Nigeria
Nigeria Aims for $79 Billion in Exports Through AfCFTA Framework
Nigeria has set its sights on unlocking an export market worth up to $79 billion by leveraging the African Continental Free Trade Area ...
Nigeria
US, Nigeria Export-Import Banks Sign MoU to Strengthen Trade
The Export-Import Bank of the United States (EXIM) and the Nigerian Export-Import Bank (NEXIM) have signed a landmark memorandum of understanding (MoU) aimed ...
Nigeria
Nigeria: FAAC Revenue Drops by ₦303 Billion in December
The Federal Government, states, and local government councils shared ₦1.424 trillion as revenue for December 2024, marking a notable decline of ₦303 billion, ...
News
Nigeria: Interbank Rates Drop as Banking System Liquidity Deficit Eases
The liquidity deficit in Nigeria’s banking system moderated significantly, closing at ₦190.50 billion on Thursday, down from ₦249.3 billion reported earlier in the ...
Nigeria
Nigeria: FG Targets N1.8tn from Bond Market in Q1 2025
The Federal Government aims to generate N1.8tn from the bond market in the first quarter of 2025, as revealed by the Debt Management ...
Innovation
Nigeria: CBN Launches Digital Initiatives to Transform Financial Transactions
The Central Bank of Nigeria (CBN) has introduced two groundbreaking digital initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies ...
Fintech
Global: LemFi Raises $53M to Expand Cross-Border Remittance Services Across Europe
Nigerian fintech company LemFi has secured $53 million in a funding round led by Left Lane Capital, with participation from Y Combinator, Palm ...
Nigeria
Nigeria: Bureau De Change Operators Struggle as CBN Recapitalisation Deadline Approaches
Nigeria’s Bureau De Change (BDC) operators are navigating significant challenges in their bid to meet the Central Bank of Nigeria’s (CBN) revised capitalization ...
Nigeria
Nigeria: FCCPC and NCC Sign MoU to Enhance Telecoms Regulation and Consumer Protection
The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding (MoU) to strengthen ...
News
Nigeria: World Bank Pledges $500 Million for Nigeria’s Ambitious Fibre Optic Network Expansion
The World Bank has committed $500 million to support Nigeria’s ambitious plan to expand its fibre optic network by 90,000 kilometers. This development, ...