Finance
Nigeria’s FAAC Allocates ₦1.578 Trillion for March 2025
The Federation Account Allocation Committee (FAAC) has announced a total allocation of ₦1.578 trillion for the month of March 2025. This revenue will be shared among the Federal…
Finance
Business
Nigeria’s Inflation Rises to 24.23% in March After CPI Rebasing
Nigeria’s headline inflation rate rose to 24.23% in March 2025, up from 23.18% recorded in February, marking a notable increase following the recent rebasing of the Consumer Price…
Business
Naira Holds at N1600 as Dollar Weakens Globally
The Nigerian naira continued to trade around N1600 to the dollar in official markets, while parallel market rates hovered between N1620 and N1630. Despite minor gains, the currency…
Finance
FG to Tackle N14 Trillion Budget Deficit with Market-Driven Financing
The Federal Government has reaffirmed its commitment to innovative financing mechanisms to address the projected N14 trillion budget deficit for the 2025 fiscal year. Minister of Budget and…
Business
Nigeria Becomes 77th Shareholder of European Bank for Reconstruction and Development
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD) as its 77th shareholder, marking a significant step in its economic development strategy. The country applied…
Finance
FBN Holdings Transitions to First HoldCo Plc in Major Rebranding Move
FBN Holdings Plc has officially rebranded as First HoldCo Plc (FirstHoldCo), a transformation aimed at unifying its subsidiaries and strengthening its legacy. The transition, approved at the company’s…
Finance
Nigeria’s Tax System Stifles Growth, Says Fiscal Policy Chairman
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has criticized Nigeria’s tax system, describing it as unconducive for economic growth. Speaking at…
Finance
Nigerian Stock Market Surpasses 100,000 Benchmark, Extends Gains to Sixth Session
The Nigerian stock market continued its upward trajectory, recording a sixth consecutive session of gains as the All-Share Index (ASI) crossed the 100,000 mark on Monday. This milestone,…
Finance
Nigerians Transact N2.19 Trillion via USSD in Six Months, CBN Report Reveals
A report by the Central Bank of Nigeria (CBN) shows that Nigerians used Unstructured Supplementary Service Data (USSD) codes to perform 252.06 million transactions worth N2.19 trillion between…
Finance
FinTech Reduces Financial Exclusion in Nigeria – Gov. Uba Sani
Kaduna State Governor, Sen. Uba Sani, has credited the introduction of financial technology (FinTech) solutions with reducing the number of unbanked citizens in Nigeria. Speaking at the launch…