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Naira Closes at N1,599 per Dollar in Official Market

The Naira appreciated against the US dollar on Monday, closing at N1,599.00/$1 in the official market.

Avoid Illicit Recapitalisation Funds, CBN Warns

The Central Bank of Nigeria (CBN) has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise.

OPEC Revises Oil Demand Growth Forecast Over US Tariffs

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy.

Japan Grants Nigeria $30 Million for Start-Up Hub in Abuja

Japan Grants Nigeria $30 Million for Start-Up Hub in Abuja In a major boost to Nigeria’s digital economy, the Japan International Cooperation Agency (JICA) and the Federal Government of Nigeria have signed a $30 million grant agreement to establish Start-Up Hubs in Abuja. The landmark...

Operating Unregistered Digital Trading Illegal – SEC

The Securities Exchange Commission (SEC) has outlawed unregistered operations of digital asset exchanges and online foreign exchange (FX) trading platforms under the new Investments and Securities Act (ISA) 2025.

Crude Oil Output Drops to 1.4mbpd in March

Nigeria’s average daily crude output has fallen again in March, threatening the nation’s budget. This is coming at a the time the world battles global crude price crash,