CBN predicts that the growth of the service sector will be driven by digital lending
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that in 2024, mobile money and digital lending are expected to spearhead...
Fidelity Bank anticipates facing a litigation-related loss exceeding N1 billion
Fidelity Bank's management anticipates a potential loss of approximately N1.19 billion due to claims and legal proceedings for the fiscal year ending December 2023,...
The Naira experiences a recovery as banks unload surplus dollars
Before the Central Bank of Nigeria's midnight deadline on February 1, 2024, instructing commercial banks to divest their excess foreign exchange reserves, Deposit Money...
Airfares to the UK, US, and other destinations experience a significant surge of 55%
The decline of the naira against the United States dollar by 55% in the official foreign exchange market has resulted in a proportional decrease...
$900bn in dormant capital is immobilized within the real estate sector, according to PwC’s assessment
PricewaterhouseCoopers Nigeria estimates that Nigeria holds approximately $900 billion in dead capital, locked in residential real estate and agricultural land, as revealed in their...
