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OMO Sales Increase Eighteenfold As The CBN Tightens Its Grip On Inflation

Nigeria, Feb. 27 -- As the Central Bank of Nigeria (CBN) stepped up its efforts to combat inflation and currency volatility, the Open Market Operations (OMO) sales increased eighteen times a year, sig... Read More


Internet Usage Soars 93% With Smartphone Growth

Nigeria, Feb. 26 -- The Nigerian Communications Commission (NCC) released new data showing that monthly internet usage in Nigeria climbed by 93.35 percent due to the proliferation of smartphones. It ... Read More


TNC Daily Open: Rising Concerns Over Trump's Policies

Nigeria, Feb. 26 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More


ICT Accounts For 17% of Nigeria's Q4 GDP - NBS

Nigeria, Feb. 26 -- According to data from the National Bureau of Statistics (NBS), Nigeria's information and communication technology (ICT) sector generated 17% of the nation's actual gross domestic ... Read More


TNC Daily Open: U.S. Revives Tariff Plans

Nigeria, Feb. 25 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. ... Read More


Q4 2024 GDP Growth May Surpass 3.46%, But Full-Year Target Remains Uncertain - Experts

Nigeria, Feb. 25 -- Economic analysts forecast that Nigeria's growth rate will exceed the 3.46% reported in Q3 2024 as the country awaits the release of the Q4 2024 GDP report. Notwithstanding this p... Read More


FG to Raise N350 Billion in February 2025 Bond Auction

Nigeria, Feb. 24 -- The Debt Management Office (DMO) of the Federal Government of Nigeria (FGN) has announced an auction subscription offer to raise N350 billion by issuing Federal Government Bonds. ... Read More


Olam Sells 44.6% Agribusiness Stake to Saudi Fund for $2.35B

Nigeria, Feb. 24 -- In a strategic move to reshape its business portfolio, Olam Group has announced the sale of a 44.58% stake in its agribusiness unit, Olam Agri, to the Saudi Agricultural and Livest... Read More


CBN Governor Pushes for Stronger Nigeria-Saudi Economic Ties

Nigeria, Feb. 24 -- The Central Bank of Nigeria (CBN) said in a statement issued on Sunday that it is committed to strengthening economic cooperation between the Kingdom of Saudi Arabia and Nigeria. ... Read More


Meta Boosts Executive Bonuses to 200% After Laying Off Workers

Nigeria, Feb. 23 -- Just days after cutting 5% of its workforce, Meta has approved a 200% increase in executive bonuses, raising eyebrows across the industry. According to a filing with the U.S. Secu... Read More