Nigerian economy

FG Attributes Naira’s Impressive Rebound to Boost in Oil Revenues, Diaspora Remittances, and FX Backlog Clearance
Factors Driving the Recent Strengthening of the Nigerian Naira Tanimu Yakubu, the Director-General of Nigeria’s Budget Office of the Federation, has attributed the recent appreciation...

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Business Updates
1 month ago1 month ago

Factors Driving the Recent Strengthening of the Nigerian Naira Tanimu Yakubu, the Director-General of Nigeria’s Budget Office of the Federation, has attributed the recent appreciation of the Nigerian Naira to several key economic drivers. Among these are increased oil revenue inflows, robust remittances from Nigerians living abroad, and the resolution of outstanding foreign exchange obligations....

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FirstBank Breaks ₦1 Trillion Digital Loan Barrier, Ushering in a New Era of Inclusive Lending in Nigeria
FirstBank Surpasses ₦1 Trillion in Digital Loan Disbursements, Ushering a New Chapter in Nigeria’s Financial Inclusion FirstBank has recently celebrated a monumental milestone by disbursing...

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Politics Today
1 month ago1 month ago

FirstBank Surpasses ₦1 Trillion in Digital Loan Disbursements, Ushering a New Chapter in Nigeria’s Financial Inclusion FirstBank has recently celebrated a monumental milestone by disbursing over ₦1 trillion in digital loans, a feat that underscores its pivotal role in transforming Nigeria’s lending landscape. This achievement is more than a numerical landmark; it signifies a profound...

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OPINION: How Nigeria’s New Tax Law Could Transform the Future of SMEs Beyond Big Business
Transforming Nigeria’s Tax Landscape: A New Dawn for SMEs In June 2025, President Bola Tinubu signed into law four pivotal tax legislations after extensive nationwide...

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Politics Today
1 month ago1 month ago

Transforming Nigeria’s Tax Landscape: A New Dawn for SMEs In June 2025, President Bola Tinubu signed into law four pivotal tax legislations after extensive nationwide consultations and debates. These reforms come at a critical juncture, addressing longstanding economic challenges since the current administration took office. Overview of the New Tax Legislation The newly enacted laws-the...

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Diaspora Remittances Surge to $600M Monthly, Says CBN Governor Cardoso
diaspora remittances“> Record Growth in Nigeria’s Diaspora Remittances: $600 Million Monthly In a remarkable financial development, Nigeria’s diaspora remittance inflows have skyrocketed by 200% over...

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Lifestyle
1 month ago1 month ago

diaspora remittances“> Record Growth in Nigeria’s Diaspora Remittances: $600 Million Monthly In a remarkable financial development, Nigeria’s diaspora remittance inflows have skyrocketed by 200% over the last two months, reaching an impressive $600 million each month. This update was shared by Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), during the Delta State-Brazil...

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Nigeria’s Excess Crude Account Surges to $535,823 – AGF Reveals Exciting Update
Current Status of Nigeria’s Excess Crude Account As of August 2025, Nigeria’s Excess Crude Account (ECA) holds a balance of approximately $535,823.39, according to the...

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Business Updates
1 month ago1 month ago

Current Status of Nigeria’s Excess Crude Account As of August 2025, Nigeria’s Excess Crude Account (ECA) holds a balance of approximately $535,823.39, according to the latest statement from the Accountant-General of the Federation, Shamsedeen Ogunjimi. This figure reflects the funds accumulated from oil revenues exceeding the benchmark price set by the government. Understanding the Role...

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Osasogie Omoigui: Is Nigeria’s Stunning Glow-Up Hiding a Deeper Truth?
The Hidden Price of Cultural Evolution Throughout history, societal progress often conceals an underlying cost. Take the United States, for example: hip-hop emerged from grassroots...

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Lifestyle
1 month ago1 month ago

The Hidden Price of Cultural Evolution Throughout history, societal progress often conceals an underlying cost. Take the United States, for example: hip-hop emerged from grassroots block parties and street cyphers, raw narratives born from marginalized communities. As the genre gained global acclaim, its core essence-the unfiltered grit-was diluted. The mainstream audience gravitated towards rap adorned...

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Tinubu Vows Stronger Reform Enforcement to Drive Ambitious N300 Trillion Capital Market Growth
President Tinubu Commits to Strengthening Nigeria’s Capital Market President Bola Tinubu has reaffirmed his administration’s dedication to bolstering Nigeria’s capital market, pledging to implement enhanced...

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Business Updates
1 month ago1 month ago

President Tinubu Commits to Strengthening Nigeria’s Capital Market President Bola Tinubu has reaffirmed his administration’s dedication to bolstering Nigeria’s capital market, pledging to implement enhanced reforms aimed at expanding the sector’s capacity. According to Bayo Onanuga, the President’s special adviser on information and strategy, Tinubu is focused on creating a more robust and dynamic financial...

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Nigerians Shell Out a Staggering N2.56 Billion in Ransoms to Kidnappers Within Just One Year
The ransom-driven kidnapping crisis in Nigeria has escalated to unprecedented heights, with families and communities disbursing a staggering N2.56 billion from July 2024 through June...

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Business Updates
1 month ago1 month ago

The ransom-driven kidnapping crisis in Nigeria has escalated to unprecedented heights, with families and communities disbursing a staggering N2.56 billion from July 2024 through June 2025 to free their loved ones from captors. This surge in ransom payments underscores the growing severity of the abduction epidemic across the nation, reflecting a troubling trend in security...

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Inside Nigeria’s Top Trustee Companies: Unveiling Trends, Triumphs, and Industry Insights
Establishing Trust and Enhancing Wealth: First Trustees’ Strategic Approach to Legacy Management In today’s dynamic financial environment, the importance of dependable trust services cannot be...

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Politics Today
1 month ago1 month ago

Establishing Trust and Enhancing Wealth: First Trustees’ Strategic Approach to Legacy Management In today’s dynamic financial environment, the importance of dependable trust services cannot be overstated. For nearly five decades, First Trustees Limited has stood as a pillar of reliability, delivering exceptional trustee solutions tailored to secure and transfer wealth effectively. Featured Insight: An in-depth...

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Kefas Unveils TARAVEST: Taraba’s New Gateway to Investment Opportunities
Dr. Agbu Kefas, the Governor of Taraba State, has inaugurated TARAVEST, positioning it as the premier investment vehicle for the state. Alongside this launch, he...

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Politics Today
1 month ago1 month ago

Dr. Agbu Kefas, the Governor of Taraba State, has inaugurated TARAVEST, positioning it as the premier investment vehicle for the state. Alongside this launch, he introduced the Post-TARAVEST Committee, tasked with accelerating capital attraction and fostering rapid growth in vital economic sectors. The unveiling took place during a formal event at the TY Danjuma Government...

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