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Financial Stability

Bandits abduct 10 in Kwara palace attack

Suspected bandits have burned part of an Emir's palace and abducted 10 people, including his wives and children, in a midnight attack on a Kwara community.

Army warns of impersonation scam using generals’ names

The Nigerian Army has warned of an impersonation scam in which fraudsters pose as senior officers on Facebook to deceive and defraud unsuspecting members of the public.

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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Bandits abduct 10 in Kwara palace attack

Suspected bandits have burned part of an Emir's palace and abducted 10 people, including his wives and children, in a midnight attack on a Kwara community.

Army warns of impersonation scam using generals’ names

The Nigerian Army has warned of an impersonation scam in which fraudsters pose as senior officers on Facebook to deceive and defraud unsuspecting members of the public.

Military vows tight Sallah security in North-East

The Nigerian military has promised tight Sallah security across the North-East, vowing peaceful Eid el-Kabir celebrations despite threats from Boko Haram and ISWAP insurgent remnants.

Tinubu vows four more years of reform

President Tinubu has won the APC presidential primary in a landslide, pledging to set Nigeria on an "irreversible path of economic expansion" if granted a second term.