Nigeria’s telecommunications sector attracted a total of 991 million dollars in foreign direct investment, FDI, between 2022 and 2024, highlighting sustained investor interest in the industry despite regulatory reforms and …
Banking, Finance & Investment
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BusinessEconomyForeign AffairsINVESTMENTNewsNigeriaTechnologyTelecommunications
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BusinessEconomyInfrastructureINVESTMENTReal EstateTransportation & Logisitics
Sanwo-Olu inaugurates 29,000sqm TY Logistics Park
Lagos State Governor, Babajide Sanwo-Olu, has inaugurated the new TY Logistics Park FZE, a Grade-A contract logistics facility covering about 29,000 square metres, describing it as the first development of …
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AgricultureBanking, Finance & InvestmentEconomyFood SecurityPoliciesRural Development
CBN Targets Higher Farm Loans as Cardoso Pushes Banks
The Central Bank of Nigeria (CBN) has said it plans to raise agricultural lending beyond the current level of less than five per cent of total bank credit, as the …
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AgricultureBanking, Finance & InvestmentEconomyGovernancePoliciesRural DevelopmentTechnology
CBN Tasks ACGSF Board to Remove Collateral Barriers
The Central Bank of Nigeria (CBN) has charged the newly inaugurated Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF) to ensure that lack of collateral and remote location no …
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Banking, Finance & InvestmentBusinessCapital MarketCryptocurrencyCyber securityLegal Affairs
SEC to seize CBEX’s N1.3tr cash over ponzi scheme
The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the immediate freezing of bank accounts linked to Crypto Bridge Exchange (CBEX) and 25 …
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BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
Naira Weakens Slightly at Official Market as Dollar Demand Increases Toward Year-End
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 …
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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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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 …
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AgricultureBusinessEconomyFinanceINVESTMENTOil & Gas
Afrinvest Projects Nigeria’s Economy to Grow by Up to 4.5% in Q4 2025 on Stronger Spending and FX Supply
Analysts at Afrinvest have projected that Nigeria’s economy could grow between 4.3 per cent and 4.5 per cent in the fourth quarter of 2025, driven by seasonal activities, improved foreign …
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The Nigerian Exchange Limited has taken another step to expand Nigeria’s capital market by introducing Commercial Paper listings, a move expected to deepen the country’s short-term debt segment and provide …