Nigeria, Feb. 4 -- The Central Bank of Nigeria (CBN) has extended its approval for Bureau de Change (BDC) operators to purchase foreign exchange from authorised dealers in a bid to meet retail market ... Read More
Nigeria, Jan. 27 -- Businesses in Nigeria identified high bank charges, poor infrastructure, and insecurity as major obstacles to their operations in December 2024. The revelations are in the Central... Read More
Nigeria, Jan. 25 -- The Purchasing Managers' Index (PMI) for Nigeria rebounded in December 2024, indicating a return to economic expansion after two consecutive months of contraction, according to a s... Read More
Nigeria, Jan. 25 -- Nigeria's economic growth rate could rise to 5.5 per cent in 2025 if the government sustains stability-focused reforms, the Nigerian Economic Summit Group (NESG) has said. The gro... Read More
Nigeria, Jan. 23 -- The Financial Reporting Council of Nigeria (FRC) has concluded that the country does not meet the criteria to be classified as a hyperinflationary economy, following a comprehensiv... Read More
Nigeria, Jan. 22 -- The Central Bank of Nigeria (CBN) has approved the Nigerian Foreign Exchange (FX) Code, a comprehensive guideline aimed at promoting ethical conduct among authorised dealers in the... Read More
Nigeria, Jan. 22 -- The Federal Competition and Consumer Protection Commission (FCCPC) has endorsed the Nigerian Communications Commission's (NCC) decision to approve a 50 per cent adjustment in telec... Read More
Nigeria, Jan. 22 -- Nigeria's public debt climbed to N142.3 trillion by 30 September 2024, marking a 5.97 per cent rise (N8.02 trillion) from N134.3 trillion recorded in June 2024. This was disclosed... Read More
Nigeria, Jan. 21 -- The number of Bank Verification Numbers (BVNs) issued in Nigeria climbed to 64.8 million as of January 2025, according to the Nigeria Inter-Bank Settlement System (NIBSS). This ma... Read More
Nigeria, Jan. 18 -- The Federation Account Allocation Committee (FAAC) has distributed N1.424 trillion to the federal government, states, and local government councils as federation allocation for Dec... Read More