Business

BOI to channel 80% large enterprise loans towards

  • 16th August 2026

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

Nigeria’s exports to China jump 80% to $2.3bn

  • 15th August 2026

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BOI to channel 80% large enterprise loans towards priority

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NCAA to make RFID baggage tracking mandatory at airports

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

Blog

US, EU reach trade deal, eases transatlantic tariff tensions
Business

Naira trades at ₦1,845/€ on Easter Monday

The Nigerian naira held firm against the euro on Monday, despite the European currency’s sharp rally against the U.S. dollar in global markets. On the parallel market, the euro/naira exchange rate climbed to ₦1,845. Market activity showed that the naira broke below its ₦1,800/€ support level, pushing the EUR/NGN exchange rate higher. The black market […]

Electricity

FG to enhance power grid by 4,000MW – Adelabu

The Minister of Power, Adebayo Adelabu, has announced that the Federal Government’s renewed intervention will boost Nigeria’s grid capacity by 4,000 megawatts by the end of 2026. This was revealed in a statement by Bolaji Tunji, the minister’s Special Adviser on Strategic Communications and Media Relations. According to a statement, this development is part of […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
News

China vows retaliation against countries backing US isolation efforts

China warned on Monday that it would take retaliatory actions against countries that align with the United States in ways that harm Beijing’s interests, as the trade conflict between the world’s two largest economies risks involving other nations. China’s warning follows reports that the Trump administration plans to use tariff negotiations to pressure U.S. allies […]

Banking

CBN, NGX unveil reforms to boost global investment

Nigeria’s financial regulators and market operators recently gathered at Nasdaq MarketSite in New York to share the country’s economic outlook, focusing on reforms aimed at drawing global capital. In a statement on Sunday, the event, hosted by the Central Bank of Nigeria in partnership with the Nigerian Exchange Group, JPMorgan, and the African Private Capital […]

Naira closes week stronger at N1,534.72/$ 
Economy

Naira struggles in FX market despite CBN’s interventions

The mixed performance of the naira in the foreign exchange market reflects the ongoing challenges in stabilizing the currency despite the Central Bank of Nigeria’s interventions. The naira’s slight appreciation in the official market, from 1,603.78/$ to 1,599.94/$, shows some stability in the face of Central Bank interventions. However, the significant depreciation in the parallel […]

News

FG engages banks, investors for $23.2bn power access plan

The Federal Government of Nigeria is engaging with commercial banks and private investors to raise $23.2 billion needed for its universal electricity access plan. This ambitious initiative aims to end the country’s long-standing power supply challenges by expanding energy infrastructure and improving access to electricity across all regions. It was gathered that Nigeria will require […]

Business

Kano, Morocco sign $10bn energy, mineral development deal

The Kano State Government has announced a strategic partnership with leading Moroccan companies aimed at attracting over $10 billion in investments over the next five years. The investments will focus on the renewable energy and solid minerals sectors. As part of the initiative, the state is set to sign a series of investment Memoranda of […]

News

Cardoso reassures investors of macroeconomic stability, confidence

The Central Bank of Nigeria Governor, Olayemi Cardoso, has reassured international investors that ongoing reforms are steadily bringing about macroeconomic stability and boosting confidence in the economy. Cardoso made this disclosure at a forum in New York, organized by the apex bank in collaboration with J.P. Morgan, the Nigerian Exchange Group, and the Africa Private […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC warns social media figures over unregistered investment schemes

The Securities and Exchange Commission of Nigeria has issued a warning to social media influencers and bloggers, cautioning them against promoting unregistered investment schemes. The warning was delivered by SEC Director-General Emomotimi Agama in a notice released on Sunday. Agama stated that the commission is collaborating with the Economic and Financial Crimes Commission, the Nigeria […]

Business

DHL stops high-value US deliveries due to stricter customs rules

DHL Express is halting shipments to the United States worth more than $800 due to increased customs requirements linked to new tariffs introduced under Donald Trump’s trade policies. The delivery giant announced it will pause all shipments from international businesses to U.S. consumers starting Monday, with no confirmed resumption date. “To manage this, starting Monday, […]

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