Vessels carrying 129,000 metric tonnes of petrol and diesel are arriving at Lagos ports between March 14 and 17 as Nigerians contend with fuel prices above N1,200 per litre.
Banks increasingly place funds at the CBN’s SDF window as tightening conditions curb lending appetite and push treasury teams toward safer overnight placements.
Nigerian stock deals jumped 44% due to bank recapitalization efforts, signaling increased investor confidence and optimism in the financial sector’s stability.
The CBN's bailout has facilitated a merger between Unity Bank and Providus Bank, creating a stronger entity poised to enhance Nigeria's banking sector.
The ACAMB has confidently backed the CBN's bank recapitalization plan, ensuring stakeholders that Nigerian banks are secure and poised for robust economic support.
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.
Vessels carrying 129,000 metric tonnes of petrol and diesel are arriving at Lagos ports between March 14 and 17 as Nigerians contend with fuel prices above N1,200 per litre.
Nigeria's federal government says it is finalising funds and logistics for evacuating citizens from the Middle East as Emirates Airlines suspends Dubai flights again over escalating conflict.
MTN Group declared a 45 percent dividend increase to R5 per share after headline earnings per share jumped more than tenfold, led by strong recoveries in Nigeria and Ghana.