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 …
NIGERIA ECONOMY
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BankingBusinessDebt Management,EconomyFinanceGOVERNMENT
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BankingCBNEconomyFinancial RegulationNewsNigeriaPolicies
CBN removes all cash-deposit limits, retains strict withdrawal ceilings
The Central Bank of Nigeria has announced major changes to the country’s cash-management rules, removing all limits on how much cash customers can deposit in banks while maintaining strict weekly …
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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 …
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AgribusinessEconomyFinanceGOVERNMENTRegional IntegrationTrade
Finance Minister Wale Edun Says Africa Must Rely on Private Capital
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has warned that Africa can no longer depend on foreign aid and concessional loans as rising debt costs …
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BusinessEconomyEducationFinanceGovernment PolicyNational BudgetPersonal FinanceTaxation
Oyedele Says New 2026 Tax Reforms Will Cut Taxes for 98% of Nigerians
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has assured Nigerians that the new tax reform laws taking effect from January 2026 will reduce …
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EconomyForex TradingMarketsMonetary PolicyNigeria
Naira Weakens Across FX Markets Despite Rising External Reserves
The naira recorded another week of negative trading performance as the currency weakened at both the official and parallel foreign exchange markets. At the official Nigerian Foreign Exchange Market, the …
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Capital MarketFinanceGOVERNMENTInfrastructureINVESTMENTLagos News
Lagos State’s Latest Bond Issuance Records 70% Oversubscription
Lagos State has continued to strengthen its position in Nigeria’s capital market as the government’s latest bond issuance received overwhelming support from investors. The Lagos State Commissioner for Finance, Abayomi …
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BankingDevelopmentDigital EconomyEconomyFinanceNational Assembly
AMMBAN Marks 10 Years, Celebrates Growth of Agent Banking in Nigeria
The Association of Mobile Money and Bank Agents in Nigeria has marked its 10th anniversary alongside its ninth Annual National Conference in Gombe, with many stakeholders commending the critical role …
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AfricaBusiness and EconomyDevelopmentPolitics
Peter Obi Says Nigeria Can Hit $2 Trillion Economy with Right Leadership
by Radarr Adminby Radarr AdminNigeria’s former Labour Party presidential candidate, Mr. Peter Obi, has restated that Nigeria remains Africa’s top investment destination, saying the country can record massive economic growth if it embraces competent …
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AgricultureDevelopmentEconomyFinanceGOVERNMENTInternational Partnerships
FG secures $500m World Bank loan to boost Nigeria’s agricultural value chains
The Federal Government has secured a $500 million loan from the World Bank to strengthen Nigeria’s agricultural value chains and accelerate food security and rural industrialisation in line with President …