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Private Sector Lending Drops by N14 Trillion Despite CBN Rate Cut

Nigeria, May 26 -- The News Chronicle reports that private sector credit dropped to N80.59 trillion in April 2026 from N94.61 trillion recorded in February, representing a decline of more than N14 tri... Read More


Nigeria's FX Reserves Rise Above $48.8bn as CBN Signals Stronger Market Confidence

Nigeria, May 25 -- The News Chronicle reports that the latest figures released by the Central Bank of Nigeria showed the nation's gross reserves increased from $48.34 billion on May 4 to about $48.89 ... Read More


Arteta Fires Warning to PSG After Arsenal's Premier League Win

Nigeria, May 25 -- The News Chronicle reports that Arsenal secured the league championship with a 2-1 victory over Crystal Palace, igniting celebrations among fans and players after years of disappoin... Read More


Naira Slides Slightly Despite Rise in Nigeria's Foreign Reserves

Nigeria, May 25 -- The News Chronicle reports that the official market saw the naira end the week at N1,375.46 per dollar, representing a 0.32 percent weekly drop, while the black market experienced a... Read More


Nigeria Holds Position Among World Bank's Biggest Borrowers

Nigeria, May 23 -- Nigeria has maintained its position as the third largest borrower from the World Bank's International Development Association despite recording a slight reduction in its debt profil... Read More


NPFL Title Race Heads for Dramatic Finale in Lagos and Port Harcourt

Nigeria, May 22 -- The News Chronicle reports that Enugu Rangers and Rivers United are still locked in a fierce battle for the NPFL Title, with only one point separating the two teams heading into Sun... Read More


CBN Raises N5.63 Trillion as Investors Rush High-Yield OMO Bills

Nigeria, May 15 -- The auctions, conducted between May 4 and May 12, recorded strong demand from investors seeking attractive returns on government securities. Although the apex bank initially off... Read More


Nigeria Inflation May Rise To 16.42% as Fuel and Food Prices Mount Pressure

Nigeria, May 14 -- The Financial Market Dealers Association projected headline inflation at 16.42 percent for April 2026, higher than the 15.38 percent recorded in March. Despite earlier indicatio... Read More


Isaac Fayose Questions Alleged N800bn Support Fund for Tinubu Reelection

Nigeria, May 14 -- The News Chronicle reports that Fayose questioned the origin of such large political donations in a strongly worded social media post at a time when many states are facing economic ... Read More


Court Ends Betting Case Against Super Eagles Star Maduka Okoye

Nigeria, May 14 -- The News Chronicle reports that the Super Eagles player had been under investigation in Italy earlier in the season over claims related to betting fraud. The circumstances affected ... Read More