Economy
FG Bans MDA’s for Locally Available Goods to Boost Naira, Economy
President Bola Tinubu has ordered all Ministries, Departments, and Agencies (MDAs) to immediately stop procuring foreign goods and services that...
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Naira Depreciates at Official Market, Ends Week on a Negative Note
The Naira closed the week with a significant drop against the US Dollar at the official foreign exchange market on...
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Salad Africa Partners with Glovo to Launch Innovative SME Financing Program in Nigeria, Provide Up to N100 Million Loan For SMEs
Salad Africa, a rising fintech company specializing in embedded lending infrastructure, has announced a strategic partnership with Glovo, a leading...
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FIRS Directs Banks to Close Unauthorized Tax Collection Accounts
The Federal Inland Revenue Service (FIRS) has ordered all banks in Nigeria to immediately identify and close any tax and...
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Lagos Govt to Launch Water Taxis Before End of 2025, Begins Dredging of Routes
The Lagos State Government is set to introduce water taxis before the end of 2025 as part of its efforts...
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Nigeria Unveils Unified Digital Identity System to Expand Financial Access and Curb Fraud
Nigeria has officially launched a comprehensive, unified digital identity system that is revolutionizing access to financial services while enhancing security...
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CBN Directs Banks to Adopt PAPSS for Transaction Processing
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and...
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CBN Raises N1.008 Trillion in Oversubscribed OMO Auction Amid Inflation Fight
The Central Bank of Nigeria (CBN) raised N1.008 trillion at its Open Market Operations (OMO) auction on Friday, April 25,...
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Nigeria Accounts for 15% of the World’s Poorest, says World Bank
According to the World Bank’s April 2025 Africa’s Pulse report, Nigeria is home to 19% of the extremely poor population...
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Cross River to Benefit From Nigerian Govt N200B MSME Grant and Loan Scheme
Cross River State has thrown its weight behind the Federal Government’s ₦200 billion Presidential Grants and Loans Scheme for Micro,...
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