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Nigeria’s Foreign Direct Investment hits record low in Q2 2024
Nigeria's Foreign Direct Investment (FDI) plummeted to $29.83 million in the second quarter of 2024, marking the lowest level recorded...
Nigeria needs $410bn for Energy Transition by 2060, ECN reports
The Energy Commission of Nigeria (ECN) has revealed that the country will need $410 billion to implement its Energy Transition...
NASD forecasts N400m Net Income for 2024
Nigeria’s foremost over-the-counter exchange, NASD Plc, has projected a net income of N400 million by the end of 2024, marking...
Aiteo Terminates Contracts of Security Providers Over Alleged Fraud
Aiteo Eastern Exploration and Production Company (AEEPCO), the operator of the NNPC joint venture on OML 29, has terminated its...
CBN to sell Forex directly to Money Transfer Operators
Nigeria’s Central Bank (CBN) will now sell foreign exchange directly to International Money Transfer Operators (IMTOs) at the official rate,...
World Bank disburses $45.5m for Nigeria’s Digital ID Project
The World Bank has so far disbursed $45.5 million to Nigeria's National Identity Management Commission (NIMC) under the Digital Identification...
Nigerians turn to Loans amid rising Inflation
Nigerians are increasingly turning to personal loans to maintain their standard of living and mitigate inflationary pressures, borrowing fourteen times...
Nigerian Official Market Witnesses Sharp Decline in FX Turnover
The foreign exchange (FX) turnover in Nigeria's official market experienced a sharp decline of 39.95% on Monday, falling from $269.27...
Nigeria’s Economic Ambitions: Path to a Trillion-Dollar Economy
President Bola Tinubu, adorned in traditional attire, delivered a bold proclamation during the 29th Nigeria Economic Summit, stating that Nigeria's...
CBN Extends Suspension of Cash Deposit Charges Until Sept
The Central Bank of Nigeria (CBN) has announced the extension of the suspension of processing charges on cash deposits exceeding...
