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$600m monthly diaspora remittances proof of reforms – FG
The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to…
Nigeria’s power sector reforms fail where telecom triumphs
When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications…
Nigeria Signs Deepwater Oil Deal with TotalEnergies to Boost Production and Energy…
Nigeria has formalized a major deepwater oil agreement with French energy giant TotalEnergies and local partner…
Insurance Firms Rush to Meet Sept 30 Recapitalisation Deadline Amid New NIIRA 2025…
Insurance companies across Nigeria are racing against the September 30 deadline to submit their recapitalisation…
SEC Nigeria Launches New Website to Enhance Investor Protection and Market…
The Securities and Exchange Commission (SEC) Nigeria has unveiled its redesigned website, signaling a major push…
World Bank drives more budget allocations to critical sectors
Nigeria has leveraged the World Bank’s Programme-for-Results (PforR) to increase funding and budget allocations to…
Dangote Refinery Boosts Fuel Exports Amid Middle East Refinery Shutdowns
The $20 billion Dangote Petroleum Refinery has ramped up exports of petrol, aviation fuel, and diesel as…
Nigeria Economic Society Pushes for Inclusive Growth, Honours Shettima, CBN…
The Nigeria Economic Society (NES) has emphasized the need for inclusive economic growth as it prepares to honour…
Nigeria’s Environmental Future Depends on Artificial Intelligence, Experts Warn
Experts have raised fresh concerns that Nigeria’s survival against worsening climate change, resource depletion,…
Nigeria First’ Policy to Generate N3 Trillion for Economy, Says Trade Minister
The Federal Government has projected earnings of about N3 trillion from its ‘Nigeria First’ policy, a campaign…
Startups tap eSIM boom to disrupt telcos
Nigeria’s telecom sector is witnessing a new wave of disruption as technology startups in the eSIM space emerge to…
NGX Opens September with ₦363bn Loss as Market Indices Decline
The Nigerian Exchange (NGX) began September on a bearish note, with investors losing a total of ₦363 billion in…
Forex Market: Chinese Traders Accepting Naira for Yuan as Currency Swap Boosts…
Nigeria’s foreign exchange market is witnessing new dynamics as Chinese traders increasingly accept naira for yuan…
CBN’s $2 Billion FX Forwards Audit: Winners, Losers, and the Future of Nigeria’s…
The Central Bank of Nigeria (CBN) has concluded a forensic audit into disputed foreign exchange (FX) forward…
Amid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2%…
Amid excess liquidity in the financial sector, banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by…
Naira Holds Steady in Black Market as U.S. Dollar Weakens Amid Global Uncertainty
The Nigerian naira remained stable in the black market, trading just below the N1.550/$ range in the first session…
Nigeria’s Gas Flaring Drops to 7.16% in July 2025 as Gas Production Hits 7.59…
Nigeria recorded a significant energy milestone in July 2025 as gas flaring fell to 7.16%, even as daily gas…
Dangote Refinery Sources Ghana Crude Amid Production Questions, RFCC Unit…
Nigeria’s Dangote Refinery has, for the first time, imported crude oil from Ghana, signaling a shift toward…
Nigeria’s 70% Broadband Target at Risk as NCC Reports Consecutive Decline in July
Broadband penetration in Nigeria fell to 48.01% in July 2025, marking the second consecutive monthly decline,…
Nigeria Must Achieve 8% GDP Growth to Hit $1 Trillion Economy by 2030 — Minister…
Nigeria must raise its Gross Domestic Product (GDP) growth from the current 3 percent to around 8 percent to…
FX Stability, Capital Inflows Push Nigerian Stock Market to N26trn Gain in 8…
Nigeria’s stock market recorded a remarkable growth of N26.01 trillion in market capitalisation within the first…
Nigeria’s New Debt Strategy Sparks Sustainability Concerns as $1 Trillion Economy…
Nigeria’s revised Medium-Term Debt Management Strategy (MTDS) for 2024–2027 has stirred debate over the country’s…
Union Bank completes merger with Titan Trust Bank
Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited,…
Naira Strengthens to ₦1,531.57/$ as CBN Interventions and Rising Reserves Bolster…
The Nigerian naira appreciated to ₦1,531.57 per dollar on Friday, marking a 0.23% gain week-on-week in the…
NGX Revenue Jumps to N24bn on Bank Recapitalisation and New Listings
The Nigerian Exchange Group Plc (NGXGROUP) reported a significant revenue growth to N24 billion in the 2024…
Ghana Treasury Bills Undersubscribed by 50% as Yields Decline Across All Tenors
Treasury bill auctions in Ghana continue to struggle with weak investor demand, as the latest primary market…
Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos…
Licensed clearing agents have appealed to the Nigeria Customs Service (NCS) to extend its two-week ultimatum for…
Nigeria’s Internet Data Usage Hits Record High Despite Falling Subscriptions
Nigeria’s internet usage has reached a record peak even as millions of subscribers abandon telecom networks due to…
Nigerian Bank Customers Decry Failed USSD Transactions, Hidden Charges, and Demand…
Bank customers across Nigeria are raising concerns over rising cases of failed transactions and unexplained…
Nigeria’s Digitized Public Services Could Unlock $110bn Annual Economic Gain —…
Nigeria’s telecommunications stakeholders have projected that fully digitized public services could generate more…