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CBN verifying disputed $2.4bn FX claims – Cardoso
The Central Bank of Nigeria (CBN) has launched a re-validation process to address complaints from manufacturers!-->…
Federal High Court Extends Freeze on 818 Bank Accounts Linked to N10 Billion…
The Federal High Court in Abuja has extended the freezing of 818 bank accounts connected to a N10 billion!-->…
Banks refund N7.05bn, $714,569 to customers – CBN
The Central Bank of Nigeria (CBN) has announced that, through its intervention, Nigerian banks refunded!-->…
High petrol price pushes inflation to 32.70% – Report
Nigeria’s headline inflation rate rose to 32.7% in September 2024, marking a marginal increase of 0.55% from!-->…
Forex crisis grounds four inland dry ports projects
Maritime operators have cited Nigeria's foreign exchange crisis as a key factor in the delayed completion of four!-->…
Employers remit N692bn pension contribution – PenCom
In the first half of 2024, employers across Nigeria's public and private sectors contributed a total of N692!-->…
Stanbic IBTC Holdings appoints Kunle Adedeji as Acting Chief Executive
Stanbic IBTC Holdings has appointed Dr. Kunle Adedeji as Acting Chief Executive Officer, following regulatory!-->…
FG removes VAT on diesel, CNG, electric vehicles, others to crash prices
The Federal Government of Nigeria has announced value-added tax (VAT) exemptions for several energy products,!-->…
Nigeria’s FX crisis fuels crypto usage as transactions hit $59bn
Cryptocurrency usage in Nigeria continues to grow rapidly, fueled by a weakening national currency and high!-->…
Court hears Barbican, FBN N5.4bn shares dispute Oct 21
A Federal High Court in Lagos has scheduled October 21, 2024, for the hearing of pending applications in a lawsuit!-->…
BOI disburses N77.56bn loans to MSMEs
The Bank of Industry (BOI) has disbursed N77.65 billion in loans to nearly 1,000 medium, small, and!-->…
‘CNG initiative unlocks $175m in private investment’
The Federal Government's Compressed Natural Gas (CNG) initiative has attracted $175 million in private sector!-->…
PenCom Approves Merger Between Access, ARM Pensions
The National Pension Commission (PenCom) has approved the merger between ARM Pension Managers and Access Pensions!-->…
Why FG is yet to approved fixed FX rate for Custom import duties — Taiwo Oyedele
The Nigerian government has explained why it cannot use a fixed exchange rate for import taxes, which are the fees!-->…
Petrol Import In Nigeria Drops By 3.58 Billion Litres After ‘Subsidy Removal’
Nigeria has experienced a significant decrease in petrol imports following President Bola Tinubu’s removal of the!-->…
CBN Says Currency In Circulation Now N4.1trillion With Only 6% In Banks
Data from the Central Bank of Nigeria (CBN) reveals that the total currency in circulation has reached an all-time!-->…
Oando Emerges First Nigerian IOC, Valuation Hits $4 Billion
Oando Plc, a leading Nigerian oil and gas company, has become Nigeria's first indigenous International Oil Company!-->…
BREAKING: World Bank approves $1.57 billion for Nigeria for three projects
The World Bank has approved $1.57 billion to help Nigeria with important projects. This money will be used to fix!-->…
Nigeria’s Used Car Imports Drop by 83% Due to New Tax
Nigeria's spending on used vehiclears, fell significantly by 83% in the first half of 2024 compared to the same!-->…
Cardoso, World Bank, IMF Brainstorm to Craft New Strategies for Inclusion Growth…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, participated in the prestigious Bretton!-->…
Nigeria’s Bank reserves with CBN surge to N26.8 trillion amid aggressive CRR…
Nigeria's banking reserves grew significantly to N26.8 trillion in August 2024, up from N19.4 trillion the!-->…
Bank, Fintech Must Partner To Activate Nigeria’s $1trn Economic Target’
To help Nigeria reach a $1 trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance!-->…
FG plans tax incentives for MSMEs
The Federal Government of Nigeria has reiterated its commitment to helping micro, small, and medium enterprises!-->…
Sugar Masterplan Attracted $1 Billion Investments, 15,000 Jobs, Says NSDC Boss
The National Sugar Development Council in Nigeria has announced exciting news about the country's sugar industry.!-->…
NMRC secures $200m funding from U.S for mortgage
The Nigeria Mortgage Refinance Company (NMRC) has received $200 million from a U.S. organization to help more!-->…
NDIC pays 94% insured depositors of Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has paid 94% of the people who had money in the closed Heritage!-->…
Reduce interest rates on industrial loans, MAN urges govt
The Manufacturers Association of Nigeria (MAN) is asking the government and the Central Bank to review how raising!-->…
FG gets $600,000 relief fund from Gates Foundation
The Nigerian government has received $600,000 from the Bill and Melinda Gates Foundation to help people affected!-->…
ExxonMobil Unveils $10bn Deepwater Investment Plan in Nigeria, Shettima Ecstatic
The Nigerian government is working hard to bring more businesses and money into the country. Recently, ExxonMobil,!-->…
Cash transfer: FG releases N24bn to 991,261 households
The Nigerian government has given out N24.78 billion to help 991,261 poor families across the country. This is!-->…