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Central Bank of Nigeria (CBN) has introduced a non-resident Nigerian Investment Account (NRNIA) and Non-Resident Nigerian Ordinary Account (NRNOA) to manage funds (both in foreign and local currencies) from Nigerians in diaspora. The apex bank disclosed this on Friday in a ...

The Nigerian equities market has shown remarkable resilience in 2024, despite ongoing economic challenges such as high inflation and rising interest rates. The market posted an impressive gain of N21.845 trillion, defying mixed economic signals that influenced investor sentiment in ...

Minister of the Federal Capital Territory (FCT) Nyesom Wike has listed his administration’s accomplishments over the past 12 months and pledged increased attention to security, transportation, and infrastructural development in 2025. In a New Year message he signed, Wike thanked residents for ...

Lasaco Assurance Plc has urged its customers, claimants and stakeholders with outstanding claims yet to be finalised by the company to come forward with the necessary documents for prompt resolution.This, the insurer said, was part of its commitment to ensuring ...

Six years after the initial agreement to a currency swap deal, China’s central bank, People’s Bank of China has renewed its bilateral currency swap agreement with the Central Bank of Nigeria to the tune of N3.28 trillion naira or 15 ...

Indigenous oil company Oando Plc, has said that with the support of the Nigerian National Petroleum Company Limited (NNPC) it expects a robust oil production will increase to over 100,000 barrels of oil per day and 1.3-1.4 billion cubic feet ...

The Securities and Exchange Commission (SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise. The director-general of SEC, Dr. Emomotimi Agama stated this at the yearly ...

The  African Guarantee Fund (AGF) and Nigeria’s Bank of Industry (BOI) have signed a $50million Loan Portfolio Guarantee framework in a bid to provide financial and business support services to enterprises in the country. The agreement that was signed at the Africa Investment Forum ...

The value of the naira appreciated by nearly N100 and over five per cent in the course of the just ended week as speculators are wary of which way the value of the currency will go in the wake of ...

The National Pension Commission (PenCom) has announced the release of N44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriated for the payment of retirees from public service for the ...