AfDB Grows Capital from $93bn to $318bn in 10 years as Adesina Bows Out The African Development Bank (AfDB) recorded a surge in capital growth, expanding by 241.9% over the past decade. This is just as the institution prepares for a leadership transition this week with...

CBA: FMBN Banking App to Ease Mortgage Access, Avoid Glitches - Experts Experts and real estate practitioners have been assessing the newly launched core banking app by the Federal Mortgage Bank of Nigeria (FMBN), saying it has the potential to ease access to mortgage. This is...

Electricity Subsidy Debt Rises 2.7% to N982bn in Five Months The Federal Government’s outstanding debt to electricity distribution companies in subsidy payments increased by N5.3bn or 2.7 per cent in the first five months of 2025 to N982.4bn. It surged from N196.44bn to N201.75bn, pushing the...

Nigeria's Crude Export Revenue Declines 17% to $6.68bn in Two Months - Report  Nigeria’s revenue from crude oil export fell by 17 per cent in the first two months of the year to $6.68 billion driven by lower price of the commodity. The data analysis on...

Tinubu Seeks NASS Approval for Fresh Loans of $21.5bn, €2.19bn, ¥15bn, €65m Grant President Bola Ahmed Tinubu has formally requested the approval of the National Assembly (NASS) for $21.5 billion External Borrowing Plan for 2025-2026 as well as a $2 billion Foreign Currency Denominated Bond...

Naira Strengthens Against Dollar in Official, Parallel Markets ‎The naira appreciated marginally against the US dollar on Tuesday, gaining ₦2.33 in both the official and parallel markets. ‎A source at the Abuja black market told Economic Confidential that as of May 27, the naira was trading...