News at the speed of light
Nigeria’s broad money supply (M2) experienced a significant year-on-year (YoY) increase of 62%, rising to N107.2 trillion in August 2024 from N66.19 trillion during the same period in…
UNGA: Elumelu To Call For Urgent Action On Africa- Focused Issues African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy…
The Federal Government of Nigeria aims to raise N150 billion through the bond market in September 2024, as part of efforts to address the country’s budget deficit. The…
Cryptocurrency trading platform Binance has outlined two conditions before considering registration under Nigeria’s Securities and Exchange Commission’s (SEC) special framework for Virtual Assets Service Providers (VASPs). In response…
The Nigerian government has announced plans to invest $100 billion annually in a bid to tackle the country’s economic challenges. This was disclosed by the Minister of Budget…
Adesuwa Ezenwa, a former employee of First Bank of Nigeria Limited, has accused billionaire industrialist Oba Otudeko of massive fraud during his tenure as chairman of FBN Holdings…
The federal government has introduced a $500 million FX-denominated domestic bond, marking a significant milestone in Nigeria’s economic reform and development efforts. Minister of Finance and Coordinating Minister…
The Central Bank of Nigeria (CBN) has confirmed that Barbican Capital Limited could only substantiate ownership of 3,110,400,619 shares, representing 8.67% of FBN Holdings, in the ongoing verification…
GCR Ratings (GCR) has affirmed the national scale long-term issuer rating of AA+(NG) and the short-term issuer rating of A1+(NG) for Dangote Industries Limited (DIL). The ratings outlook…
The National Bureau of Statistics (NBS) has reported a significant rise in the reporting of bribery cases in Nigeria, increasing from 3.6% in 2019 to 8.6% in 2023.…
