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Nigerian Oil and Gas Firms’ Debt Soars by Over 40% Due to Naira Devaluation
The debts owed by oil and gas companies to Nigerian commercial banks have surged by over 40% due to the recent…
Delay in Seplat’s ANOH Gas Processing Plant Completion Poses Challenge to…
The completion date for Seplat's ANOH Gas Processing Plant, a critical component of Nigeria's gas development…
Naira Hits All-Time Low of N993.82 per Dollar, Prompting Government Actions
The Nigerian Naira experienced a significant depreciation, reaching an all-time low of N993.82 per dollar at the…
Bloomberg: Nigerian Government Aims to Bring Dollar Rate Down to N750 by December
The Nigerian government, through the Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo…
Expert Views on MSCI’s Reclassification and Its Impact on Nigeria’s…
MSCI's reclassification of Nigeria from Frontier to Standalone Markets has raised concerns among experts. The…
National Pension Commission Introduces Framework for Additional Benefits Schemes
The National Pension Commission (PenCom) has introduced a framework for the establishment of Additional Benefits…
Nigerians Spend $340.84 Million on Foreign University Applications in H1 2023
Nigerians seeking admission to foreign universities spent approximately $340.84 million on funding their…
MSCI Reclassifies Nigeria from Frontier to Standalone Markets: Implications and…
MSCI, a renowned provider of tools and services for the global investment community, has reclassified Nigeria's…
9PSB Partners with XCHANGEBOX to Expand Agent Banking Solutions
Nigeria's digital payment service bank, 9 Payment Service Bank (9PSB), has entered a strategic partnership with…
Nigerian Stock Market Experiences Marginal Dip Following Previous Day’s Gain
The Nigerian stock market saw a slight decline of 0.02 percent, equivalent to N6 billion, on Wednesday, failing…
Nigeria’s Money Supply Grows to N66.4 Trillion Amid Inflation and Naira…
The Central Bank of Nigeria (CBN) reports an increase in Nigeria's total money supply (M2) from N65.15 trillion in…
VP Urges Capital Market Involvement in Bridging Nigeria’s Infrastructure…
The Vice President of Nigeria, Kashim Shettima, has called for active participation of capital market stakeholders…
UBA CEO Oliver Alawuba Honored with Fellowship from CIBN
Oliver Alawuba, the Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), has been…
Nigeria’s Federal Government to Forgo N12.4 Trillion in Tax Waivers and…
The Federal Government of Nigeria is set to waive tax revenues amounting to N12.4 trillion over the course of four…
Naira Plummets to ₦1,290/$1, Sparks Concerns
The Nigerian Naira has experienced a sharp decline, reaching ₦1,290 to $1 in key markets, including Abuja. This…
Nigerian Government Adjusts Port Terminal Charges and Bulk Cargo Fees
The Nigerian government, through the Nigerian Shippers Council (NSC), has made significant changes to port…
Nigeria Anticipates $10 Billion Inflow to Alleviate Dollar Shortage
The Nigerian government is expecting an inflow of $10 billion in the coming weeks, which is anticipated to…
Surge in Crude Oil Theft Incidents Plague Niger Delta Region
The Nigerian National Petroleum Company Limited (NNPCL) has reported a concerning surge in crude oil theft…
Lagos Tax Appeal Tribunal Orders MTN Nigeria to Pay $72.5 Million in Tax Default
Introduction: The Lagos State division of the Tax Appeal Tribunal has ruled that MTN Nigeria Communications must…
Ogun State’s Red and Blue Rail Lines Projected to Begin Operations in 2024
Governor Dapo Abiodun of Ogun State has announced that the proposed red and blue rail lines, developed in…
Naira Hits Record Low of N1,310 per Dollar
The Nigerian Naira experienced a significant decline, reaching a record low of N1,310 per US dollar on the…
Banking Agents: A Pillar of Financial Inclusion in Nigeria
In 2018, accessing banking services in Nigeria was a challenge due to long queues and limited branches. However,…
Nigerian Pension Funds Increase Equity Holdings by 47.5% in Seven Months
Nigerian pension funds have shown a renewed interest in equities, with their holdings surging by 47.5% in just…
Rise in Financial Fraud: Challenges Faced by Nigerian Banks and Fintechs
The Nigerian financial sector is grappling with a surge in financial fraud cases, impacting both traditional banks…
Nigerian Government Plans $10 Billion Injection to Address Forex Crisis
The Nigerian government is devising a strategy to secure $10 billion aimed at alleviating the country's severe…
Manufacturing Exodus: Companies Exiting Nigeria’s Industrial Landscape
Over the past decade, Nigeria has witnessed a notable exodus of manufacturing companies, with numerous factors…
Nigerian Government Pursues Cost-Cutting Measures for Efficient Governance
The Nigerian government is implementing a series of cost-cutting measures aimed at improving governance…
Federal Executive Council Approves $3.45 Billion Concessional Loan for Key…
The Federal Executive Council of Nigeria has granted approval for a $3.45 billion loan to fund crucial projects…
Central Bank of Nigeria Reports Surge in Currency in Circulation Amid Cash…
The Central Bank of Nigeria (CBN) has disclosed a significant surge in Currency in Circulation (CIC) within the…
States’ Internally Generated Revenue (IGR) Marginally Increases to N1.93tn…
The total Internally Generated Revenue (IGR) of states in Nigeria saw a slight rise to N1.93 trillion in 2022.…