Hafsat Ibrahim

NELFUND Disburses N116bn as One Million Student Apply for Loan

NELFUND Disburses N116bn as One Million Student Apply for Loan The Nigerian Education Loan Fund (NELFUND) has announced that it has recorded over one million student loan applications since the official launch of the scheme on May 24, 2024. It...

Deposits in CBN Jump 395% to N198trn

Banks’ deposit with the Central Bank of Nigeria, CBN, in form of Standing Deposit (SDF) grew by 395.8 percent, YoY, to N198.08 trillion in the first ten months of the year (10m’25) from N39.95 trillion in the corresponding period of 2024 (10m’24), reflecting excess liquidity in the banking system.

Stock Market Investors Gain N7.25trn in October

Stock market investors on the Nigerian Exchange Limited, NGX, have gained over N7.25 trillion in one month, as market capitalisation, which measures the total value of stocks listed on the Exchange, closed in October at N97.83 trillion from N90.580 trillion in September 2025.

15% Tariff: Imported Petrol Landing Cost Drops to N829/litre

15% Tariff: Imported Petrol Landing Cost Drops to N829/litre The average landing cost of imported premium motor spirit has dropped to N829.77 per litre, a price lower than the ex-depot price of the fuel produced locally. According to a report by...

FG Pledges Stakeholder Consultation Ahead Tax Reforms Implementation

FG Pledges Stakeholder Consultation Ahead Tax Reforms Implementation The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured that the Federal Government will maintain open consultation with business leaders and stakeholders ahead of the implementation of...

Nigeria’s Foreign Reserves Surge by $540.28m in Two Weeks 

Nigeria's Foreign Reserves Surge by $540.28m in Two Weeks  Nigeria’s external reserves climbed by $540.28 million in the last two weeks of October, rising from $42.63 billion recorded on October 13 to $43.17 billion on October 30, 2025, according to...
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