ABUJA, Feb 19 – Nigeria has enacted a major fiscal reform requiring all government-related oil and gas revenues to be paid directly …
Nigeria
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Credit Ratings
Nigeria’s Tinubu Calls for Africa-Owned Credit Rating Agency to Challenge Global Risk Mispricing
LAGOS, Feb 17 – President Bola Ahmed Tinubu has called for the establishment of a continentally owned credit rating agency, warning that …
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LAGOS, Feb 17 – Nigeria’s Dangote Group has signed a $400 million equipment agreement with China’s Xuzhou Construction Machinery Group (XCMG) to …
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ABUJA, Feb 17 – Nigeria’s annual inflation rate slowed to 15.10% in January from 15.15% in December, according to data released by …
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LAGOS, Feb 17 – Foreign direct investment into Nigeria’s telecommunications sector rose to $392.92 million between January and September 2025, according to …
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ABUJA, Feb 16 – Nigeria’s total capital importation rose to $6.01 billion in the third quarter of 2025, marking a 380.16 percent …
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Development Finance
Nigeria’s Bank of Industry Records ₦636 Billion Disbursement in 2025, Sets New Benchmark
LAGOS, Feb 13 – The Bank of Industry recorded its strongest annual financing performance in 2025, disbursing ₦636 billion, approximately 424 million …
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LAGOS, Feb 12 – The Central Bank of Nigeria has warned that excess liquidity in the financial system and election cycle spending …
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Banking & Finance
Nigeria’s Access Bank Terminates Bidvest Bank Deal After Regulatory Deadline Lapses
Access Holdings Plc has terminated its proposed acquisition of South Africa’s Bidvest Bank after key regulatory conditions were not met by the …
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LAGOS, Feb 11 – Nigeria’s external reserves have crossed the $47 billion mark for the first time in nearly eight years, reflecting …