Moody’s Elevates Nigeria’s Sovereign Rating to B3, Applauding Economic Reforms
On May 31, 2025, Moody’s Ratings raised Nigeria’s credit rating from Caa1 to B3, recognizing substantial advancements in the nation’s...
Ex-Bank Director Testifies Against Former AMCON MD in N76 Billion, $31.5 Million Arik Air Fraud Case
On May 30, 2025, a former Group Executive Director of Union Bank Plc, Austine Obigwe, testified against Ahmed Kuru, ex-Managing...
FG Signs Agreements with 10 Companies to Boost Nigeria’s Gas Infrastructure
On May 29, 2025, the Federal Government of Nigeria signed joint venture agreements with ten companies under the Midstream and...
Forex Market Liberalization Bolsters Investor Confidence in Nigeria’s Economy
On May 29, 2025, Nigeria’s foreign exchange (FX) market liberalization, initiated in June 2023, has significantly enhanced investor confidence by...
NELFUND Disburses N56.85 Billion in Student Loans to 298,124 Beneficiaries in First Year
On May 28, 2025, the Nigerian Education Loan Fund (NELFUND) announced the disbursement of N56.85 billion in interest-free loans to...
Airtel Drives Nigerian Stock Market to Record High, Surpassing N70 Trillion Mark
On May 28, 2025, the Nigerian All-Share Index (NGX ASI) soared to a record high of 111,606.22, gaining 1,721.29 points...
Tinubu Seeks $21.5 Billion Loan, Clarifies Borrowing Strategy for 2025-2026
On May 28, 2025, the Federal Government of Nigeria addressed concerns over President Bola Tinubu’s proposed $21.5 billion external borrowing...
Global WhatsApp Outage, Nigerians are feeling the Heat
Today, May 27, 2025, WhatsApp, the messaging colossus that underpins daily communication for billions, ground to a halt. For several...
Nigerians Lose ₦8 Billion in Schengen Visa Denials in 2024, Facing Financial and Emotional Toll
In 2024, Nigerians lost nearly ₦8 billion (approximately €4.5 million or $5.1 million) in non-refundable Schengen visa fees, as 50,376...
FG Revamps Trade and Investment Strategies to Boost Economic Competitiveness
The Federal Government of Nigeria has initiated a comprehensive review of its trade, investment, and infrastructure strategies to enhance the...
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Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6
Banks Brace for ₦2.86 Trillion Liquidity Boost as OMO Bills and FAAC Payouts Approach
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JP Morgan Predicts Naira at N850/$ by Year-End
