World Bank Suspends Loan Fees for Vulnerable Nations
The World Bank has announced the suspension of several loan fees to make borrowing more affordable for vulnerable countries. This ...
Tag: Finance
Net Forex Inflow Falls to $14bn in Q3 – CBN
The Central Bank of Nigeria (CBN) has announced that the total amount of foreign money coming into Nigeria's economy in ...
A Festive Period of Despair: Nigeria’s Economy in Ruins
The festive season in Nigeria, a time once filled with laughter, joy, and communal sharing, has turned into a bleak ...
VanEck CEO Predicts Bitcoin Could Reach $170,000 by 2025
Jan Van Eck, the CEO of VanEck, a $115 billion asset management firm, has projected that Bitcoin will continue its ...
Bitcoin Plummets to $95,000 as Market Reacts to Federal Reserve Rate Cut
The cryptocurrency market has dropped a lot after the United States Federal Reserve decided to lower interest rates by 0.25%. ...
Naira Holds Steady at N1,550/$ in Nigeria’s Foreign Exchange Market
The Nigerian naira maintained its resilience against the US dollar on Thursday, closing at N1,540/$ in the official market, a ...
Nigeria’s Fiscal Deficit Hits N7 Trillion as of Q3 2024
Nigeria’s fiscal deficit for the first nine months of 2024 stood at N7.05 trillion, as disclosed by President Bola Ahmed ...
World Bank Plans $1.65bn Loans for Nigeria in 2025
The World Bank plans to give Nigeria three major loan projects for Nigeria in 2025, totaling $1.65 billion. These loans ...
PNUT Memecoin Drops by 5% Following Legal Warning to Binance
The PNUT memecoin, which gained widespread attention during the U.S. election cycle, lost 5% of its value following a legal ...
Nigeria 2025 Budget: Another Chapter of Promises or a Turning Point for Change?
As 2025 approaches, Nigeria's budget is back in the spotlight. Or is it really? Every year, the budget process feels ...
Bitcoin Reaches New Heights Above $106,000 Amid Market Speculation
On Monday, December 16, 2024, Bitcoin reached a new record high of $106,533. This happened because people thought the U.S. ...
NGX Imposes 3,792 Sanctions on Erring Brokers Over 13 Years
The Nigerian Exchange Group (NGX Group), using its regulatory branch called NGX Regulation Limited (NGX Regco), has given 3,792 penalties ...
CBN Slams N150m Fine on Banks Fueling Naira Hawking Scandal
The Central Bank of Nigeria (CBN) has announced a hefty N150 million fine for each branch of any Deposit Money ...
ECB Reduces Interest Rates to 3%, Signals Weaker Eurozone Growth
The European Central Bank (ECB) has lowered its main interest rate by 25 basis points to 3%. This decision shows ...
Yield on 1-Year T-Bills Drops Further as DMO Manages Borrowing Costs
Nigeria's one-year Treasury bills (T-bills) are showing lower returns as the Debt Management Office (DMO) takes steps to manage borrowing ...
