The tightening of the Central Bank of Nigeria’s (CBN) monetary policy has lead to a lack of liquidity in the banking system. As a result, in just three weeks in June 2024, several Nigerian banks and merchant banks have borrowed an estimated N3.76 trillion from the CBN to cover their daily obligations. 

President Bola Tinubu has approved the appointment of Mr. Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate. 

Citing Nigeria's current economic hardship, Retail Supermarkets Nigeria Limited, the company that owns Shoprite and Freshmark, has announced its plans to close its business activities at Novare Wuse Central Mall, Abuja. 

According to the United States Agency for International Development (USAID), it has awarded 26.6 million dollars in co-investment grants to 33 companies in Nigeria through its global hunger and food security initiative.  

The Agence Française de Développement (AFD) Group, a public financial institution that implements French Government policies, will be commemorating its 15th year of working with Nigerian agencies and the populace to make a necessary impact in the Nigerian economy. 

The National Association of Nigerian Students (NANS) is urging the Federal Government to take immediate action to protect the Dangote Refinery from the threat posed to it by International Oil Companies (IOCs) to its operations.