Naira Comeback on Carry Trade and Softer Dollar
The naira rallied this week, buoyed by carry trade inflows and a weaker U.S. dollar. Analysts say CBN’s policy easing has boosted investor appetite for Nigerian assets....
Finance
Nigeria’s overnight lending rate falls 100 bps
Nigeria’s overnight lending rate fell by 100 basis points this week, reflecting excess liquidity after the CBN’s policy easing and growing confidence in monetary stability....
Nigeria’s Debt Ratio ‘Improves’ to 39.4% — But Don’t Celebrate Yet
NBS rebases GDP, trims Nigeria’s debt-to-GDP to 39.4%, but analysts warn the real burden of debt hasn’t moved an inch....
EFCC Arraigns Company Director for ₦13.8 Billion Ponzi Scheme Fraud
EFCC arraigns Precious Williams in Rivers State over a complex ₦13.8 billion Ponzi scheme involving fake investment returns and money laundering....
The System Hack: How Credicorp Is Rewriting Nigeria’s Consumer Economy
Cash-and-carry is dying. Nigeria’s consumer culture is entering a new era—with Credicorp at the helm and dignity at the center....
SEC WARNS NIGERIANS AGAINST CBEX CRYPTO PLATFORM:
Nigeria’s Securities and Exchange Commission has declared CBEX illegal, warning the public against transacting with the crypto platform or its promoters....