CBN Set To Upgrade eNaira With Bills Payment The Central Bank of Nigeria (CBN) has stepped up the campaign on its digital currency, eNaira, even as it said, it will, before the end of this month, introduce payment of bills on the wallets. Speaking at a...

Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn   The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised...

In Eight Days, External Reserves Drop By $196m   Nigeria’s external reserves drop by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria. The CBN revealed that the reserves, which had earlier gained $243.83m in 19...

Stakeholders To FG - Take Urgent Steps To Halt Nigeria’s Rising Debt As the national debt stock rapidly increases, some business stakeholders are advising the government to take steps to halt its rise. The stakeholders who spoke with the News Agency of Nigeria (NAN) advised the...

N431.9bn Recorded By Nigerian stocks, Intensifies Strong Corporate Results Nigerian stocks advanced by (1.64 percent) N431.9 billion on Friday, the fastest rate seen in weeks as investors splurged big cash on equities after many companies reported stronger-than-expected first-quarter earnings. Airtel Africa, FCMB Group and Nestle led...

Telecom Giant (MTN Nigeria) Generates N471bn in Three Months MTN Nigeria has reported 22.2% growth in revenue for Q1 2022, amid fall in subscriber base, as regulatory restriction on new SIM sales and activations continue to impact the telco’s operation. In its Unaudited Results for Q1...