Naira Appreciates to N1,640 per Dollar in Parallel Market The Naira has appreciated to N1,640 per dollar in the parallel market from N1,655 per dollar on Monday. According to data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the Nigerian...

Nigeria's 10-Year Bond Offers 22.6% Yield The Debt Management Office (DMO) opened a new 10-year tenured bond at 22.60 percent, the highest yield and coupon rate on record for FGN bonds. The 10-year bond, also referred to as the (Jan-2035), is a new FGN bond that...

Nigeria Lands $1.1bn AfDB Deal to Power 5m People by 2026 Nigeria President Bola Tinubu has acknowledged securing a $1.1 billion fund from the African Development Bank (AfDB) for the provision of electricity for 5 million people by the end of 2026. Tinubu also stated that...

Nigeria’s Real Estate Market Projected to Hit $2.25tn in 2025 The Minister of Housing and Urban Development, Ahmed Dangiwa, has urged foreign investors at the Saudi Real Estate Forum to seize the vast opportunities within Nigeria’s housing sector, particularly through the Federal Government’s Renewed Hope...

Why Dangote will Receive 12m barrels Crude from USA – Report The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States, the Africa Report reported on Monday. The refinery resorted to crude importation as local supply challenges hindered...

CBN Waives BDC Licence Renewal Fee The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect. This is in furtherance to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in...