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Financial Stability

CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.

Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.

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

CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.

Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.

Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.

NAFDAC finds methanol and cannabis in Ondo drinks that killed 48 people

NAFDAC lab tests found high concentrations of methanol and cannabis in herbal concoctions blamed for 48 deaths and seven cases of blindness in Ondo State.