CBN Lowers T-Bill Rate to Below 18% to Stimulate Economic Growth
The Central Bank of Nigeria (CBN) has cut spot rates on Nigerian Treasury bills at the primary market auction on Wednesday in a bid to reduce its payment burden.
The Apex Bank has been scaling...
Nigeria's Economic Woes Drive Foreign Investors to Dump N455bn Worth of Stocks
Foreign investors withdrew N455.62bn from the Nigerian stock market in 2024, significantly outpacing total inflows and reinforcing concerns about investor confidence despite the Central Bank of Nigeria’s efforts to stabilise the naira.
Industry experts...
Bird Strikes Cost Domestic Airlines N3bn Revenue Loss Annually
Recent flight disruptions on domestic routes have been attributed to bird strikes, a persistent threat to flight operations. Despite ongoing efforts to mitigate the issue, bird strikes remain a significant challenge for Nigeria's aviation sector.
The financial...
NGX Trading Falls Again as Investors lose N273.66bn
Bearish sentiments persisted in the Nigerian equities market for the third consecutive session in the week as sell pressures in TRANSCORP caused a 0.4 percent decline in the benchmark index, the NGX All Share Index to 106,434.02...
Nigeria's Agric Growth Declines as Food Insecurity Lingers - Report
The National Bureau of Statistics (NBS) data analysis has revealed that agriculture sector growth slowed to 1.76 percent in 2024, hitting a five-year low in blow for Nigeria’s food security drive.
NBS showed that Nigeria’s agriculture...
CBN Must Rethink Its New ATM Withdrawal Policy
By Tahir Ahmad
The Central Bank of Nigeria (CBN) recently implemented its revised ATM withdrawal charges, a move that has sparked widespread frustration among Nigerians. Under the new policy, which took effect on March 1, 2025, bank customers...
