Gulf Crisis: IMF Plans $50bn Support for Nigeria, Other Vulnerable Nations
The International Monetary Fund (IMF) disclosed yesterday that it was preparing a potential $50 billion support package aimed at cushioning…
Category: Finance
IMF Sees Nigeria’s Growth Rebounding to 4.3% in 2027 Despite 2026 Downgrade to 4.1%
The International Monetary Fund (IMF), in its latest World Economic Outlook (WEO) 2026, released yesterday, revised Nigeria’s growth projection downward…
Fidelity Bank Takes Lead in Banking Recapitalisation Drive
As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026, most banks operating in…
Zenith Bank Maintains Its Leadership Streak With PBT of 1.26trn, Declares 100% Increase In Dividend
Zenith Bank PLC has released its audited group financial results for the full year ended December 31, 2025. The Group’s…
McKinsey: Nigerian Banks’ Revenue Pool to Hit $16bn by 2030 Amid Consolidation Push
Nigeria’s banking industry is on course for a structural transformation that will see market size rise to $16 billion by…
FG Monitors Middle East Tensions to Protect Nigeria’s Economy
Abiola Sopeju The Federal Government has announced that it is closely monitoring escalating geopolitical tensions in the Middle East involving…
CBN Boosts Foreign Reserves with Indigenous Gold as Holdings Hit $3.5bn
The Central Bank of Nigeria (CBN) has bolstered its foreign reserves with the addition of responsibly sourced gold refined to…
Reuters Report: Naira Expected to Remain Bullish against US Dollar Next Week
Nigeria’s currency is expected to strengthen further against the dollar in the next week to Thursday, while those of Kenya,…
As CBN Opens Official FX Market to BDCs, Dollar Crashes to N1,348/$
The Naira strengthened to N1,348 against the US dollar on the Nigerian Foreign Exchange Market (NFEM) yesterday, indicating a 14-month…
NRS Targets N40.71tn Revenue for 2026, Collected N28.3tn in 2025
Executive Chairman, Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, yesterday, disclosed that the federal government had set a revenue target…