Russia Advocates for BRICS Alternative to IMF and World Bank
Russia, currently chairing the BRICS community, has called on its partners to explore the possibility of creating an alternative to ...
Tag: Finance
Nigeria’s PoS Transactions Reach N6.23 Trillion in Seven Months
The Nigeria Inter-Bank Settlement System (NIBSS) reports that Point of Sale (PoS) transactions in Nigeria added up to N6.23 trillion ...
Crypto Market Turns Bearish Ahead of US CPI Report, Bitcoin Drops to $60,800
The cryptocurrency market is feeling negative as people wait for the upcoming United States Consumer Price Index (CPI) report. Right ...
CBN’s Latest Treasury Bill Auction Yields 24.77% Rate
The Central Bank of Nigeria (CBN) recently sold ₦65.03 billion in one-year treasury bills at an interest rate of 24.77% ...
Nigerian Stock Market Records N539 Billion Decline Week-On-Week
The Nigerian Exchange Limited (NGX) stock market saw a big drop of N539 billion from one week to the next, ...
CBN Governor Acknowledges Interest Rate Hike Challenges
Yemi Cardoso, the Governor of Central Bank of Nigeria (CBN), has acknowledged the challenges that come with the recent upward ...
Fidelity Bank Announces 163% Increase in Pre-Tax Profit to N200.8 Billion
Fidelity Bank PLC has reported a pre-tax profit of N200.8 billion for the first half of 2024, which is a ...
Nigerian Stock Market Experiences 0.47% Gain, Trading Volume Surges By 20%
The Nigerian stock market trading ended positively yesterday, as the All-Share Index, ASI, rose by 0.47% to close at 97,520.54 ...
Bitcoin Plunges To $60,000 Amid Escalating Iran-Isreal Tensions
Bitcoin, the dominant digital currency in the world, has nosedived to $60,000 yesterday after Iran launched a missile assault against ...
Naira Plunges to 7-Month Low in Parallel Market
The Nigerian Naira ended September 2024 in a poor state, reaching its lowest point in seven months in the parallel ...
Nigeria’s Economic Growth: The Sleeping Giant That Needs to Wake Up
Nigeria, the most populated country in Africa, has a lot of resources but is still trying to succeed in the ...
CBN Reports Significant Increase In Government Credit For August
The Central Bank of Nigeria (CBN) has reported a big rise in loans to the Federal Government. In August, these ...
Customers Blame First Bank for Frequent Debits
Several First Bank Plc clients have gone to social media to criticise the bank for what they see as needless ...
The Monetary Policy Rate Hike: A Double-Edged Sword for Nigeria’s Stock Market
The inflation and MPR stance of the monetary authority indicate that the stock market of Nigeria is walking on a ...
Hamster Kombat Controversy: Nigerians Express Outrage Over Meager Payouts
Disappointment pervades the Nigerian population, stemming from the Hamster Kombat rewards program, which everyone looked forward to but ultimately proved ...
