Business

Tinubu Inaugurates $400m Indigenous Crude Oil Export Terminal In Rivers State

President Bola Tinubu has inaugurated Nigeria’s first indigenous onshore crude oil export terminal, the $400 million Green Energy International Limited (GEIL) Otakikpo Terminal, located...

CBN Caps PoS Agents’ Daily Transactions At ₦1.2 Million, Tightens Licensing Rules

The Central Bank of Nigeria (CBN) has limited Point of Sale (PoS) agents to a maximum daily transaction value of ₦1.2 million, while individual...

France’s Political Crisis Triggers Market Turmoil, Bank Stocks Slide

France’s financial markets came under pressure on Monday following the resignation of Prime Minister Sébastien Lecornu, as political uncertainty pushed up borrowing costs and...

Shettima, Edun, Bagudu Attend 31st Nigerian Economic Summit in Abuja

Vice President Kashim Shettima on Monday led top government officials to the 31st Nigerian Economic Summit (NES), which commenced in Abuja. Also in attendance were...

Naira Holds Steady at ₦1,466 Per Dollar in Official Market

File photo of naira and dollar notes

Elon Musk Becomes First Person To Reach $500 Billion Net Worth

Elon Musk has become the first individual in history to attain a net worth of $500 billion, according to Forbes. Forbes’ billionaires index placed Musk’s...

World Bank Commends Nigeria’s Ward Development Programme As CBN Reassures On Rate Cut

The World Bank has praised Nigeria’s Renewed Hope Ward Development Programme, a grassroots initiative designed to translate macroeconomic reforms into tangible benefits across all...

CBN Reduces Interest Rate To 27 Per Cent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the benchmark interest rate to 27 per cent, down from...

DMO Allots ₦3.05bn FGN Savings Bond In September

The Debt Management Office (DMO) has announced the successful allotment of the September 2025 Federal Government of Nigeria (FGN) Savings Bonds, totaling ₦3.05 billion...

Wale Edun Engages G-24 Leadership Ahead of Nigeria’s 2025/26 Chairmanship

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has held strategic talks with Dr. Iyabo Masha, Director of the Group...

Naira Approaches Five-Month High At ₦1,514/$ Amid CBN Intervention

The naira closed last week trading near a five-month high at ₦1,514.86 to the dollar on the official market, according to Central Bank of...

US Jury Orders Google To Pay $425 Million In App Privacy Lawsuit

A U.S. federal jury has ordered Google to pay approximately $425 million in damages after finding that the company illegally collected data from smartphone...

FG Applauds CBN, Diaspora Nigerians as Remittances Surge to $600m Monthly

The Federal Government has commended the Central Bank of Nigeria (CBN) and Nigerians in the diaspora as remittance inflows tripled to $600 million monthly...

FGN Savings Bonds Offer Up To 16.541% Returns For September 2025 Subscription

The Federal Government has opened subscription for its September 2025 Savings Bonds, offering investors annual interest rates of up to 16.541 per cent, according...

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