CBN Reveals Currency Outside Banks Hit Historic High of N3.4trn   A report by the Central Bank of Nigeria (CBN) has revealed that currency outside banks at at December 2023 reached a staggering N3.43 trillion, representing a whopping 94 per cent...

Ticket Revenue: CBN, Foreign Airlines Clash Over Unpaid $700m   The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it had...

Banks’ Loan Portfolio Surged By N20.8trn   Despite the stringent policy measures implemented by the Central Bank of Nigeria (CBN), commercial banks in the country have witnessed a remarkable N20.8trillion Year-on-Year (YoY) growth in their total credit to the private sector,...

NGX: Market Cap Sheds N857bn Over Sell-offs   The market capitalisation of the Nigerian Exchange Limited (NGX) recorded its second dip this year as it shed N857bn to close at N56,425tn on the back of sell-offs. The All-Share Index went down by...

IMF Foresees Weaker Economic Growth For Nigeria   The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from 3.1 per cent in its October forecast. It disclosed this in its ‘World Economic Outlook Update,...

NRC Generates N287m From Cargo Haulage In Three Months – NBS   The Nigerian Railway Corporation (NRC) earned N286.78m from cargo transported by rail in the third quarter of 2023, according to the National Bureau of Statistics. NBS in its latest rail...