Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
Radarr Africa
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BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
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BankingEconomyFinance & ServicesForex TradingGovernment PolicyMarketsRegulation
CBN Approves Only 82 Licensed BDCs After New Forex Rules, Warns Nigerians Against Unauthorised Operators
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change (BDCs) have been granted final approval to operate in the country after meeting its new and stricter …
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AviationBankingFinanceFinancial InclusionRegional EconomyTravel & Tourism
TAJBank Signs MoU with NAHCON to Boost Hajj Savings Scheme for Nigerian Pilgrims
TAJBank Limited has signed a Memorandum of Understanding (MoU) with the National Hajj Commission of Nigeria to support and expand the Hajj Savings Scheme (HSS) for aspiring pilgrims across the …
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Government PolicyLaw and JusticeNational AssemblyPoliticsPublic SafetySecurity
Senate Moves to Classify Kidnapping as Terrorism, Pushes Death Penalty to Tackle Insecurity
In response to growing security challenges across the country, the Nigerian Senate has stepped up moves to restore internal peace, order and stability by proposing tougher laws against kidnapping, hostage-taking …
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BusinessGOVERNMENTInfrastructureManufacturingPower & Energy,Renewable Energy
NDPHC Restores 450MW to National Grid After Geregu Plant Maintenance
The Niger Delta Power Holding Company has successfully restored an additional 450 megawatts (MW) of electricity to the national grid following the completion of scheduled maintenance at the Geregu National …
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BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
FG Cuts Oil Block Signature Bonus to $3m–$7m
The Federal Government of Nigeria has reduced the signature bonus required for participation in the 2025 oil block licensing round, in a major move aimed at attracting more investors into …
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BusinessFinance & ServicesFintechInsuranceTechnology
FSL Insurance Brokers Launches FSL Insure App to Boost Digital Insurance Access in Nigeria
FSL Insurance Brokers Limited has officially launched a new mobile and web application called FSL Insure, aimed at making insurance services easier, faster, and more accessible to individuals and businesses …
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BusinessCapital MarketFinance & ServicesInsuranceRegulation
AXA Mansard, International Energy Insurance Project N5.53bn Profit Before Tax for Q1 2026
Two Nigerian insurance companies, AXA Mansard Insurance and International Energy Insurance Plc, have projected a combined profit before tax of about N5.53bn for the first quarter of 2026. The projections …
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AfricaArts & CultureInsurancePoliciesTravel & Tourism
Stakeholders Demand Easier Visas at Heirs Insurance Travel Festival in Lagos
Stakeholders at the inaugural Heirs Insurance Travel Festival have called for simpler and fairer visa processes to boost travel within Africa and improve access for millions of Africans. The event, …
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BankingCapital MarketEconomyINVESTMENTStock MarketTechnology
Nigerian Stock Market Gains N2.44tn as ICT and Banking Stocks
The Nigerian Exchange Limited (NGX) ended the week on a strong note as renewed buying interest in ICT and banking stocks lifted the market by N2.44 trillion. The All-Share Index …