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Finance & Economy - Page 278

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

Currency·Markets

Foreign Exchange Update: Dec. 2, 2021

According to the data at the FMDQ Security Exchange where foreign exchange (forex) is traded officially, exchange rate between the naira and the US dollar opened at N413.94/$1 on Thursday December 2 after it closed at N415.07 to a $1 on Wednesday,

December 2, 2021

Finance & Economy

CBN Hints On How Banks Will Play Critical Roles In Growing Nigerian Economy

The Central Bank of Nigeria has disclosed that commercial banks across the country are to play critical roles in growing the country’s economy. Head, Development Finance Department of the CBN, Aminu Muhammad, an assistant director, made this known on Wednesday while speaking

December 2, 2021

Finance & Economy

Nigerian External Reserves Dropped By $610m In November – CBN

The Central Bank of Nigeria (CBN) on Thursday disclosed that the nation’s external reserves fell by $610m last month. According to the apex bank, the reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN, however, noted

December 2, 2021

Finance & Economy

FIRS Extends Deadline for Waiver Of Interest, Penalties On CIT

The Federal Inland Revenue Service (FIRS) has announced additional and final one-month extension of its waiver for penalties and interest for companies with outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns.

December 2, 2021

Finance & Economy

NGX Facilitates N6.71trn Financing In 2021

Nigerian Exchange Limited (NGX or The Exchange) says it has facilitated needed financing of over N6.71trillion raised by governments and corporates across various asset classes in 2021.

December 2, 2021

Finance & Economy

Africa Data Centres Begins $500m Investment Journey To Digital Transformation

AFRICA Data Centres, the largest network of interconnected, carrier- and cloud-neutral data centre facilities on the continent has announced official opening of its new 10MW data centre facility in Lagos, Nigeria.

December 2, 2021

Finance & Economy

Africa’s GDP To Grow By $420bn In 2025 Through AfCFTA Implementation – Experts

African economic integration agenda as enshrined in the African Continental Free Trade Agreement (AfCFTA) has the potential to engender robust industrial development and encourage free trade and enterprise cooperation across sectors on the continent

December 1, 2021

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Finance & Economy

FG’s Capital Market Debt Servicing Gulps N2.18tn In 10 Months – Report

Servicing of debts acquired through instruments issued by the federal government in the Nigeria capital market totaled N2.18tn as of October 30. Reports obtained by Prime Business Africa showed that data from listed debt instruments on the FMDQ Exchange revealed that repayments

November 30, 2021

Finance & Economy

CIBN President Says eNaira ‘II Deepen Financial Inclusion

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Dr Bayo Olugbemi has commended the introduction of the country’s first digital currency, eNaira, saying it was part of measures to deepen financial inclusion and integrate millions of unbanked Nigerians into

November 29, 2021

Finance & Economy

We Have 97% Of Bank Depositors Under Our Cover, NDIC Boasts

The present coverage limit of N500,000 under the Nigeria Deposit Insurance Corporation (NDIC) guarantee, fully covers over 97per cent of depositors and engenders confidence in the Nigerian banking sector. Managing Director/ Chief Executive Officer NDIC, Hassan Bello, who disclosed this over the weekend

November 29, 2021

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 278

What Nigeria’s 15.10% Inflation Rate Drop Means

Foreign Exchange Update: Dec. 2, 2021

CBN Hints On How Banks Will Play Critical Roles In Growing Nigerian Economy

Nigerian External Reserves Dropped By $610m In November – CBN

FIRS Extends Deadline for Waiver Of Interest, Penalties On CIT

NGX Facilitates N6.71trn Financing In 2021

Africa Data Centres Begins $500m Investment Journey To Digital Transformation

Africa’s GDP To Grow By $420bn In 2025 Through AfCFTA Implementation – Experts

FG’s Capital Market Debt Servicing Gulps N2.18tn In 10 Months – Report

CIBN President Says eNaira ‘II Deepen Financial Inclusion

We Have 97% Of Bank Depositors Under Our Cover, NDIC Boasts

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