BUSINESS
Nigeria Expands Economic Relations With Germany To Create Jobs, Investments
The Nigerian Federal Government is fortifying its relationship with Germany in an effort to encourage foreign direct investment and boost economic expansion. The Minister of...
Naira Depreciates 1.4% Amid CBN’s FX Sales Deadline Extension
At the official market on Monday, the value of the naira dropped, trading at N1,495.60 to the US dollar. Data from the FMDQ Security Exchange...
FG Urged To Embrace Asset-Based Financing For Economic Growth
The Federal Government (FG) of Nigeria has been advised to switch from its current output-based financing model to an asset-based one in light of...
Dangote Refinery Reduces Petrol Price To N890 Per Litre, Offers Relief To Nigerians
In a move expected to ease the financial burden on Nigerians, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium...
Nigeria’s Electronic Transactions Surge To N1.08qd In 2024, Up 79%
Nigeria's electronic transaction value hit a record high of N1.08 quadrillion in 2024, up 79 percent from the previous year. This is according to the...
CBN Announces Fee Waiver For Bureau De Change License Renewal In 2025
The 2025 license renewal fee for all bureau de change (BDC) operators has been waived by the Central Bank of Nigeria (CBN). Jonah Onojah, the...
Africa’s Economic Policies Rely On Borrowed Concepts — Moghalu
Kingsley Moghalu, the president of the African School of Governance and a former deputy governor of the Central Bank of Nigeria, has criticized Africa's...
World Bank Sanctions Two Nigerian Firms, CEO Over Corruption
The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, as well as their...
CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures
Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated...
Fubara Signs ₦1.1trn Rivers 2025 Budget Into Law, Says Only One House Of Assembly Exists
Rivers State Governor, Siminalayi Fubara, has signed the ₦1.1 trillion 2025 Budget into law. Fubara, in a speech after signing the bill into law on...
