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Financial Stability

US seizes Nigerian-owned supertanker over alleged crude theft

US forces seized a Nigerian-owned supertanker over alleged crude theft as experts raise concerns about Nigeria’s maritime oversight.

Owo Priest Recounts How Attackers Killed Over 40 Worshippers in Court Testimony

A priest recounted how gunmen and explosives tore through his Owo parish, leaving more than 40 worshippers dead and many injured.

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.

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.

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...

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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US seizes Nigerian-owned supertanker over alleged crude theft

US forces seized a Nigerian-owned supertanker over alleged crude theft as experts raise concerns about Nigeria’s maritime oversight.

Owo Priest Recounts How Attackers Killed Over 40 Worshippers in Court Testimony

A priest recounted how gunmen and explosives tore through his Owo parish, leaving more than 40 worshippers dead and many injured.

Sanusi Faults Political Elite for Turning Public Office Into Family Property

Sanusi accused Nigeria’s political class of turning public office into personal property and urged young citizens to push for national reform.

Asian Shares Gain on Fed Rate-Cut Hopes

Asian stocks rise as investors build confidence around potential Fed rate cuts, lifting major regional indexes and improving overall market sentiment.