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Nigeria Eurobonds and Stocks Rally on Tinubu Promise to End Fuel Subsidy.
Nigeria's sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu declared during his…
NAMB Initiates Recapitalisation Review of MFBs after Revocation.
The National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on…
FG borrowed N6 trillion from CBN in 2022 – Report.
According to latest data from the Central Bank of Nigeria, the Federal Government borrowed N6.07 trillion from the…
The CBN Disburses N173 billion Under the 100-for-100 Program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients…
Tinubu States that the Subsidy is no Longer in Effect.
President Bola Tinubu stated on Monday in Abuja that his administration will end the subsidy on petroleum…
CBN: From January to April 2023, the FG spent $894 million to service foreign…
According to data supplied by the Central Bank of Nigeria (CBN), the federal government spent $894 million…
Nigeria: President Tinubu, Pledges an Economic Revival.
At his inauguration on Monday, Nigeria's new President Bola Tinubu pledged to develop the economy by at least 6%…
The FG Hopes to Earn N7.01 billion from Train Passengers by 2025.
The Federal Government expects train passengers to generate N7.01 billion in revenue by 2025. This was stated in…
Emefiele expresses concern about poor crude production.
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has called for a collaborative effort to…
The CBN disburses N173 billion under the 100-for-100 program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients…
NGX: Total FGN Savings Bond Allotments Increase to N5.06bn in Five Months.
According to the Nigerian Exchange Limited (NGX), total allotments for FGN Savings Bonds increased to N5.06…
Buhari seeks Senate approval to pay $556 million, £98 million, and N226 billion in…
The judgment debts were resolved by the issuance of promissory notes, which will subsequently be evaluated over…
NIN and debit card integration approved by the FG.
Nigerians can now request that their commercial banks issue them a debit card that also serves as their National…
Nigeria: NNPCL to Boost Oil Reserves As Fresh Drilling Begins in Borno.
The Nigerian National Petroleum Company Ltd has resumed an oil drilling program in Wadi-B in Borno State's Jere…
Sirika inaugurates a N2 billion enhanced GAT at Lagos International Airport.
Senator Hadi Sirika, Minister of Aviation and Aerospace, launched the first phase of the N2.2 billion General…
CBN’s external reserves have fallen by $1.5 billion in four months.
According to information received from the Central Bank of Nigeria, the country's external reserves declined by…
The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and…
Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno…
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market…
Senate’s approval of N22.7tn loan may increase bond rates.
Capital market specialists have warned that the securitization of the Senate's N22.7 trillion Ways and Means…
The acquisition of a South African tech company is being driven by Infinite…
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa's foreign direct investment, according to Kashifu Inuwa, Director General of the National…
Dangote refinery gasoline launches on the market in July, helping FG save N7…
With the start of operations at the Dangote Refinery and Petrochemicals, the Federal Government might save nearly…
Nigeria has not missed payments on Chinese loans, according to DMO.
Nigeria has not defaulted on repaying its Chinese loans, contrary to what a non-governmental organization,…
The CBN prohibits the mint corporation from printing checks.
According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue…
The World Bank will increase FG’s access to a $750 million loan.
The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to…
FG introduces a tribunal for advertising offenses.
The Advertising Offences Tribunal was established by the Federal Government to address violations of the…
Concessionaire would contribute N5.3 billion to eCRVS, claims FG.
The concessionaire, Messrs Barnksforte Technologies Limited, has informed the Infrastructure Concession Regulatory…
According the CBN, bank assets have increased to N78 trillion.
By the end of February 2023, the total assets of the Nigerian banking sector had increased by 25.12% over the…
Net FX inflow fell to $72 billion in 2022, according to CBN.
The Central Bank of Nigeria (CBN) reported that the country's net total foreign exchange (FX) inflow closed at…