Lagos Court Freezes Afex Commodities’ Accounts Over N17.8 Billion Debt to GTBank
A Federal High Court in Lagos has ordered the freezing of Afex Commodities Exchange Limited’s bank accounts across 60 financial...
Nigeria Challenges New US, UAE Visa Restrictions as Diplomatic Tensions Rise
Nigeria’s Federal Government has voiced strong objections to tightened visa policies imposed by the United States and the United Arab...
Nigeria Targets $32.8 Billion to Electrify 300 Million Africans by 2030
Nigeria’s Federal Government has launched an ambitious plan to secure $32.8 billion in investments to provide electricity to 300 million...
U.S. Imposes Additional 10% Tariff on Nigeria for BRICS Partnership
In a move that has heightened global trade tensions, U.S. President Donald Trump announced on July 6, 2025, that Nigeria...
BDC Operators Explore Mergers and Acquisitions to Meet CBN’s N2 Billion Capital Requirement
Bureau De Change (BDC) operators in Nigeria, represented by the Association of Bureau De Change Operators of Nigeria (ABCON), are...
Nigeria’s Fiscal Deficit to Reach 4.7% of GDP in 2025, IMF Warns
Nigeria’s fiscal deficit is projected to climb to 4.7% of Gross Domestic Product (GDP) in 2025, according to the International...
IMF Endorses CBN’s Tight Monetary Policy to Tackle Nigeria’s Inflation
The International Monetary Fund (IMF) has expressed strong support for the Central Bank of Nigeria’s (CBN) stringent monetary policies aimed...
Naira Strengthens Slightly as U.S. Dollar Weakens Globally
The Nigerian naira posted modest gains in the official foreign exchange market, climbing to N1,527 per U.S. dollar, up N5...
Nigeria’s Money Supply Falls to N119 Trillion in May 2025 Amid Tightening Policies
Nigeria’s money supply contracted for the second time in 2025, dipping to N119.01 trillion in May from N119.30 trillion in...
Nigeria Faces Heavy Cost in Servicing First Domestic Dollar Bond
In a significant fiscal development, Nigeria allocated N611.71 billion in March 2025 to service its pioneering US dollar-denominated bond issued...
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Kenyan President William Ruto Urges African Nations to Move Away from US Dollar for Intra-African Trade.
Nigerian Airlines Issue Ultimatum: “We May Shut Down Operations Over N3,000/Litre Jet Fuel”
FG Introduces Green Tax on High-Engine Vehicles from July 1 to Promote Cleaner Transport
IMF Refuses to Endorse External or Domestic Borrowing for Nigeria.
Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun
