Banks Shift Focus To Services Sector As Industry Credit Declines — CBN Report
Banks in Nigeria are increasingly channeling their lending activities toward the services sector, leaving the industrial sector with a shrinking share of total credit,...
FG, IFC Sign Deal To Fast-Track Bankable Infrastructure Projects And Attract Private Investment
The Federal Government has entered into a strategic cooperation agreement with the International Finance Corporation (IFC) to accelerate the development of bankable infrastructure projects...
Nigeria’s Economy Expands For 14th Straight Month As PMI Rises To 55.7 — CBN
Nigeria’s economic growth momentum continued into the new year, as the nation’s Purchasing Managers Index (PMI) rose to 55.7 points in January 2026, marking...
Naira Extends Rally, Strengthens To ₦1,371/$ As Market Liquidity Improves
The Nigerian Naira continued its upward momentum against the U.S. Dollar on Thursday, February 5, 2026, extending its winning streak in both the official...
Nigeria’s Forex Inflows Drop 18% To $48.1bn As Diaspora Remittances Fall 15.7% — CBN
Nigeria’s total foreign exchange inflow declined by 18.3 per cent year-on-year (YoY) to $48.1 billion in the first nine months of 2025, compared to...
FG To Deduct N3.6tn From Federation Account Over Electricity Subsidy
The Federal Government has proposed a N3.6tn deduction from the Federation Account to fund electricity subsidies in 2026, 2027, and 2028, a move designed...
Naira Holds Steady Against Dollar As Market Maintains Calm Start To February
The Nigerian Naira continued its steady performance against the U.S. Dollar on Tuesday, February 3, 2026, maintaining a narrow trading range as investors and...
Nigeria Lost $77.7 Billion To Trade-Related Illicit Financial Flows In 10 Years — GFI Report
A new report by Global Financial Integrity (GFI), a United States-based think tank, has revealed that Nigeria lost an estimated $77.7 billion to trade-related...
CBN: Nigeria’s Fintechs Raised $520m In 2024, Remain Africa’s Innovation Leader — Calls For More Local Funding To Sustain Growth
Nigeria’s fintech sector maintained its position as Africa’s leading innovation hub in 2024, attracting over $520 million in equity funding despite rising global interest...
Tax Reform Push: NTPIC Engages Top Experts, Professional Bodies To Drive Effective Implementation Of Nigeria’s New Tax Laws
The National Tax Policy Implementation Committee (NTPIC) has intensified its nationwide stakeholder engagement campaign, holding a high-level consultative session with leading tax advisory firms,...
