President Tinubu’s Nation Address: Economic Reforms and Commitment to…
President Bola Ahmed Tinubu addressed the nation, assuring Nigerian workers of an upcoming salary review to…
Central Bank of Nigeria Exempts Microfinance and Primary Mortgage Banks from Cash…
The Central Bank of Nigeria (CBN) has issued a circular exempting Primary Mortgage Banks and Microfinance Banks…
Nigeria’s External Reserves Drop by $167.2m in July as Naira Weakens
In July, Nigeria's external reserves experienced a decline of $167.2 million, as the value of the naira…
Nigeria Collects $85.1m from Gas Flare Penalties, Emphasizes Flare Elimination…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the total gas flare penalties…
Nigerian Cement Producers Face Challenges Amid Marginally Higher Profits
Three major cement-producing companies in Nigeria, including Dangote Cement, Lafarge Africa, and BUA Cement,…
Nigeria Loses $15 Billion Annually to Port Congestion and Maritime Challenges
Nigeria is reportedly facing significant losses of approximately $15 billion annually due to congestion and…
Insecurity Threatens Crude Oil Exports, Warn Petroleum Engineers
Petroleum engineers in Nigeria have voiced concerns over the decline in crude oil exports, attributing it to the…
Decline in Foreign Investments Impacts Nigeria’s Manufacturing Sector
Amidst an unfavorable business climate in Nigeria, foreign investments in the manufacturing sector saw a sharp…
M4A (Pty) Ltd, a Leading OEM, Secures Private Equity Partnership for Expansion
M4A (Pty) Ltd, an Original Equipment Manufacturer (OEM) specializing in various products, including passive…
Kasha Raises $21 Million in Series B Funding to Revolutionize Women’s Health…
As Africa's youth population grows, entrepreneurs are urged to develop healthcare solutions catering to the…
Save Nigeria Movement Demands N2 Trillion Compensation for Consequences of Naira…
The Save Nigeria Movement (SNM) has called on the Central Bank of Nigeria (CBN) to compensate Nigerians with the…
ECOWAS Responds to Coup in Niger with Sanctions and Demands for Restoration of…
The Economic Community of West African States (ECOWAS) has demanded the full restoration of constitutional order…
Nigerian Stock Market Records Modest Gain as Bullish Trend Slows
The Nigerian Exchange Limited witnessed a slowdown in bullish trading last week, resulting in a modest gain of N8…
Meridiam Completes Acquisition of Rift Valley Energy, Strengthening Clean Energy…
Infrastructure investor, Meridiam, has successfully concluded the acquisition of Rift Valley Energy Tanzania…
Infra Impact’s Mid-Market Infrastructure Fund Exceeds Fundraising Target in…
Infra Impact Investment Managers Successfully Closes Mid-Market Infrastructure Fund Infra Impact's Mid-Market…
Central Bank of Nigeria Achieves 64.1% Financial Inclusion, Targets 95% by 2024
The Central Bank of Nigeria (CBN) has reported achieving a financial inclusion rate of 64.1%. The CBN aims to…
Sukuk Bonds: N8.17bn Rental Payments Made in Q1 2023, Similar to Previous Year
The amount paid on rentals for Sukuk bonds in Q1 2023 was N8.17bn, which remained unchanged from the same period…
Currency in Circulation Surges to N2.6tn in June 2023, CBN Reports
Currency outside banks reached N2.26tn at the end of June 2023, a significant increase of 185.68% from N792.18bn…
Petrol Prices Set to Surge Further as International Crude Oil Market Gains
International market data reveals that the price of Brent crude oil has increased by 20%, signaling a potential…
Uniterm Nigeria Limited Seeks Winding Up of Oriental Energy Resources over $1.45…
Uniterm Nigeria Limited files a winding-up petition at the Federal High Court in Lagos against Oriental Energy…
Inadequate Bunkering Activities Cost Nigeria N200bn Monthly, Stakeholders Say
Stakeholders reveal that Nigeria is losing approximately N200bn monthly due to inadequate bunkering activities in…
NECA Warns of 25% Inflation Rate by End of 2023 Amid Rising Concerns
The Nigeria Employers Consultative Association (NECA) issues a warning that inflation could reach 25% by the end…
Ransomware Attacks Increase by 7% in Nigeria in H1 2023, Kaspersky Reports
Kaspersky reports a 7% year-on-year increase in ransomware attacks in Nigeria during the first half of 2023.
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Crude Oil Reaches $84/Barrel, Fueling Speculations of Petrol Price Hike in Nigeria
Brent crude oil, the international benchmark, surged to $84/barrel on Wednesday, raising concerns about a possible…
High Demand for Risk-Free Investments Despite Negative Real Returns in Nigeria
Investors bid N384 billion worth of one-year treasury bills at a rate of 12.15%, but only N255 billion was…
Nigeria’s Debt Management Office Foresees Revenue Improvements Amidst Policy…
Nigeria's Debt Management Office (DMO) expects improvements in government revenues through the work of the…
Central Bank of Nigeria Reiterates Plan to Phase Out Old Currency Notes Gradually
The Central Bank of Nigeria (CBN) has restated its commitment to gradually replace the old N200, N500, and N1,000…
IMF Projects Decline in Nigeria’s Economic Growth due to Oil Sector Security…
The International Monetary Fund (IMF) has forecasted a decline in Nigeria's economic growth in 2023 and 2024,…
SAHCO Plc Reports Impressive Q2 2023 Performance with 215.60% Pre-tax Profit Surge
Skyway Aviation Handling Company (SAHCO) Plc's Q2 2023 unaudited results show a remarkable 215.60% increase in…
Global Survey Reveals Limited Support and Understanding for Central Bank Digital…
A survey by the CFA Institute, a global association for finance professionals, indicates that only 42% of…