Category: featured

Nigerian insurers pay ₦307bn claims in 2025

Nigeria’s insurers paid N307.2 billion in claims in the 2025 financial year, up from N216.9...

Cardoso dismisses reserve fluctuations, assures strong buffers

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations...

Naira depreciates to ₦1,390/$ in parallel market amid widening gap

The Naira on today depreciated to N1,390 per dollar in the parallel market from N1,388...

Oil prices drop as Iran declares Strait of Hormuz ‘completely open’

Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of...

Tinubu signs ₦68.32trn 2026 budget into law

President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure...

CBN bars under-18s from BVN registration starting May 1

The Central Bank of Nigeria has restricted Bank Verification Number enrolment to persons aged 18...

Reps to approve debt relief for Kano, Jos, Ikeja DisCos

The House of Representatives Public Accounts Committee has resolved to approve financial relief measures and...

Nigeria targets PPPs to close $2.3trn infrastructure funding gap

Nigeria is intensifying efforts to close its vast infrastructure deficit, estimated at $2.3 trillion between...

FG rules out borrowing from IMF’s $50bn Africa aid

The Federal Government on Thursday declared that it has no plan to approach the International...

MTN suspends Xtratime airtime, data credit service

MTN Nigeria has temporarily suspended its airtime and data credit advance service, widely known as...

Nigeria’s foreign reserves drop sharply by $1.3bn in one month

Nigeria’s foreign exchange buffers have come under renewed pressure as the nation’s gross external reserves...

Nigeria’s public debt rose to record ₦159.27trn in 2025 — DMO

Nigeria’s total public debt for federal and state governments rose by 10 per cent, year-on-year...