Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms
The World Bank has announced the approval of two significant financial operations aimed at bolstering Nigeria's economic stability and supporting...
FX turnover crashes by 75.98% to a three-week low on Thursday
The foreign exchange (FX) turnover on the Nigerian official market crashed by 75.98%, hitting a three-week low on Thursday.
Nigeria seeks $500 million loan from World Bank for “rural roads”
The Federal Government of Nigeria is pursuing a $500 million loan from the World Bank aimed at the development of...
Nigerians withdraw N14.2 billion from pension funds as job losses spike
The National Pension Commission (PenCom) has approved the disbursement of N14.2 billion to 8,651 Nigerians who experienced temporary job loss...
Seven firms pay N400 million to NDPC as sanction for data breach
The Nigeria Data Protection Commission (NDPC) has said that it has earned N400 million from sanctions imposed on seven firms...
Naira trades within narrow range as FX turnover surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover surged by 138.67% on the Nigerian Autonomous Foreign...
Nigeria’s foreign debt service costs surge by 96% to $2.19 billion by May 2024
Nigeria has seen a significant surge in its foreign debt servicing costs, with an increase of 96% year-on-year, according to...
FAAC: Shared revenue drops by 5.38% to N1.143 trillion for May 2024
The Federation Accounts Allocation Committee (FAAC) has announced the disbursement of N1.143 trillion as the total revenue for May 2024
FX turnover records first crash after Afrexim Bank’s $925 million announcement
The foreign exchange (FX) turnover on the Nigerian official market crashed by 39.95% on Monday.
Nigeria’s money supply rebounds to historic N96.97 trillion in April 2024, defying MPC’s tightening measures
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery...
