Business
CBN Gov. Cardoso Reaffirms Commitment to Digitalization, Financial Inclusion
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reiterated the apex bank’s commitment to leveraging digitalization and technology-driven...
FBN Holdings Transitions to First HoldCo Plc, Unveils New Identity
FBN Holdings Plc has officially announced its transition to First HoldCo Plc, a change that is expected to be implemented across all its...
Nigeria Partners Google to Harness AI for Digital Economic Growth
Nigeria is exploring a strategic partnership with Google to advance artificial intelligence (AI) and digital innovation in the country. President Bola Tinubu disclosed...
Nigeria Sees Significant Growth in Non-Oil Exports, Reaching $5.45 Billion in 2024
Nigeria’s non-oil exports have seen a significant boost, reaching $5.45 billion in 2024, a 20.7% increase from the previous year. According to Dr....
Naira Firms Up at N1,520/$ on Parallel Market Amidst Strengthening Fundamentals
The Nigerian naira has reached its strongest level in the unofficial market this year, trading at N1,520 to the US dollar in the...
Nigeria’s business sector sees uptick in January, indicating economic recovery
Nigerian businesses kicked off in the new year on a positive note, reporting enhanced performance in January 2025. According to the latest report...
CBN Reschedules Monetary Policy Committee Meeting for February 18-19
The Central Bank of Nigeria (CBN) has announced a new date for the 299th Monetary Policy Committee (MPC) meeting, which was initially scheduled...
Nigeria’s Average Income Plummets to $835.49, Exacerbating Cost-of-Living Crisis – IMF
Nigeria’s economic problems have deepened, with the average income per person dropping to $835.49 in 2025, representing a 4.73% decline from $877 in...
Nigeria’s Treasury Bills Auction Sees Strong Demand for 364-Day Tenor
The Central Bank of Nigeria (CBN) has released the results of its Treasury Bills (T-Bills) auction conducted on February 5, 2025. The auction...
Tony Elumelu at Florida conference: Africa will not rise by chance but by deliberate action, challenging the status quo, creating the future it deserves
“In 2015, we committed that USD100million to identify, train and fund the businesses of African entrepreneurs over 10 years. Today, we have granted...
Naira Strengthens to 8-Month High, Gains N20.67 Against Dollar
The Nigerian naira continued its stability on Monday, fueled by reduced demand for the dollar and effective policies implemented by the Central Bank...
CBN Extends Deadline for BDCs to Access Forex Market Until May 30
The Central Bank of Nigeria (CBN) has granted eligible Bureau de Change (BDC) operators more time to access the Nigerian Autonomous Foreign Exchange...
Nigeria’s Electronic Payment Transactions Hit Unprecedented N1.07 Quadrillion in 2024
Nigeria’s electronic payment transactions have reached an all-time high, hitting N1.07 quadrillion in 2024, according to data released by the Nigeria Inter-Bank Settlement...
Just in: Nigerian Telecom Users to Pay More as NCC Approves 50% Tariff Hike
The Nigerian Communications Commission (NCC) has granted telecom operators’ request to adjust tariff rates, allowing for a maximum 50 percent increase. The development,...
Nigeria’s inflation rate rises to 34.80% in December 2024 up from 33.60%
Nigeria’s inflation rate rose to 34.80 percent in December 2024, up from 33.60% in November, according to the National Bureau of Statistics (NBS)....
Transactions with GHL: FirstBank dispels misleading reports, reaffirms commitment to excellent, standard banking services
First Bank of Nigeria Limited (FirstBank) has distanced itself from a recent media reports regarding a commercial transaction between it and General Hydrocarbons...
