Economy & Market

Tinubu Orders Tighter Oversight of Stablecoin Transactions

President Bola Tinubu has directed financial and capital market authorities to monitor the increasing use of stablecoins and digital currencies in Nigeria,...

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Cardoso Rallies Banks to Meet $1 billion Monthly Diaspora Remittance Target

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, yesterday, urged Nigerian banks to intensify support for the apex bank’s efforts to grow...

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Tinubu Urges Bankers to Boost Funding to Manufacturing Sector, Digital Innovations, Others

President Bola Tinubu, yesterday, urged the banking sector to do more to support the country’s struggling manufacturing sector to boost its contribution...

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Senate Seeks Extension of CBN’s Forbearance Loans Deadline

Izunaso, who made the call at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN)...

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Stock Market Continues Bullish Trend as ASI Up 0.3%

EQUITIES The Nigerian equities market continued its bullish trend from yesterday, as gains in WAPCO (+6.2%), GTCO (+0.54%), and INTBREW (+4.1%) spurred a...

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Soaring Revenue, Cut in Debt Raise Economy’s Profile –Edun

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday said Nigeria’s debt-to-Gross Domestic Product (GDP) ratio now stands at...