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Aggregate Forex Inflows Fall to $9.63bn

Nigeria’s total foreign exchange inflows fell to $9.63bn in January 2025, down from $10.17bn in December 2024, according to the latest Economic Report released by the Central Bank of Nigeria (CBN) on April 17.

Electricity Customers Owe DisCos N497bn in 2024

Electricity consumers across the county owed the 11 electricity Distribution Companies (DisCos) N497.4bn debt in 2024.

Nigeria’s Trade Surplus Rises 107% to $2.2bn – CBN

The Central Bank of Nigeria, CBN, said Nigeria’s trade surplus reached $2.2 billion in January 2025, rising by 107.5 percent month-on-month (MoM) from $1.06 billion in December 2024.

Jimoh Ibrahim Joins University of Cambridge Senate

Jimoh Ibrahim Joins University of Cambridge Senate Senator representing Ondo South, Senator Jimoh Ibrahim, has joined the Senate of the University of Cambridge, England. With his membership of the university senate, Senator Ibrahim will vote in the upcoming election for the next Chancellor of the University,...

Prof. Gwarzo Donates 7-Storey Building to North-West Development Commission for Head Office

Prof. Gwarzo Donates 7-Storey Building to North-West Development Commission for Head Office The President and Founder of the MAAUN Group of Universities, Prof. Adamu Abubakar Gwarzo, has donated a 7-storey building to the North-West Development Commission (NWDC) for use as its temporary Head Office in...

CBN Issues Warning to BDCs Against Money Laundering

CBN Issues Warning to BDCs Against Money Laundering   The Central Bank of Nigeria (CBN) has warned Bureau De Change operators across the country of severe sanctions for failing to comply with anti-money laundering and terrorism financing regulations. In a circular dated April 17, 2025, and signed...