Economy
Fidelity Bank Expands Share Capital to N36.7 Billion
Fidelity Bank Plc has successfully increased its issued share capital from N26.7 billion to N36.7 billion, following shareholder approval at...
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Nigeria’s GDP Per Capita Declines to $835, IMF Reports
Nigeria’s Gross Domestic Product (GDP) per capita has declined to $835.49 in 2025, reflecting a 4.74% drop from the $877.07...
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Nigeria Seeks $580 Million World Bank Loans for Education and Nutrition Initiatives
The Federal Government of Nigeria is in discussions with the World Bank to secure two new loans totaling $580 million,...
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CBN Implements New Forex Rules: BDCs Limited to $25,000 Weekly Purchases
In a move aimed at regulating the retail foreign exchange market and enhancing transparency, the Central Bank of Nigeria (CBN)...
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CBN Implements New FX Guidelines for BDCs to Enhance Market Stability
The Central Bank of Nigeria (CBN) has introduced new regulations allowing Bureau de Change (BDC) operators to purchase up to...
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FG to Issue N758bn Bonds to Settle Pension Arrears
The Federal Government of Nigeria (FG) has announced plans to issue N758 billion in bonds to clear outstanding pension liabilities....
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CBN Extends FX Sale to BDCs Until May 30 to Boost Market Stability
The Central Bank of Nigeria (CBN) has extended the foreign exchange (FX) sale period for Bureau de Change (BDC) operators...
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Nigeria’s Business Confidence Rises as PMI Stands at 52.0 in January 2025
Nigeria’s private sector continues to show resilience and confidence despite a slight slowdown in growth, as the Stanbic IBTC Bank...
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Trump’s Tariffs Could Lead to Price Hikes on Key U.S. Imports to Nigeria
Nigeria's trade relationship with the United States faces potential disruptions as former U.S. President Donald Trump imposes steep tariffs on...
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Mobile Money Transactions in Nigeria Soar to N71.5 Trillion in 2024
The latest data from the Nigeria Inter-Bank Settlement Systems (NIBSS) reveals a significant surge in mobile money transactions in 2024,...
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