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Financial Stability

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Smuggling surge, revenue losses and succession plot threaten Nigeria Customs Service

Customs officers are allegedly guarding smugglers at night, a government revenue code is being used to steal billions, and a power struggle is brewing at the top of Nigeria Customs Service.
News

Reprisal attack kills several residents in Kogi communities after herder’s death

Several residents have been killed in a reprisal attack on Abugi, Kuchinda and Mikugi communities in Kogi State after a vigilante allegedly shot dead an unarmed herder.
News

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.
Business

13 Banks to Raise N3.31 Trillion, CBN Sets New Capital Rules

In response to CBN's updated capital requirements, Nigerian banks are tasked with raising N3.31 trillion, aiming to bolster financial resilience and support economic growth.
Business

JP Morgan Forecasts Naira to Reach N850/$ by Year-End: What It Means for Nigeria

JP Morgan, a renowned global financial services company, has made a prediction that the...
Business

Risevest Opens Doors to U.S. Property Investments for Nigerians

Risevest, a revolutionary investment platform, is empowering Nigerians to secure U.S. properties, fostering financial...

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News

Smuggling surge, revenue losses and succession plot threaten Nigeria Customs Service

Customs officers are allegedly guarding smugglers at night, a government revenue code is being used to steal billions, and a power struggle is brewing at the top of Nigeria Customs Service.
News

Reprisal attack kills several residents in Kogi communities after herder’s death

Several residents have been killed in a reprisal attack on Abugi, Kuchinda and Mikugi communities in Kogi State after a vigilante allegedly shot dead an unarmed herder.
News

Lagos short of 40,000 doctors as Sanwo-Olu warns of health funding gap

Lagos State needs roughly 40,000 more doctors and 40,000 nurses, Sanwo-Olu says, while its health sector needs at least N100bn above current budget provisions.
News

ICPC recommends prosecution of alleged PFIPC boss Adeyemi

The ICPC has recommended prosecuting Adeniyi Adeyemi, alleged head of the disputed PFIPC, telling President Tinubu in an interim report that flagged forged appointment documents.