The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
Business
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BankingBusinessDebt Management,EconomyFinanceGOVERNMENT
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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 …
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BusinessEconomyFiscal PolicyGovernment PolicyNewsRegulationTaxation
FIRS says new tax laws will boost competitiveness, simplify levies and attract investments
The Federal Inland Revenue Service has said that Nigeria’s newly enacted tax laws are part of a broader plan to strengthen the country’s economic competitiveness, attract more investments and ensure …
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AfricaBusinessClimate ChangeEducationYouth Empowerment
African student innovators compete in Abuja as JA Africa opens 2025 Company of the Year contest
Nigeria and seven other African countries have converged in Abuja for the 15th edition of the Junior Achievement Africa Company of the Year (COY) competition, the continent’s biggest student enterprise …
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BusinessCorporate AffairsEconomyEnergyFinanceINVESTMENTNigeria
Eterna Plc launches N21.52bn rights issue to boost expansion plans
Eterna Plc, one of Nigeria’s leading integrated energy companies, has taken a major step to strengthen its financial position with the launch of a rights issue valued at about N21.52 …
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BankingBusinessEconomyFinanceInflationMonetary Policy
CBN Keeps Interest Rate at 27% as Inflation Slows and Exchange Rate Stabilises
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, marking the fourth time this year that the rate has remained unchanged. The …
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BusinessDevelopmentEconomyEnergyGOVERNMENTOil & Gas
FG Warns Oil Companies to Show Real Commitment or Lose Space in Nigeria’s Energy Sector
The Federal Government has issued a clear warning to international oil companies and other operators in the petroleum sector, saying only those ready to speed up field development and deliver …
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BankingBusinessEconomyFinanceMarketsPolicies
Former CIBN President Ken Opara Calls for Special Court to Handle Credit Cases
The immediate past President of the Chartered Institute of Bankers of Nigeria, Dr Ken Opara, has called for the creation of a specialised court that will handle disputes related to …
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BusinessEconomyFinanceInflationMarketsPrivate Sector
Nigerian Private Sector Expands as Inflation Slows, New Orders Hit Three-Month High
Nigeria’s private sector recorded a rise in new orders in November, reaching the highest level in three months as inflationary pressures continued to ease. This is according to the latest …
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BusinessCrimeEconomyFinanceGovernanceRegulation
SEC Moves to Strengthen Fight Against Ponzi Schemes, Targets Promoters Under New Investment Law
The Securities and Exchange Commission has restated its commitment to intensifying the fight against Ponzi schemes in Nigeria, saying it will deepen inter-agency cooperation to identify and prosecute individuals and …