“Nigeria Incurred N24.33trillion Debt In Just Three Months” – DMO
The Debt Management Office (DMO) has said that Nigeria’s total public debt has surged to N121.67trillion, marking an increase of…
FG Seeks $500m World Bank Loan for Rural Roads, Agriculture
The Federal Government said it is seeking a $500m loan from the World Bank for rural road infrastructure and agricultural…
World Bank Approves $2.25Billion Loan to Support Nigeria’s ‘Economic Reform, Stabilise Economy’
The World Bank has confirmed the approval of the sum of $2.25 billion to support the Nigerian government’s economic reform.…
FG Slams N400m Fine on Four Banks, Others for Data Breach
The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are currently…
Nigeria records N6.5trn surplus as foreign trade surges to N31.8trn in Q1 2024
The volume of Nigeria’s trade with other countries increased to N31.8 trillion in the first three months of 2024, a…
CBN reaffirms financial stability of banks
The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity,…
Smuggled Nigerian Petrol Floods W’African Markets, Sells N1,700/litre
The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following…
Currency in circulation hits N3.97tn in May
The currency’s value in circulation has risen to N3.97tn at the end of May, representing an all-time high and a…
Angola’s Sovereign Wealth Fund Will Surpass Expectations, Says Manuel
Armando Manuel, Chairman of the Angola Sovereign Wealth Fund (FSDEA), has assured that the Fund is on track to deliver…
Afreximbank disburses $925 million oil-backed loan to NNPCL
The African Export Import Bank (Afreximbank) has made an additional disbursement of $925 million to the Nigerian National Petroleum Company…