oil marketers have announced that the resumption of operations at the Warri Refining and Petrochemicals Company Limited is expected to lead...

Currency in Circulation Hits N4.8trn Amidst Cash Crunch   The total currency in circulation in Nigeria reached N4.8 trillion in November 2024, up 7% from the previous month and representing an all-time high. Also, currency outside banks grew significantly in the same month hitting...

NGX Records N987bn Gain in Opening Session of the Week   The Nigerian Exchange Limited (NGX) wrapped up its first trading day of the week with a market capitalization of N62.5 trillion. The session saw an impressive 641,117,293 shares change hands...