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The International Monetary Fund (IMF) has urged caution in managing external loans as Nigeria’s federal government secures a $6 billion facility to accelerate infrastructure development in transport and energy sectors. Approved from a consortium of international lenders, the funding aligns ...

Following the completion of the banking sector recapitalisation exercise, the Central Bank of Nigeria has commenced a stricter phase of regulatory oversight, directing banks to comply with a strengthened risk-based capital framework anchored on stress testing. The apex bank had ...

Nigeria’s crude oil output has climbed to 1.84 million barrels per day, marking a notable rebound in production, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The development was disclosed during a meeting on Friday between the commission’s Chief ...

Shareholders of AIICO Insurance Plc are expected to receive a dividend payout of N4.39 billion for the year ended December 30, 2025, as the company continues to demonstrate its commitment to delivering value to its investors. The Company end year ...

Nigeria’s foreign reserves dropped by $840 million over 13 straight days to $49.18 billion, even as the naira held relatively steady in a shortened trading week and crude oil prices firmed. Data from the Central Bank of Nigeria (CBN) showed ...

The Nigeria Sovereign Investment Authority (NSIA) has unveiled plans to deepen its role in financing large-scale infrastructure projects, working closely with the World Bank to establish a new integrated funding platform aimed at unlocking critical investments across key sectors of ...

With the recapitalisation deadline of the Nigerian banking industry now concluded, analysts have called for a cut in the Cash Reserve Requirements (CRR) for banks to allow banks effectively mediate and provide the needed funding for the private sector to ...

The ECOWAS Bank for Investment and Development (EBID) has committed fresh funding of $241.6 million to Nigeria, targeting critical infrastructure projects spanning transport and urban environmental management. The financing formed part of a wider $266.7 million and CFA30 billion package ...

The Oyo State government, in partnership with First City Monument Bank (FCMB) and the Mastercard Foundation, has disbursed N1.5 billion in collateral-free loans to 1,000 young agripreneurs to boost food production and support youth-led businesses. The funding, delivered under the ...

The trade volume between Nigeria and China has surpassed $28 billion as both countries strengthen bilateral relations built on mutual respect, non-interference, and shared development aspirations. Indications to this development emerged when the Chinese Ambassador to Nigeria, Yu Dunhai paid ...