CBN: 30 Banks Meet Capital Requirements Ahead of Deadline
The Central Bank of Nigeria (CBN) has announced that 30 banks have met the new minimum capital requirements ahead of the March 31, 2026...
Naira Depreciates Further Against Dollar in Official, Parallel Markets
The naira weakened further against the dollar at both the official and parallel foreign exchange markets at the end of the second week. Latest...
IATA Admits United Nigeria Airlines into Global Clearing House
The International Air Transport Association (IATA) has admitted United Nigeria Airlines into its Clearing House (ICH), marking a significant step in the airline’s integration...
FAAN Announces Cash, Card Payment for Airport Toll Fees
The Federal Airports Authority of Nigeria (FAAN) has modified its cashless toll policy following a directive from President Bola Tinubu, after the rollout triggered...
Textile Industry Records 3.6% Drop in GDP Contribution in Two Years
Nigeria’s cotton, textile and garment industry continued its downward trend in 2025, with its contribution to Gross Domestic Product (GDP) declining to N4.384 trillion,...
IMF-Global Economy at Risk from Middle East Tensions
The International Monetary Fund (IMF) has warned that the ongoing Middle East war poses significant risks to global economic stability, citing potential disruptions to...
Petrol Prices to Rise as Dangote Refinery Hikes Ex-Depot Rate
Retail fuel prices are set to increase across Nigeria from Tuesday and Wednesday, March 3 and 4, 2026, following a fresh hike in the...
AEDC Promises Improved Power Supply in FCT, Three States by 2027
The Abuja Electricity Distribution Company has pledged to significantly reduce blackouts and electricity interruptions in the Federal Capital Territory, Niger, Kogi and Nasarawa states...
Naira Extends Losses at Official Market Despite Rising Reserves
The naira depreciated further against the dollar at the official foreign exchange market on Thursday, according to data from the Central Bank of Nigeria.
Figures...
Optiva Capital Unveils Citizenship Offer via $2.4bn Grenada Project
Optiva Capital Partners says the $2.4 billion Grenada National Resort — billed as the largest single investment in Grenada — is on track for...
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