Naira closes week at N1,366.19 per dollar as Nigeria’s external reserves hit $46.91bn
The Nigerian naira closed the week at ₦1,366.19 per dollar at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This came as Nigeria’s external reserves rose to $46.91 billion, reflecting improved foreign currency inflows into the country. CBN figures showed that the naira weakened slightly on Friday, slipping […]
NDIC takes accountability, transparency seriously — MD, Sunday
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Sunday, has said that the organisation places a high value on accountability and transparency in all its activities. He explained that the agency is determined to build public trust through honest and responsible management of funds and operations. Speaking at a recent event, Sunday […]
Court orders temporary forfeiture of N1.1bn linked to Kano
A court has ordered the temporary forfeiture of N1.1 billion linked to Kano State. The decision was made to secure the funds while investigations and legal proceedings continue. Authorities said the money may have been involved in unlawful transactions. The court’s ruling is part of ongoing efforts to trace and recover public funds suspected to […]
Lagos sets record as investors oversubscribe N214.8bn bond issuance
Lagos State has achieved a major financial milestone after investors oversubscribed its N214.8 billion bond issuance, signaling strong trust in the state’s economic direction and governance. The state government revealed that the response from institutional and private investors far exceeded expectations, showing continued confidence in Lagos as a reliable investment destination. According to reports, the […]