Nigerian banks closed 29.4 million accounts by March 2025 as efforts to sanitise the {financial} system intensified amid rising dormant accounts and regulatory stress. New […]
Category: Business
French Firm Canal+ Acquires MultiChoice in $3bn Deal, Controls DStv, GOtv
French media large Canal+ has finalised the acquisition of MultiChoice Group, the mother or father firm of DStv and GOtv, in a landmark $3 billion […]
Edun Hails Rebasing, Q1 Growth as Signal of Economic Takeoff
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed the discharge of Nigeria’s 2024 rebased Gross Domestic Product […]
$90bn Fuel Import Bill: Dangote Slams Dumping of Dirty Fuel in Africa
Despite launching Africa’s largest oil refinery, a landmark challenge meant to revolutionize the continent’s gasoline trade, Nigeria’s Dangote Petroleum Refinery remains to be importing 9 […]
CBN Keeps Key Interest Rate Steady at 27.5% Amid Inflation Concerns
In a carefully watched choice, the Central Bank of Nigeria (CBN) has as soon as once more left the Monetary Policy Rate (MPR) unchanged at […]
2025 Budget: Senate Approves Tinubu’s $21bn Loan Request
The Senate on Tuesday, July 22, gave the inexperienced mild to President Bola Tinubu’s request to borrow over $21 billion for the 2025–2026 fiscal interval. […]
Petrol Exports Hit One Million Tonnes in 50 Days — Dangote
Aliko Dangote, President of the Dangote Group, says Nigeria has turn out to be a web exporter of refined petroleum merchandise, along with his refinery […]
Nigeria Now Spends Half Its Revenue on Debt Servicing — Oyedele
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated Nigeria now spends lower than 50 per cent of its income […]
Nigeria’s GDP Rebased to ₦205trn, Up 41% from 2014
Nigeria has formally rebased its Gross Domestic Product (GDP), setting the 2019 base 12 months at ₦205.09 trillion—a 41.1% improve in comparison with the final […]
Reps probe 25 insurance coverage protection companies over non-remittance of multi-billion naira earnings
The House of Representatives on Monday launched an investigation into alleged non-remittance of multi-billion-naira earnings belonging to the federal authorities by 25 insurance coverage protection […]