Nigeria Records $3.73 Billion Balance of Payments Surplus in Q1 2025, Driven by Dangote Refinery
Nigeria achieved a $3.73 billion balance of payments (BOP) surplus in the first quarter of 2025, fueled by naira depreciation...
Nigeria’s Foreign Direct Investment Falls 19% to $250 Million in Q1 2025, Central Bank Reports
Nigeria’s foreign direct investment (FDI) decreased by 19.35% in the first quarter of 2025, dropping to $250 million from $310...
CBN Plans to Diversify Nigeria’s Foreign Reserves, Signals Major Forex Reforms
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced plans to diversify the nation’s foreign exchange reserves during his...
President Tinubu to Enact Four Tax Reform Bills on June 26, 2025, to Overhaul Nigeria’s Fiscal System
President Bola Tinubu is set to sign four transformative tax reform bills into law at the Presidential Villa in Abuja,...
Nigeria’s Forex Crisis: BDC Operators Warn 91% of Dollar Liquidity Remains Untracked
Bureau De Change (BDC) operators in Nigeria revealed that over 91% of foreign exchange (FX) liquidity operates outside the formal...
Nigeria’s Revenue Surges 40% to N6.9 Trillion in Q1 2025
Nigeria’s federal government recorded a remarkable 40% increase in revenue, reaching N6.9 trillion from January to April 2025, compared to...
Naira Faces Pressure as Oil Prices Drop and Middle East Tensions Ease
The Nigerian naira experienced volatility in the foreign exchange markets on Tuesday, trading at approximately N1,600 per U.S. dollar in...
Fitch Ratings Warns of Rising Risks for Nigerian Banks
Fitch Ratings has raised concerns over the growing risks faced by Nigerian banks, citing their heavy reliance on government debt...
Pension Assets in Nigeria Surge to N23.33 Trillion in Q1 2025, PenCom Reports
The National Pension Commission (PenCom) announced that Nigeria’s Contributory Pension Scheme assets grew to N23.33 trillion by March 31, 2025,...
Banks Clear 95% of N180 Billion USSD Debt, Three Lenders Yet to Settle – ALTON
Nigerian commercial banks have settled 95% of the N180 billion debt owed to telecom operators for Unstructured Supplementary Service Data...
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