Economy & Market
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44W’Bank Flags Fiscal Risk in Nigeria’s ₦4tr Power Bond
The World Bank has stated its opinion on the Federal Government’s plan to settle the N3.3tn debts owed to power-generating companies, with...
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170Afreximbank Mulls $10b to Shield Nigeria, Others from Gulf Crisis
To mitigate the economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank...
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165Oil Shock: W’Bank Predicts 3.1-Point Inflation Rise for Nigeria
The World Bank has warned that the ongoing surge in global oil prices could directly add around 3.1 percentage points to Nigeria’s...
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169Banks to Undergo Regular Stress Tests Under New CBN Framework
The Central Bank of Nigeria (CBN) has disclosed plans to implement regular stress tests for all commercial banks in the country as...
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160NSIA Profit Slumps 91% as FX Gains Fade, Reality Bites
The Nigeria Sovereign Investment Authority (NSIA) has reported a significant slump in its 2025 financial performance, with profit plunging by 91% as...
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229Economic and Market Report: Week Ended 02-04-2026
Global Economy According to the United States Department of Labor, initial jobless claims declined by 9,000 to 202,000 in the week ended...
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86CBN: 33 of 37 Banks Met New Capital Requirements, Raised ₦4.65tr
The Central Bank of Nigeria (CBN), yesterday disclosed that Nigerian banks had raised a total of N4.65 trillion in new capital within...
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160Turkey Targets $5b Trade with Nigeria
The Turkish Ambassador to Nigeria, Mehmet Poroy, yesterday began moves to deepen economic ties between both countries, setting an ambitious $5 billion...
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167Stock Market Benchmark Index Closes 0.2% Higher
EQUITIES The benchmark index closed 0.2% higher in today’s session driven by demand for Banking tickers, including GTCO (+7.3%), ZENITHBANK (+7.5%), STERLINGNG...
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164CBN Sets Tough Cybersecurity Timeline for Banks
The Central Bank of Nigeria has directed banks to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to...
