The International Air Transport Association (IATA) has revealed that $1.3 billion belonging to international airlines remains blocked from repatriation by several governments as of April 2025. However, Nigeria is not …
Economy
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AviationBusinessEconomyGOVERNMENTNewsPoliciesTransportation & Logisitics
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DevelopmentEconomyHospitalINVESTMENTMarketsNigeriaReal Estate
Nigeria’s Real Estate Sector Faces Rising Costs, Weak Demand Amid Economic Reforms – Ubosi Eleh Report
Nigeria’s real estate sector is facing a critical period marked by both serious challenges and emerging opportunities, according to a new report released by Ubosi Eleh and Company, an estate …
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DevelopmentEconomyEnvironmentGOVERNMENTInfrastructureTransportation & Logisitics
Lagos to Launch €410m Omi Eko Water Transport Project in June; E-Call-Up System Enforcement Rescheduled
The Lagos State Government has confirmed that work will begin in June 2025 on the much-awaited €410 million Omi Eko water transport project, aimed at easing Lagos’ long-standing traffic congestion …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeriaPolicies
Nigerian Banks’ Restricted Deposits with CBN Hit ₦18.82tn as Tight Monetary Policies Persist
Seven big Nigerian banks have reported a combined ₦18.82 trillion in restricted deposits with the Central Bank of Nigeria (CBN) as at March 31, 2025. This is a 7.3 percent …
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EconomyGOVERNMENTNigeriaPoliciesPolitics
Afenifere Critiques Tinubu’s Economic Policies; Presidency Defends Reforms
The Pan-Yoruba socio-political organization, Afenifere, has expressed concerns over the economic direction under President Bola Ahmed Tinubu, describing his administration’s “Renewed Hope” as a “nightmare” for Nigerians. In a statement …
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EconomyFinance & ServicesGOVERNMENTINVESTMENTNigeria
CRMI Applauds Tinubu’s Appointment of Oseni as Risk Management ED at National Credit Guarantee Compan
The Chartered Risk Management Institute of Nigeria (CRMI) has applauded the appointment of its outgoing President and Chairman of the Governing Council, Professor Ezekiel Oseni, as Executive Director for Risk …
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Banking, Finance & InvestmentEconomyNigeriaOil & GasPolicies
Moody’s Upgrades Nigeria’s Credit Rating But Warns Falling Oil Prices, Inflation Could Threaten Naira Stability
Global credit rating agency, Moody’s Ratings, has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing improved transparency in the country’s foreign exchange system and …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsNigeria
ABCON Warns Over Three Million Nigerians May Lose Livelihood as BDCs Struggle to Meet New Capital Requirement
The Association of Bureau De Change Operators of Nigeria (ABCON) has raised serious concerns about the impact of the Central Bank of Nigeria’s (CBN) new capital requirements for Bureau De …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTMarketsNigeriaTrade and Commerce
Nigerian Stock Market Gains N1.71tn in One Week as Investor Confidence Grows
The Nigerian Exchange Limited (NGX) ended the past trading week on a bullish note, recording a sharp rise in investor sentiment that led to a N1.71 trillion boost in market …
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DevelopmentEconomyEnergyEnvironmentOil & Gas
CCS Technology Can Help Nigeria Curb Carbon Emissions and Boost Resource Recovery – Expert
A geoscientist and environmental expert, Dr. Luqman Olawale, has called on the Nigerian government and petroleum industry stakeholders to embrace Carbon Capture and Storage (CCS) technology as a dual-purpose tool …