Nigeria’s foreign debt servicing soars to N3.8trn in 8 months
Nigeria’s foreign debt servicing costs have risen sharply by 107.7%, reaching N3.8 trillion in just eight months,…
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Nigeria’s Economy Stable and Ready for Investment
Nigeria's Finance Minister, Wale Edun, has declared the country's macroeconomic environment stable and conducive…
Unity Bank Boosts Savings Culture with Financial Literacy App
Unity Bank Plc has unveiled plans to launch a financial literacy app targeted at children and teenagers to…
Naira drops to 1690.37/$ as dollar supply falls
The naira fell 2.31% on Monday at the National Autonomous Foreign Exchange Market (NAFEM), closing at ₦1,690.37/$,…
Foreign inflow on NGX drops to N11bn
Foreign inflows into the Nigerian Exchange Limited (NGX) experienced a notable decline in September 2024, dropping…
Dangote Refinery signs 60 million litres weekly petrol deal with marketers
The Dangote Petroleum Refinery has finalized a major agreement with the Independent Petroleum Marketers…
Stanbic IBTC Capital Becomes Issuing House For N40bn Multi-Instrument Issuance…
Stanbic IBTC Capital Limited has been appointed as the lead issuing house for RMB Nigeria’s ₦40 billion…
UBA Achieves Record N2.4 Trillion Earnings in Q3 2024
United Bank for Africa (UBA) Plc has recorded a historic N2.4 trillion in gross earnings for the first nine months…
Stanbic IBTC Seeks to Increased Agriculture Funding
Stanbic IBTC Bank has reaffirmed its dedication to transforming Nigeria’s agricultural sector by improving access…
African Experts Discuss Growth of Takaful and Non-Interest Finance
Finance experts from across Africa gathered in Lagos for the second African Takaful and Non-Interest Finance…
Access Bank Named Nigeria’s Sole Firm on Forbes 2024 World’s Best Employers List
Access Bank PLC has been recognized as the only Nigerian company on Forbes' 2024 World’s Best Employers List,…
Naira Volatility Deters South African Investors from Nigeria
South African investors are increasingly hesitant to explore Nigeria’s market potential due to the naira's…
Rising Inflation Concerns Amid Energy and Currency Pressures in Nigeria
Nigeria's inflation rate surged to 33.88% in October 2024, up from 32.70% in September, driven by rising energy…
LAPO advocates financial inclusion for underserved communities
LAPO Microfinance Bank is championing financial inclusion across Nigeria, focusing on underserved communities. The…
Investors gain N295bn as stock market turns bullish
The Nigerian stock market rebounded strongly last week, with investors gaining N295 billion following two weeks of…
InfraCredit Secures $30m Co-financing Facility from BII to Support Renewable…
InfraCredit has secured a $30 million investment from British International Investment (BII), the UK’s development…
Renewed Interest in UBA, Zenith Bank, 28 Others Lift Stock Market
The Nigerian Exchange Limited (NGX) closed positively on the previous trading day, recording a 0.16% gain, driven…
EFCC, NAICOM partner to boost insurance sector
The Economic and Financial Crimes Commission (EFCC), led by Chairman Mr. Ola Olukoyede, has pledged to enhance its…
Federal Government working on industrial relations policy
The Federal Government, through the Minister of Labour and Employment, Muhammadu Dingyadi, is developing a…
Minister pledges support for indigenous tech firms
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has pledged government support for…
Nigeria’s Power Sector Set to Seek $10 Billion in Private Investment for…
The Nigerian government aims to bridge a $10 billion investment gap in the power sector through Public-Private…
Lagos Johannesburg Cairo Set to Lead Africa’s Economic Growth by 2035
A recent report from Economist Intelligence predicts that Lagos Johannesburg and Cairo will emerge as the top…
Nigeria’s Domestic Debt Hits N66.96 Trillion Amid Inflation and Budget…
Nigeria’s domestic debt stock has surged to N66.957 trillion as of mid-2024, marking an 8.74% increase from the…
NCDMB Seeks Industry Support to Boost Nigeria’s Crude Oil Output and Energy…
The Nigerian Content Development and Monitoring Board (NCDMB) has called for robust support from industry…
MAN Urges Full Support for Dangote Refinery to Drive Nigeria’s Economic Growth
The Manufacturers Association of Nigeria (MAN) has called on the Nigerian government and citizens to support the…
Nigerian Stock Market Rebounds with N96bn Gain, Driven by Key Sector Advances
The Nigerian Exchange Limited experienced a positive shift on Wednesday as investors gained N96 billion,…
British International Investment Provides $30M to Boost Renewable Energy in…
InfraCredit has received a $30 million risk-sharing and blended local currency facility from British International…
Okonjo-Iweala Reappointed for Second Term as WTO Director-General
Ngozi Okonjo-Iweala, former Nigerian finance minister, has been reappointed as the Director-General of the World…
Nigeria’s Rising Debt-Service Costs Threaten Economic Stability Amid Naira…
Nigeria’s debt-service-to-revenue ratio surged to 162% in early 2024, significantly straining government finances…
UBA and Mastercard Unveil 75th Anniversary Commemorative Card with Exclusive…
To celebrate its 75th anniversary, the United Bank for Africa (UBA) has partnered with Mastercard to launch a…