CBN Confirms $42.01 Billion Reserves Can Finance Over Nine Months of Imports in 2025
CBN Governor has confirmed Nigeria’s $42.01bn reserves can finance imports for over nine months in 2025, bolstering economic stability and resilience.
CBN Governor has confirmed Nigeria’s $42.01bn reserves can finance imports for over nine months in 2025, bolstering economic stability and resilience.
Nissan and Honda have confirmed discussions on closer collaboration but deny merger reports.
DMO’s Patience Oniha and AfDB’s Kevin Urama have called for an African credit rating agency to tackle systemic global bias.
EXCERPT: Sanwo-Olu has commended Keystone Bank’s positive community impact and praised its leadership at the customer appreciation dinner in Lagos. Lagos State Governor Babajide Sanwo-Olu has lauded Keystone Bank for its
NNPC’s Soneye stated the $1bn crude-backed loan supported Dangote Refinery during liquidity challenges, enhancing Nigeria’s refining capacity and energy sector.
Nigeria’s inflation hits 34.6%, with food prices soaring, impacting households across the nation amid economic strain.
Bitcoin has surged past $106,000 following Trump’s election victory, fueled by optimism over the incoming administration’s cryptocurrency-friendly stance.
A Japanese delegation has hailed Dangote Refinery as a global marvel, citing its technological advancements and export-ready petroleum products.
CBN has announced N150m fines per branch for banks aiding illegal mint naira note distribution to currency hawkers.
FirstBank has dismissed allegations of a N7 billion fraud, describing the claims as unfounded and lacking any factual basis
CBN has reiterated old Naira notes remain legal tender indefinitely, following Supreme Court ruling allowing concurrent circulation of all denominations.
Femi Adegolu has said Bitcoin reserves could help fight inflation and reduce dollar dependency, offering Nigeria a path to economic sovereignty
Naira has strengthened to N1,700 in the parallel market, gaining N20, while official market rose to N1,535
Nigerian government has outlined policy frameworks and Cape Town Convention compliance to ensure longevity for Nigerian airlines.
Access Bank has acquired Bidvest Bank to strengthen its South African presence and solidify its pan-African growth strategy.
Seplat Energy has finalised ExxonMobil’s MPNU acquisition, set to double production capacity and pledging growth, profitability and national prosperity.
Ekiti Agro-Allied International Cargo Airport has received approval to commence non-scheduled flight operations.
Festus Keyamo has inaugurated NCAA Flight Data Centre to improve safety regulations in Nigeria’s aviation sector.
FAAN has announced it remitted N218.3bn in IGR and N352.3m in stamp duty to the Federation Account between 2020-2024
Dangote Refinery has exported first petrol consignment to Cameroon, enhancing regional energy integration and fostering economic growth.
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