Hope Moses-Ashike

1 day ago | businessday.ng | Hope Moses-Ashike

The naira on Tuesday closed flat at the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) recorded the highest dollar sale in one week, accounting for 50 percent inflows. After trading yesterday at the Nigerian Foreign Exchange Market (NFEM), the naira depreciated slightly by 0.2 percent as the dollar was quoted at N1,602.63 compared to N1,599.93 seen on Thursday last week before the Easter holiday, data from the CBN showed.

1 day ago | businessday.ng | Hope Moses-Ashike

The International Monetary Fund (IMF) has warned that global financial stability risks have intensified, fuelled by tightening financial conditions, ongoing geopolitical tensions, and uncertainty in global trade. The warning was issued in its latest ‘Global Financial Stability Report,’ which outlines mounting vulnerabilities across capital markets, nonbank financial institutions (NBFIs), and sovereign debt markets.

2 days ago | businessday.ng | Hope Moses-Ashike

One of the key goals of the Central Bank of Nigeria (CBN) is to maintain price stability, and this means keeping inflation low and stable to ensure a healthy economic environment. The CBN stated in its website that one of its core objectives is to ensure monetary and price stability. When prices are stable, it makes it easier for businesses and individuals to plan and make decisions about investments and consumption.

3 days ago | businessday.ng | Hope Moses-Ashike

The World Bank is spearheading a high-level dialogue aimed at addressing the pressing global challenge of youth unemployment by focusing on the creation of better and more sustainable jobs. The initiative, which brings together global leaders, private sector executives, young entrepreneurs, and development experts, is designed to spark innovative thinking and coordinated action toward building a future where every young person can access decent work.

3 days ago | businessday.ng | Hope Moses-Ashike

In the first quarter of 2025, Nigerian banks reported a varied landscape in the supply and demand for credit across different lending categories, with increases in unsecured and corporate lending availability contrasting with a decline in secured household lending. This insight comes from the Central Bank of Nigeria’s (CBN) Credit Conditions Survey, which was conducted in February 2025 and captures the views of lenders regarding changes in credit availability, demand, and risk.