FG Issues N136bn in Medium-term Bonds The Federal Government of Nigeria has successfully allotted a total of N136bn in its recently concluded five- and seven-year bond auctions, with marginal rates of 17.945 per cent and 18 per cent, respectively. According to...

CBN Orders Banks to Complete Payment System Upgrade by Oct. 31 The Central Bank of Nigeria has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement...

NAFDAC Receives ₦3.7bn Expired Drugs from Customs The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, on Tuesday, handed over three trucks of expired pharmaceuticals worth N3.7bn to the National Agency for Food and Drug Administration and Control. This was...

Tinubu Orders Temporary Ban on Export of Raw Shea Nuts to Boost Local Processing President Bola Tinubu has approved a temporary ban on the export of raw shea nuts in a move aimed at promoting domestic processing and strengthening Nigeria’s...

Capital Market Performance Reflection of Investor Confidence in Nigeria - Tinubu  President Bola Ahmed Tinubu has commended Nigeria’s capital market's remarkable growth since he assumed office over two years ago. He noted the phenomenal rise in market capitalisation and increased trading...

Naira Holds Firm Against Dollar in Black Market The naira maintained its position against the US dollar on Monday, August 25, in Nigeria’s parallel foreign exchange market. Traders in major cities such as Lagos, Abuja, Port Harcourt, and Kano reported a...