The Debt Management Office (DMO) has announced the offer of Federal Government of Nigeria (FGN) bonds worth ₦100 billion for public subscription at an interest rate of 19.3 percent per …
Finance & Services
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BusinessBusiness PoliciesEconomyFinance & ServicesMarketsPolicies
Naira Trades at ₦1,548 Official Rate, ₦1,592 on Black Market as Forex Gap Widens
The naira traded at ₦1,548.52 to one US dollar on the official Central Bank of Nigeria (CBN) window as of June 23, 2025, reflecting continued pressure on Nigeria’s foreign exchange …
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CryptocurrencyFinance & ServicesInnovationMarketsTechnology
Crypto Platform Luno Relaunches in Kenya with Local Trading, KES Pairs and New Features
Luno, a global cryptocurrency trading platform, has officially re-entered the Kenyan market with a new and improved platform that allows users to buy, sell, and hold popular cryptocurrencies like Bitcoin, …
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EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureINVESTMENT
FG Revenue Hits N6.9tn in Four Months
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that President Bola Tinubu’s economic reforms have brought in N6.9 trillion in government revenue from …
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Finance & ServicesGOVERNMENTLeadershipNigeriaPoliciesReal Estate
AHCN Appoints Chime Obiora as Chairman, Board of Trustees
The Association of Housing Corporations of Nigeria (AHCN) has appointed Chime Obiora as the new Chairman of its Board of Trustees. His appointment follows the death of the former chairman, …
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BusinessEconomyFinance & ServicesInsuranceTechnology
Ex-Hilal Takaful Boss Urges Insurance Firms to Collaborate on AI Investment
The former Managing Director of Hilal Takaful Insurance, Mrs. Thaibat Adeniran, has called on Nigerian insurance companies to collaborate as a consortium to reduce the financial burden of adopting artificial …
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BusinessEconomyFinance & ServicesInnovationNigeriaTechnology
MyTax Nigeria Launches Free Web App to Tackle Gaps in Public Tax
A new web-based platform, MyTax Nigeria, has been launched to help Nigerians—especially workers, freelancers, and small business owners—better understand and manage their tax responsibilities. This comes as discussions around tax …
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Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesNigeriaTechnology
Sofri Launches New Digital Tools to Improve Access to Credit in Nigeria
Sofri, the digital banking brand powered by Links Microfinance Bank, has kicked off a major transformation to improve how Nigerians, especially small businesses and underserved individuals, access credit. The company …
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Banking, Finance & InvestmentFinance & ServicesFintechNigeriaTechnology
POS Transactions Hit N223tn in 2024 as ATM Withdrawals Drop
Point of Sale (POS) terminals processed a total of N223.27 trillion worth of transactions across Nigeria in 2024. This figure is more than double the N110.35 trillion recorded in 2023, …
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Banking, Finance & InvestmentBusinessBusiness PoliciesFinance & ServicesFintechNigeriaWestern Africa
Nigeria’s New Plan: Using NIN to Track All Unpaid Loans – What You Need to Know
The Nigerian Government has initiated a plan to change how people borrow money. Soon, every loan taken in Nigeria will be connected to the borrower’s National Identification Number (NIN). This …