We Removed Petrol Subsidy To Satisfy Future Needs Of Our Country- TinubuGlobal food prices drop 2.1 pct in 2024: FAONigeria Can Generate $100b From Agric Yearly – Festus OsifoBalancing Priorities and Fiscal Discipline: Nigeria’s 2025 BudgetEmpowering the Next Generation: Rear Admiral Hamza Ibrahim’s ICT and Character Development Program
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Category: Economy and Capital Markets
Naira may settle at 1450/$ by Dec, says Fitch Ratings
International credit rating agency, Fitch Ratings has projected that the Nigerian currency, the naira, will end the year at 1,450 to the United States of American dollar. This…
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FCCPC: Approved loan apps companies in Nigeria rise to 284 in May 2024
Total number of loan app companies approved by the Federal Competition and Consumer Protection Commission, FCCPC, and the Central Bank of Nigeria has surged to 284 as of May 2024. …
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Our Goal for Next Year Is to Run Our Cement Trucks on CNG – Dangote
Chairman of Dangote Cement Plc, Aliko Dangote has said arrangements are in top gear for thousands of the company’s delivery trucks to run on Compressed Natural Gas (CNG) in line…
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UPDATE : Central Bank announced new requirements for Bureau de Change operators.
The Central Bank of Nigeria (CBN) has announced new requirements for Bureau de Change (BDC) operators. These changes, it said, aim to improve the way BDCs operate in Nigeria’s foreign…
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UPDATE : CBN Raises Interest Rate To 26.25%
To combat growing inflation, the Central Bank of Nigeria's Monetary Policy Committee hiked interest rates by 150 basis points, to 26.25 per cent from 24.75 per cent in March. …
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Operators want FG’s assistance to expand the mortgage industry.
Operators in the housing sector have called for collaboration by the Federal Government with financial institutions to revitalise the mortgage sector in the country. They made the call at the…
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CAC to deploy AI for faster registration of businesses in Nigeria
The Corporate Affairs Commission, CAC, has disclosed that it is exploring ways to make use of Artificial Intelligence, AI, to achieve registration of companies within minutes in line with global…
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Nigeria Goverment to remove Naira from P2P trading platforms
The President Bola Tinubu-led federal government has declared that it will take the naira off of all peer-to-peer (P2P) exchanges. During a virtual conference with blockchain stakeholders on Monday, Emomotimi…
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Banks’ loans to private sector, govt decline by N24tr in March – CBN
The Central Bank of Nigeria, CBN, has said that banks loans to the private sector and the government declined by N24t trillion in March this year. In a money…
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OPay Bans Cryptocurrency, Other Virtual Currency Trading
Nigerian fintech companies have warned their customers against trading in crypto currency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At…
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