CBN Grants Final Approval to Ascensia to Operate as Finance Company in Nigeria
CBN has granted a finance company licence to Ascensia, warning it could be revoked over regulatory breaches, false claims.
CBN has granted a finance company licence to Ascensia, warning it could be revoked over regulatory breaches, false claims.
Nigeria’s recent GDP growth of 3.4 per cent, the strongest since 2014, has earned commendation from the World Bank.
NMDPRA’s Ahmed has blamed global crude price slump on US President Trump’s aggressive and inconsistent tariff policies since taking office.
Boeing shares fall as China halts jet deliveries, escalating trade tensions between the world’s two largest economies
Nigeria has signed Bilateral Air Services Agreement with Trinidad and Tobago to enhance air connectivity between West Africa and the Caribbean.
CBN has emphasised the importance of bank recapitalisation to fund Nigeria’s goal of achieving a $1 trillion economy by 2030.
AVCA report reveals Africa secured 487 VC deals worth $3.6 billion in 2024, with Nigeria maintaining continental lead.
CBN urges local manufacturers and exporters to explore financing options from government agencies to ease pressure on the naira.
CBN has reaffirmed commitment to SME growth, citing the sector as key to Nigeria’s economic advancement and global recognition.
A major system malfunction affected several Nigerian banks, leading to unauthorised withdrawals totalling over N4 billion.
Oando has reported that three sabotage attacks hit its pipelines in Bayelsa, deploys emergency response and investigation teams.
Fitch has upgraded Nigeria’s credit rating to ‘B’, citing policy reforms, forex market stabilisation, and inflation control.
Nigeria and Japan have signed a $30.9m MoU to fund innovation hubs and invest in social problem-solving start-ups.
The FG has set up an EMT sub-committee to review the impact of US tariffs and global commodity price shifts.
NUPRC has reported that Nigeria’s oil reserves dropped to 37.28bn barrels while gas stock rose to 210.54TCF in 2025
FG has begun construction of a Special Agro-Industrial Processing Zone in Calabar, aiming to boost agriculture, job creation, economic diversification.
NNPC has reported 72% completion of $2.8 billion AKK gas pipeline project in Q1, 2025, boosting Nigeria’s energy sector.
NERC has fined eight Discos N628 million for overbilling unmetered customers, violating estimated billing caps set by the Commission.
JP Morgan warns that continued oil price slump below $60 may push Nigeria’s current account into deficit within months.
The FG has said the annual $4bn garment import bill is unsustainable, is targeting the revival of the local textile sector.
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