Kuda Bank, a Nigerian neobank, raised an undisclosed equity round in 2024, securing additional capital after its operational costs spiked losses and led to a decline in cash reserves. In 2023, Kuda’s ...
The Central Bank of Nigeria monetary policy committee has voted to hold all rates across board with the headline monetary policy rate held at 27.5%. This was announced by the central bank governor, Ye...
In a statement on its X handle on Wednesday, TCN said the new peak surpassed the previous day’s peak of 5,4378MW. “The Transmission Company of Nigeria (TCN) is pleased to announce that the Nigerian Po...
The naira’s strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market on Wednesday, February 19, 2025. This represents an N11 or 0.72% gain w...
The summit will be held in Abuja from February 24th to 27th, 2025. The Women in Energy Forum, themed ‘Advancing Africa’s Energy Transformation and Inclusion’, aims to highlight the pivotal role of wom...
President Donald Trump will enlist the help of Republicans in Congress to reduce the debt burden on households and companies, notable oil and gas producers, whom he will allow to expense 100% of capit...
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. The latest figures, sourced from the Cen...
The directive, outlined in a circular dated February 17, 2025, and signed by Michael Akuka on behalf of the director of the Financial Policy and Regulation Department, seeks to enhance transparency an...
The National Assembly has secured an additional N50 billion for the Federal Ministry of Housing and Urban Development in the 2025 budget. This increase reverses an earlier reduction proposed by the Bu...
United States Ambassador in Nigeria, Richard M. Mills, Jr., has refuted allegations that the United States Agency for International Development (USAID) was used to fund the Boko Haram terrorist group,...