Nigeria’s Gross Domestic Product (GDP) experienced an increase of 3.98 percent year-over-year in real terms during the third quarter of 2025. This recent figure reflects a modest rise from the 3.86 percent achieved in the equivalent period of 2024. This information is derived from the newly released data by the National Bureau of Statistics (NBS)…
Vendors within the Micro, Small and Medium Enterprises (MSME) sector in Ogun State have voiced their frustrations regarding the daunting challenge of securing loans from financial institutions. They attribute their struggles to inadequate collateral, unfavorable credit histories, and exorbitant interest rates, which relentlessly edge their businesses toward collapse. These entrepreneurs also pointed out that erratic…
The Nigerian National Petroleum Company Limited has seen fit to decrease its premium motor spirit prices at the pump, following the decision made by Dangote Refinery and various depot owners to lower their ex-depot costs. Reports indicate that filling stations in Abuja, as of Thursday, noted that the state-owned enterprise has trimmed its fuel price…
At least 14 commercial banks in Nigeria have not yet satisfied the capitalization mandates set forth by the Central Bank of Nigeria (CBN), as the looming deadline of March 31, 2026 approaches. This update comes on the heels of CBN Governor Olayemi Cardoso’s announcement on Tuesday, revealing that sixteen banks have successfully met their recapitalization…
The Central Bank of Nigeria (CBN) has released a conclusive directive that intricately outlines the procedure for financial holding companies to calculate their minimum paid-up capital, following a series of confusions that had postponed the issuance of various banks’ half-year and nine-month fiscal reports. In a circular dated November 14, 2025, the apex financial institution…
Fidelity Bank Plc, a prominent financial establishment, has unveiled its unaudited financial results for the third quarter, concluding on September 30, 2025. The findings reflect a remarkable performance across pivotal income streams and operational indicators. As per the disclosures made on the Nigerian Exchange Group (NGX) portal on November 21, the Bank reported Gross Earnings…
The Central Bank of Nigeria (CBN) has issued a call for prudence in the handling of naira notes, characterizing the currency as an indispensable emblem of national pride. This appeal was made on a Thursday in Awka during a fair centered around the theme, “Driving Alternative Payment Channels as Instruments for Financial Inclusion, Expansion, and…
This week, on Tuesday, the Naira celebrated its first significant appreciation against the United States dollar in the official foreign exchange market. Data from the Central Bank of Nigeria indicated that the Naira surged to N1,447.43 per dollar, a delightful increase from N1,448.03 exchanged the previous day. This development signifies a noteworthy gain of N0.6…
The Association of Issuing Houses of Nigeria (AIHN) has reported that the Central Bank of Nigeria’s (CBN) bold interest rate increases have significantly heightened investor appetite for fixed income assets in 2024. In her remarks during the AIHN’s Annual General Meeting and the unveiling of the financial statements for 2024 in Lagos, the association’s president,…
The National Bureau of Statistics has announced that Nigeria’s overall inflation rate fell to 16.05 percent in October 2025. The NBS revealed this in its Consumer Price Index and Inflation Report shared on its verified X (once known as Twitter) account on Monday. The report indicated that the inflation rate decreased from the 18.02 percent…
