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Banks Reduce FX Deposit Rates As Supply Increases

Nigeria, Jan. 24 -- Banks lower their interest rates on foreign currency (FX) deposits as the dollar supply improves. During an executive roundtable organized by PwC and BusinessDay on Thursday, Olus... Read More


Nigeria, World Leaders Aim $29 Trillion African Economy By 2050

Nigeria, Jan. 23 -- Vice President Kashim Shettima joined global leaders in Davos, Switzerland, to participate in the 2025 World Economic Forum (WEF), where he passionately advocated for the African C... Read More


FG Invested $6.7 Billion In Nigeria's Energy Sector In 2024

Nigeria, Jan. 23 -- According to the federal government, in 2024, Nigeria's energy sector received a total investment of $6.7 billion. The Presidency Energy Sector Wrap-Up 2024, which was put togethe... Read More


Telcos Respond to NCC's 50% Tariff Hike Approval

Nigeria, Jan. 22 -- The Nigerian Communications Commission's acceptance of a 50% rate adjustment has prompted an official response from telecom operators operating under the auspices of the Associatio... Read More


Nigeria's Public Debt Hits N142.3 Trillion in Q3 2024, Up by N8.02 Trillion

Nigeria, Jan. 22 -- Nigeria's overall national debt increased by 5.97% (N8.02 trillion) from N134.3 trillion in June 2024 to N142.3 trillion as of September 30, 2024. This aligns with the most recent... Read More


Trump's Second Term: Prof. Jideofor Adibe Examines Implications for Africa and the Global Order

Nigeria, Jan. 22 -- Arise News Nigeria hosted a News Night segment on January 20, 2025, featuring Professor Jideofor Adibe and Ambassador Joe Keshi to analyze Donald Trump's second inauguration and it... Read More


Market Wrap: ASI Gains 767 Points, MTN Soars, SEPLAT Leads in Value

Nigeria, Jan. 22 -- On January 21, 2025, the All-Share Index had a powerful day, closing at 103,137.99 after gaining 767.63 points. This represents a slight increase of 0.75% from Monday's closing va... Read More


Naira Remains Stable At N1,667/$ Despite Significant Dollar Fluctuations

Nigeria, Jan. 21 -- Despite significant fluctuation in the dollar index after President Trump's inauguration, the naira held steady versus the haven currency in the unofficial market, staying between ... Read More


Melania's Meme Coin Sparks $6 Billion Loss for Trump Coin

Nigeria, Jan. 20 -- The launch of Melania Trump's meme coin, MELANIA, has sent shockwaves through the crypto market, triggering a sharp decline in the value of the TRUMP coin, the official meme token ... Read More


Food Output Is Increasing As Security Improves

Nigeria, Jan. 20 -- Farmers predict that when security in food-belt regions improves this year, Nigeria's agricultural output will rise. They point out that the anticipated improvement in food output... Read More