The Nigeria Deposit Insurance Corporation (NDIC) has commenced a N46.6 billion payout to top depositors of the defunct Heritage Bank, following the revocation of the bank’s operating license by the
The World Bank has cautioned that sustained low oil prices could jeopardize Nigeria’s social safety net programs, critical for supporting 43% of its population living below the $2.15-a-day poverty line,
Nigeria’s Federal Executive Council (FEC), chaired by President Bola Tinubu, approved the establishment of a Textile and Apparel Development Board and a $90 billion Agribusiness and Livestock Development Plan on
The Central Bank of Nigeria (CBN) successfully raised over N1 trillion through an Open Market Operation (OMO) auction conducted on April 24, 2025, as part of its monetary policy strategy
Dangote Cement Plc, Africa’s largest cement manufacturer, reported a pre-tax profit of N311.974 billion for the first quarter of 2025, marking an 87.48% year-on-year increase from N166.404 billion in Q1
The Federal Government of Nigeria has announced the launch of the $1.1 billion National Agricultural Productivity and Market Initiative (NAPM), a transformative program aimed at stabilizing food prices and revolutionizing
A chilling exposé of digital deception! the FBI’s 2024 Cryptocurrency Fraud Report, released April 22, 2025, disclosed that crypto investment scams siphoned a staggering $5.8 billion from victims worldwide, a
Nokia Corporation reported a €68 million net loss for Q1 2025, a stark contrast to the €291 million profit in Q1 2024, as surging costs and sluggish demand for 5G
In a visionary stride toward climate leadership, President Bola Tinubu announced on April 24, 2025, that Nigeria’s Carbon Market Activation Policy, finalized in March, is set to unlock $2.5 billion
In a turbulent blow to Nigeria’s aviation sector, Air Peace, the nation’s leading carrier, canceled dozens of domestic flights on April 23, 2025, as a strike by the Nigerian Meteorological
