Federal Court Denies Access Bank’s Bid to Freeze MTN Accounts Over ₦180 Billion Dispute
A Federal High Court in Lagos has rejected a request by Access Bank Plc to freeze the bank accounts of...
CBN Stands Firm on BDC Recapitalisation Deadline, Rejects Extension Rumors
The Central Bank of Nigeria (CBN) has categorically dismissed reports suggesting an extension of the recapitalisation deadline for Bureau De...
Naira Sustains Week-Long Gains in Official and Parallel Markets After Sallah Holidays
The Nigerian naira continued its upward momentum across both official and parallel foreign exchange markets in the week following the...
Nigeria’s $5 Billion Oil-Backed Loan with Aramco Hits Delay Amid Falling Crude Prices
Negotiations between Nigeria and Saudi oil giant Aramco over a $5 billion oil-backed loan have stalled, as falling global crude...
Nigeria’s Vast Pension Funds Face Hurdles in Infrastructure Investment
Nigeria holds one of Africa's most substantial pools of institutional capital, with pension assets reaching N22.8 trillion (roughly US$14.2 billion)...
Energy Costs Blamed as Primary Driver of Inflation, Says CBN Survey
The Central Bank of Nigeria (CBN) has revealed that businesses across the country overwhelmingly attribute Nigeria’s persistent inflation crisis to...
CBN’s BDC Recapitalization Deadline Lapses, Endangering 3 Million Jobs
On June 3, 2025, the Central Bank of Nigeria’s (CBN) recapitalization deadline for Bureau De Change (BDC) operators expired, with...
EU Fines Delivery Hero and Glovo €329M for Online Food Delivery Cartel
On June 2, 2025, the European Commission imposed a €329 million fine on Delivery Hero and its subsidiary Glovo for...
Gold Surges to $3,353 as Trade Tensions and Geopolitical Risks Intensify
On June 2, 2025, gold prices soared by over 2%, reaching $3,353.69 per ounce from $3,287.93 at 9:57 a.m. Nigerian...
Eurobonds Market: A Quiet Week Turns Upbeat on Global Cues
The Eurobonds Market kicked off the week in a muted tone, with trading volumes subdued due to the Memorial Day...
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Kenyan President William Ruto Urges African Nations to Move Away from US Dollar for Intra-African Trade.
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IMF Refuses to Endorse External or Domestic Borrowing for Nigeria.
Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun
