Nigeria to Launch the Special Agro-Industrial Processing Zones Initiative

20 October 2022: The Nigerian equity market closed the trading session on a bullish note with the NGX all-share index...

Federal Government May Sell TBS, NIPPs, 25 Critical Assets to Fund the Budget Deficit

The Federal Government of Nigeria is creating a list of assets that will either be sold or concessioned to pay...

CBN to Debit Banks by Thursday as it Raises Cash Reserve Ratio to 32.5%

CBN sell Polaris Bank to SCIL at N50bn

The Central Bank of Nigeria (CBN) has announced the sale of Polaris Bank to a new core investor, Strategic Capital...

Naira Bounces Back to N625/$ at the Parallel Market

Naira hits a record low of N745/$ at the black market

Thursday, October 20, 2022: The rate at which the naira exchanges for the dollar at the parallel market slumped to...

NCC orders telco’s tariff increase reversal

The Federal Government has instructed telecommunication firms to roll back their most recent 10% increase in call and internet rates....

Nigeria in Talks With World Bank and IMF on Debt Restructuring

Nigeria to Securitize CBN Ways and Means Loan for 40 years

Nigeria’s Minister of Finance, Zainab Ahmed, has disclosed that the federal government intends to securitize the entirety of its loan...

Lagos state government to expose planning permit violators

The Lagos State Government said that, in an effort to raise public awareness and address concerns of non-compliance, it will...

FGN to Review the National Youth Service Program (NYSC) to Stimulate Diaspora Participation

The Federal Government of Nigeria is working on restructuring the National Youth Service Corps (NYSC) to improve diaspora participation in...

Naira Closes at N430 at the Investors and Exporters (I&E) Window as Scarcity of Dollar Persists

Naira Stabilizes at N441.25 at the I&E Window Amid 60% Rise in Forex Supply