CBN Introduces New Account Options for Non-resident Nigerians The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs). Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident...

Fuel Prices may Soar as Crude Oil Nears $80/barrel The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined...

Nigeria Attracts $7.6bn Investments at Africa Forum Nigeria has secured $7.6bn in investment interests at the Africa Investment Forum 2024, which took place in Rabat, Morocco, from December 4 to 6, 2024. The announcement was made by the President of the African Development Bank (AfDB), Akinwumi...

Experts Reveal Factors Threatening SMEs’ Survival  Economic experts have raised the alarm that Nigeria’s forex policies and the weak naira are endangering the survival of Small and Medium Enterprises, posing a severe threat to the nation’s economic stability. According to them, Nigeria’s foreign exchange policies and...

Power Outage: TCN Explains Cause of Saturday's Disruption The Transmission Company of Nigeria (TCN) has debunked reports of a national grid collapse, which allegedly occurred on Saturday. According to TCN, the claims of a grid collapse are inaccurate. In a statement released on Saturday, TCN's General...

‎Tinubu Wants Increase in $2bn Currency Deal with China ‎President Bola Tinubu made a strong case for strengthening Nigeria's economic ties with China on Thursday, urging the Chinese government to increase the $2 billion currency swap deal between the two nations. This move aims to...