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Nigeria fails US fiscal transparency test for second year

Nigeria has failed the US fiscal transparency test for a second straight year, with the State Department citing a vague budget and weak audit oversight.
News

SEC orders operators to freeze ISIS-linked accounts

Nigeria's SEC has ordered capital market operators to freeze assets linked to one Nigerian and three companies the US sanctioned over alleged ISIS financing.
News

Nigerians urge government to turn rising reserves into cost-of-living relief

As Nigeria's foreign reserves reach a 16-year high of $50.11 billion, economists and workers want the government to turn the gains into real relief.
Business

FG allocates two more crude oil terminals to Swede Control Intertek

The Federal Government has allocated two more crude oil export terminals to Swede Control Intertek, expanding the pre-shipment inspection agent's role in certifying Nigeria's exports.
Business

Experts warn FG against costly foreign loans and VAT hike over IMF advice

Capital market operators and economists have urged the Federal Government to avoid expensive foreign loans and a VAT increase as it weighs the IMF's latest policy recommendations.
News

Cardoso wins Central Bank Governor of the Year award

CBN Governor Olayemi Cardoso has won the Central Bank of the Year award in London, dedicating the recognition to the apex bank's board, management and staff.
News

Business confidence in the macroeconomy rises to 7.9 index points, says CBN

Business confidence in Nigeria's macroeconomy rose to 7.9 index points in May from 3.9 in April, the CBN says, even as consumers remained pessimistic.
Business

Ex-CBN deputy governor Moghalu named Bluecode Africa board chairman

Bluecode Africa has named former CBN deputy governor Kingsley Moghalu chairman of its Nigerian subsidiary's advisory board as the payments firm enters the Nigerian market.
Business

FCMB appoints Bismarck Rewane non-executive director and board chairman

First City Monument Bank has appointed economist Bismarck Rewane as non-executive director and chairman of its board, following approval from the Central Bank of Nigeria.
Business

CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.
News

Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
Business

Nigeria’s trade surplus jumps 220 percent to $480m

Nigeria's trade surplus jumped 220 percent to $480 million in January as oil exports hit a record, even as weaker cocoa prices dragged non-oil earnings.
Politics

Tinubu says subsidy cabals want him dead

President Bola Tinubu says oil subsidy and exchange rate cabals want him dead, blaming the threat on the reforms he launched after taking office in 2023.
Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
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News

Nigeria fails US fiscal transparency test for second year

Nigeria has failed the US fiscal transparency test for a second straight year, with the State Department citing a vague budget and weak audit oversight.
News

SEC orders operators to freeze ISIS-linked accounts

Nigeria's SEC has ordered capital market operators to freeze assets linked to one Nigerian and three companies the US sanctioned over alleged ISIS financing.
Sports

Katsina United Deny Dead Player Regained Consciousness

KEY POINTS Ozor died after collapsing during a friendly. Club denies he regained consciousness. ...
News

Wike Closes FCT Housing Committee Office

KEY POINTS Wike closes the old housing secretariat. New division takes over house sales. ...