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…
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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…
CBN launches mystery shopping for BDC compliance with anti-laundry rules
The Central Bank of Nigeria has launched mystery shopping exercises at Bureau De Change outlets to reinforce compliance with anti-money laundering and…
CBN’s secret shoppers to monitor BDCs for compliance
The Central Bank of Nigeria has announced plans to introduce a secret shopper programme to assess compliance by Bureau De Change operators…
First Holdco records highest profit in 12 years, posts N663.4bn in 2024
First Holdco, the parent company of Nigeria’s oldest financial institution, First Bank, has reported its strongest financial performance in more than 12…
NACC leadership vows to deepen US-Nigeria trade relations
The newly inaugurated leadership of the Nigerian-American Chamber of Commerce has pledged to strengthen economic ties between Nigeria and the United States,…
Nigerian stocks rebound as investors gain N239bn
The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation, reversing earlier…
FG launches BisonFly project to slash air travel costs across MDAs
In a strategic move to curb the rising cost of air travel within Ministries, Departments, and Agencies, the Federal Government has unveiled…
Ex-Y Combinator President Ralston launches new venture fund on safe AI
A prominent figure in the startup world and former president of Y Combinator, Geoff Ralston, is returning to formal investing with the…
SEC flags CBEX as unregistered digital exchange
The Securities and Exchange Commission of Nigeria has issued a strong warning against Crypto Bridge Exchange, stating that the platform is not…
Trump exempts Nigeria from global embassy closure – Report
The United States government, under President Donald Trump, is reportedly set to shut down several embassies and consulates across Africa and other…
IMF warns global economy faces slowdown amid rising trade tensions
The head of the International Monetary Fund, Kristalina Georgieva, has cautioned that the global economy is poised to slow down due to…