Fintech Integration Propels Nigeria’s EMTL Revenue to N31.2 Billion in December 2024
In December 2024, Nigeria's Electronic Money Transfer Levy (EMTL) revenue surged to an unprecedented N31.2 billion, marking the highest monthly collection since the levy’s...
Global Oil Prices Surge Above $81 Following U.S. Sanctions on Russian Energy Sector
In a significant geopolitical development, global oil prices have surged past $81 per barrel following the United States' imposition of comprehensive sanctions on Russia's...
CBN Unveils Innovative Accounts to Lure Nigerian Diaspora Investments, Boosting Economic Growth
The Central Bank of Nigeria (CBN) has launched a novel initiative aimed at attracting investments from the Nigerian diaspora community. This strategic move is...
CBN Secures N1.47 Trillion in Subscriptions for 364-Day Treasury Bills at 22.6% Stop Rate
In a recent auction, the Central Bank of Nigeria (CBN) secured N1.47 trillion in subscriptions for its 364-day Treasury Bills (T-Bills), setting a stop...
Nigeria’s FX Reserves Get a Boost: $591.78m Surge After Eurobond Auction
In December 2024, Nigeria's foreign exchange (FX) reserves experienced a significant boost, increasing by $591.78 million following a successful Eurobond issuance. This strategic move...