The naira held steady at around ₦1,400 per dollar in the parallel market on Friday, despite heavy demand for dollars from importers, manufacturers and individuals making international payments. Bureau De Change operators in Lagos and […]
The $300 million Nigeria Distributed Renewable Energy Fund has launched commercially, moving into capital deployment to scale mini-grids and solar systems. The fund is aimed at expanding reliable and affordable electricity access nationwide, particularly in […]
Ecobank is enabling the sale of Dangote Petroleum Refinery shares across Africa, providing retail and institutional investors with convenient access to participate in the ongoing share offer. The bank said investors can subscribe to the […]
ABUJA — Despite signs of economic recovery, high inflation, naira weakness, underemployment and declining access to essential services are pushing more Nigerian households into deeper deprivation. According to a new report, the worsening cost-of-living crisis […]
Leading economists, financial experts and industry stakeholders have described investments by Dangote Group as major drivers of industrialisation and economic transformation across Nigeria and Africa. They cited the conglomerate’s impact on job creation, import substitution, […]
ABUJA — Nigerian banks accounted for 92% of suspicious transaction reports filed with the Nigerian Financial Intelligence Unit, NFIU, in 2025, according to the agency’s latest report. The NFIU said tax crimes and fraud topped […]
Business activities were disrupted in Okowonjo, Alimosho, Lagos on Friday after a family, accompanied by armed police officers, moved to enforce a 2003 court judgment over a parcel of land measuring 56.570 hectares. Residents and […]
Nigeria’s fuel economy is one of the most sensitive parts of the country’s financial and social system. It affects transport costs, food prices, inflation, businesses, and the daily lives of over 220 million people. With […]
Lagos State Governor, Babajide Sanwo-Olu, says Lagos cannot measure up to leading global cities unless residents learn to respect public infrastructure and obey the law. The governor spoke on Saturday while announcing the commencement of […]
The Central Bank of Nigeria has set a maximum of two business days for suspending certain contractual obligations when resolving failing banks, to reduce uncertainty for lenders and their counterparties. In a circular dated Wednesday, […]
OPay, Nigeria’s leading financial technology platform, has officially announced a deadline extension for its National Innovation Challenge, moving the application cutoff from June 14 to July 3, 2026. As a flagship initiative of the newly […]
TotalEnergies has sold a 40% stake in two Nigerian offshore exploration licenses to Chevron, a move aimed at strengthening their global collaboration in offshore exploration. The licenses, PPL 2000 and PPL 2001, are located in […]
The Federal Government has announced that the headquarters of the $5 billion Africa Energy Bank (AEB), located in Abuja, is now fully completed and ready for operations. Senator Heineken Lokpobiri, the Minister of State for […]
The Central Bank of Nigeria (CBN) has directed banks, payment service banks (PSBs), and other financial institutions to immediately withdraw advertisements and promotional materials that fail to comply with consumer protection and fair marketing standards. […]
Africa is losing more than $50 billion annually to illicit financial flows, according to Dr. Musa Aliyu, Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC). This staggering amount undermines development and […]
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