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Financial Stability

Nigeria fails US fiscal transparency test for second year

Nigeria has failed the US fiscal transparency test for a second straight year, with the State Department citing a vague budget and weak audit oversight.

SEC orders operators to freeze ISIS-linked accounts

Nigeria's SEC has ordered capital market operators to freeze assets linked to one Nigerian and three companies the US sanctioned over alleged ISIS financing.

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...

Latest articles

Nigeria fails US fiscal transparency test for second year

Nigeria has failed the US fiscal transparency test for a second straight year, with the State Department citing a vague budget and weak audit oversight.

SEC orders operators to freeze ISIS-linked accounts

Nigeria's SEC has ordered capital market operators to freeze assets linked to one Nigerian and three companies the US sanctioned over alleged ISIS financing.

Katsina United Deny Dead Player Regained Consciousness

KEY POINTS Ozor died after collapsing during a friendly. Club denies he regained consciousness. ...

Wike Closes FCT Housing Committee Office

KEY POINTS Wike closes the old housing secretariat. New division takes over house sales. ...