CBN Intensifies Liquidity Control with ₦1.5 Trillion OMO Offer as Banking System Cash Balances Rise
The Central Bank of Nigeria has stepped up efforts to manage excess liquidity in the…
UK Backs Nigeria’s Renewable Energy Expansion with $7 Million Investment in Okra Solar
Nigeria's renewable energy industry has attracted a fresh $7 million investment as British International Investment…
Stanbic IBTC Introduces Direct Naira-to-Yuan Payments to Simplify Trade Between Nigeria and China
Nigerian businesses importing goods from China could benefit from faster international payments following the introduction…
Nigeria Launches ₦52,500 Minimum Pension Guarantee for 173,209 Retirees After 22-Year Delay
Nigeria has taken a significant step towards improving retirement income security with the official launch…
Nigeria Approves ₦30 Billion for Free Electricity Meters as NERC Sets May 2027 Deadline
Millions of Nigerian electricity consumers could benefit from an expanded metering programme following the approval…
Nigeria’s FX Market Turnover Falls 51% to $1.81 Billion as Dollar Trading Activity Weakens
Nigeria's foreign exchange market recorded a significant decline in trading activity, with total dollar transactions…
Nigeria Moves to Expand Oil and Gas Reserves as Drilling Activities Rise Across the Country
The Federal Government has renewed efforts to strengthen Nigeria's oil and gas industry, with plans…
Power Supply Improves in Lagos and Other Areas as FG Restores Critical 330kV Transmission Line
Electricity supply has improved in parts of Lagos, Ogun, Oyo, Kwara and the Federal Capital…
Nigeria Faces New Food Security Risks as El Niño Threatens Crop Yields and Raises Farming Costs
Nigeria's agricultural sector could face additional pressure as the developing El Niño weather phenomenon threatens…
Nigeria Faces Rising Debt Pressure as Servicing Costs Could Consume 72% of Revenue by 2030
Nigeria's public finances could face significant pressure over the coming years, with the Debt Management…