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Vice‑President reiterates call for expanded MSME support

Kashim Shettima, Nigeria’s Vice‑President, has reiterated the government’s call for expanded support for Micro, Small and Medium Enterprises (MSMEs), emphasising the sector’s central role in economic growth, employment generation and…

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NDIC expands deposit insurance coverage to strengthen financial system stability

The Nigeria Deposit Insurance Corporation (NDIC) has announced an expansion of deposit insurance coverage to safeguard a larger portion of bank customers across the country. The move aims to strengthen confidence in the nation’s banking system and enhance financial sector…

FX market spread tightens as banks prepare dollar supply to BDCs

Nigeria’s foreign exchange market recorded a noticeable narrowing of the gap between the official window and the parallel market following renewed expectations of dollar sales to Bureau De Change (BDC)…