Finance
FG Needs ₦880bn Annually to Maintain Federal Roads — Works Ministry
The Federal Government must allocate approximately ₦880 billion annually to effectively maintain the federal road network across Nigeria, according to...
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Seven States Spend 190% of IGR on Debt Servicing in Q1 2025
Seven Nigerian states are facing severe fiscal pressure, having spent an average of 190 per cent of their Internally Generated...
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Moody’s Upgrades Nigeria’s Credit Rating but Warns of Risks from Oil Prices, Inflation
Moody’s Ratings has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing reforms by the...
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Asian Markets Slip as US-China Trade Tensions Escalate; Gold and Oil Rise
Asian shares retreated sharply on Monday, tracking a broader market pullback as trade tensions between the US and China escalated....
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Ecobank Raises Additional $125m via Eurobond Tap, Expands 2029 Notes to $525m
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has raised an additional $125 million through a Eurobond...
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Moody’s Downgrade of US Credit Rating Sends Markets into Decline
US equity-index futures dropped, and Treasuries yield curve steepened after Moody’s downgraded the US government’s credit rating from its top...
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Tension Rises as CBN’s BDC Recapitalisation Deadline Nears
The Central Bank of Nigeria (CBN) setting a June 3, 2025 deadline for the recapitalisation of Bureau De Change (BDC)...
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$5bn African Energy Bank Nears Launch, Backed by Afreximbank and APPO
Preparations for the official launch of the $5 billion African Energy Bank (AEB) have entered their final phase, according to...
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Nigeria Joins EBRD to Boost Private Sector Access to Global Capital
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD), in a move set to enhance private sector...
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CBN Cuts Net Loans by ₦4.1tn Amid Overdraft Reduction to FG in 2024
The Central Bank of Nigeria (CBN) has recorded a significant ₦4.145 trillion drop in net loans and receivables in 2024,...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.