This comes almost a week after President Donald Trump announced sweeping tariffs on goods entering the US, with Nigeria getting 14 percent. In a post on X on Monday, the USTR highlighted what it descr...
The Presidential Compressed Natural Gas Initiative (PCNGi) said it has secured over $491 million in private sector investment to boost the country’s Compressed Natural Gas (CNG) initiative t...
Six major Nigerian banks spent ₦268.7 billion ($171.5 million) on IT infrastructure and tech-related services in 2024, owing largely to core banking system upgrades, underscoring how growing competiti...
Nigeria spent a total of N13.12tn on debt servicing in 2024, representing a 68 per cent increase from the N7.8tn recorded in the previous year, according to an analysis of fresh data from the Debt Man...
FCMB Group Plc, in its audited financial results for the full year ended December 31, 2024, recorded a profit before tax (PBT) of N111.9 billion, a 7.1 per cent year-on-year increase. The Group record...
The Central Bank of Nigeria has provided updates to the financial market, investors and the public on the recent movements in the foreign exchange market between April 3rd and 4th, 2025. In a statemen...
The World Bank has approved three operations in Nigeria, totaling $1.08 billion in concessional financing, to enhance education quality, build household and community resilience, as well as improve nu...
The circular, purportedly from the CBN, has been widely shared on WhatsApp. According to the fake circular, the new notes are to be circulated from May 1. In a post on X on Tuesday, the CBN ...
The Nigeria Economic Summit Group has warned that the Federal Government could face revenue shortfalls if it does not increase the value-added tax rate as part of the ongoing tax reform process. The C...
The concern follows a statement attributed to Uche Nnaji, minister of science and technology, suggesting that the federal government plans to halt the importation of solar panels to promote local manu...
