Nigeria’s Capital Importation Jumps 83.8% to $10.37bn in Q1 2026 as Portfolio Investments Surge
Nigeria recorded a significant increase in capital importation in the first quarter of 2026, attracting $10.37bn in foreign capital inflows,...
Abbey Mortgage Bank Secures CBN Approval to Become Commercial Bank
Abbey Mortgage Bank Plc has secured regulatory approval from the Central Bank of Nigeria (CBN) to convert into a commercial...
China Industrial Bank Backs Nigeria’s Telecom Expansion With Support for 1,000 New Towers
Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has announced fresh support from China Industrial Bank (CIB)...
NGX Loses N2.29tn in Two Days as Banking Stocks Drive Market Sell-Off
The Nigerian equities market has recorded a combined loss of N2.29 trillion in market capitalisation within the first two trading...
Naira Holds Steady at ₦1,373/$ as Forex Market Maintains Stability
The naira remained stable against the United States dollar on Wednesday, according to the latest available data from the Central...
Anambra Signs Four Electricity Laws to Boost Power Supply, End Distribution Monopoly
The Anambra State Electricity Regulatory Commission (ASERC) has announced that four new regulatory instruments have been signed into law to...
MAN: Tinubu’s Reforms Push Manufacturers’ Alternative Energy Costs to N1.34tn
The Manufacturers Association of Nigeria (MAN) has said that economic reforms introduced by President Bola Tinubu’s administration have significantly increased...
Moniepoint CEO: Credit Will Drive Next Phase of Nigeria’s Payments Growth
The founder and Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has said the next stage of growth in Nigeria’s payments...
TCN Extends Outage on Jos-Bauchi-Gombe Transmission Line Until June 30
The Transmission Company of Nigeria (TCN) has extended the scheduled outage on the Jos-Bauchi-Gombe 330kV Single Circuit transmission line until...
CBN Reassigns Four Deputy Governors in Leadership Reshuffle
The Central Bank of Nigeria (CBN) has reassigned all four deputy governors in a major leadership reshuffle aimed at strengthening...
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