The Central Bank of Nigeria (CBN) has revealed that personal loans in the country have witnessed a significant increase, reaching N3.3 trillion in November. This figure represents a substantial rise
Following Shell’s divestment of its onshore assets in Nigeria for $2.4 billion, the federal government is engaging local communities to restart oil production in Ogoniland. This move comes after decades
In a strategic move aimed at bolstering entrepreneurship across Africa, the Tony Elumelu Foundation (TEF) has entered into a $6 million partnership agreement with the United Arab Emirates Office of
The Nigerian real estate sector witnessed an unprecedented expansion in 2024, growing by 46.52 percent in the third quarter, marking one of the most significant surges in the country’s economic
The Nigerian Senate is set to receive the report on the ₦54.2 trillion 2025 budget estimates this week, with potential passage following shortly thereafter. Senate President Godswill Akpabio made this
The Central Bank of Nigeria (CBN) has announced an end to free ATM withdrawals for customers using the ATMs of other banks, implementing a new charge of ₦100 per every
The Federal Government of Nigeria has officially taken full ownership of Keystone Bank, marking a significant transition in the bank’s corporate structure. This development follows a court ruling by the
The Dangote Petroleum Refinery has significantly ramped up its production, currently operating at 85% of its 650,000 barrels per day (bpd) capacity. This marks a major milestone in Nigeria’s quest
The Eko Electricity Distribution Company (EKEDC) has commenced the distribution of free prepaid meters to Band A customers under the federal government-backed Meter Acquisition Fund (MAF) scheme. This initiative aims
In a major boost for Nigeria’s transportation and logistics sector, the Nigerian Railway Corporation (NRC), in collaboration with APM Terminals, has launched a new freight service from Apapa Port in
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