Business & Economy - Page 39

Nigeria is making a decisive move to reclaim its leadership role on the continent. As of March 2026, the “Africa-First” strategy has evolved into a centerpiece of President Bola Tinubu’s foreign policy, specifically aimed at integrating Nigeria more deeply with the Global

State governments across Nigeria and the Federal Capital Territory (FCT) are expected to receive a fresh financial boost following a recommendation by the Federation Account Allocation Committee (FAAC) to distribute ₦92.8 billion in withholding taxes collected on their behalf. The recommendation emerged

The FinTech Association of Nigeria says recent regulatory measures by the Central Bank of Nigeria (CBN) will strengthen banking security, curb fraud and boost trust. Adesanya spoke on the sidelines of an induction and award ceremony organised by the Chartered Institute of

A renowned economist, Dr Chijioke Ekechukwu, says Nigeria could have recorded a major economic windfall from the current surge in global crude oil prices if the country’s crude oil production was operating at full capacity. Ekechukwu, the Group Managing Director/Chief Executive Officer

The Naira on Friday closed the week on a positive note, appreciating at the official market to settle at N1,366.23 against the U.S. dollar. Data published on the website of the Central Bank of Nigeria (CBN) showed the Naira gained N5.27 during

The Governor of Abia State, Dr. Alex Otti, has disclosed that the state government is ready to sign a Memorandum of Understanding (MoU) with Presco PLC to invest in palm oil production and processing in the state. Presco PLC is a market

President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long‑awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, marking a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth.

The Central Bank of Nigeria (CBN) has introduced stricter measures aimed at improving credit discipline in the banking sector by directing financial institutions to deny certain banking services and additional credit facilities to large borrowers with non-performing loans. The directive was contained

Mr Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN), says reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence and stabilised the Naira. Cardoso said this on Thursday in Lagos while delivering a distinguished Alumni Lecture at