The Development Bank of Nigeria (DBN) announces disbursement of over N1 trillion to support micro, small, and medium enterprises (MSMEs).

‎Naira Rebounds to ₦1,620/$ in Parallel Market ‎The naira strengthened across both the parallel and official foreign exchange markets on Friday, reflecting renewed confidence in the local currency. ‎A source at the Abuja black market told Economic Confidential that as of May 16, the naira was...

BUA Chairman Lauds Tinubu's Vision for Food Price Drop   The Chairman of BUA Group, Alhaji Abdul Samad Rabiu, says President Bola Tinubu’s foresight in introducing a duty waiver for essential food items last year has crashed the prices of essential food items. Rabiu said this while...

China-Nigeria Expo to Enhance Bilateral Trade   Nigeria and China are set to strengthen trade relations through the 2025 edition of the China Commodities Expo-Nigeria, with over 250 Chinese manufacturers and more than 5,000 business representatives expected to participate. According to a statement, Brightway International Exhibition,...

Modular Refineries Decry Exclusion from Naira-for-Crude Initiative   The Crude Oil Refiners Association of Nigeria (CORAN) has faulted the Technical Sub-Committee of the Crude and Refined Product Sales in Naira over the continued exclusion of modular and smaller local refiners from ongoing discussions on the...

MDAs Get New Procurement Guidelines from FG   The Bureau of Public Procurement (BPP) on Thursday announced a comprehensive revision of public procurement thresholds for federal Ministries, Departments, and Agencies, aimed at reducing bureaucratic delays and improving efficiency in contract awards. In a press statement by...