The Nigerian Sovereign Investment Authority (NSIA), which manages the country’s sovereign wealth fund, has adjusted its asset allocation strategy by reducing exposure to the U.S. market...
Policymakers at the Central Bank of Nigeria (CBN) are projected to leave the monetary policy rate unchanged at 27.5% for the second consecutive meeting as inflationary...
The Dollar to Naira exchange rate continues to reflect rising pressure in the black market as demand for foreign currency outpaces supply. As of today, Tuesday,...
Preparations for the official launch of the African Energy Bank (AEB) have reached an advanced stage, with Nigeria confirming the completion of key legal and governance...
Dangote Petroleum Refinery has scaled up its operational footprint with the recent delivery of crude oil from the international market and the commencement of refined product...
Africa’s Global bank, United Bank for Africa (UBA) Plc, has reaffirmed its leadership position in fostering economic growth and empowerment as it clinched four major awards...
Nigeria’s electricity industry is facing renewed financial pressure as the Federal Government’s failure to settle tariff shortfalls in 2025 has pushed outstanding obligations to electricity generating...
The Central Bank of Nigeria (CBN) has reduced its net loan exposure to the Federal Government and recovered over N250 billion from intervention programmes in 2024,...
Nigeria’s telecommunications industry is set to converge in Lagos on May 21, 2025, for a high-level strategy session aimed at accelerating mobile virtual network operator (MVNO)...
The Federal Government is set to deepen bilateral cooperation with China through the development of electric vehicle (EV) manufacturing plants in Nigeria. This follows a courtesy...