How CBN's Youth-friendly Policies will Drive Economic Growth - Cardoso   The Central Bank of Nigeria (CBN) has pledged to develop different youth-friendly credit policies and capacity-building programs to encourage innovation and foster economic growth. At the Youth Action Event in Abuja on Friday, the CBN Governor,...

Nigerian Stock Market Records N1.95trn Gain in January   Despite cautious trading sentiment among investors, the Nigerian stock market experienced a remarkable surge in January 2025, with its market capitalization increasing by a significant N1.95 trillion. This emerged as the Minister of Finance and Coordinating Minister of...

CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...

NAICOM Unveils Revised Annuity Regulations for Insurance Operators   In a move to strengthen the annuity market and ensure greater transparency, the National Insurance Commission (NAICOM) has introduced new regulations governing annuity business, effective February 1, 2025. An annuity is a contract between you and an insurance...

NLC Suggests 5% Telecoms Tariff Increase, Vows to Proceed with Protest   The Nigeria Labour Congress (NLC) has strongly rejected the Nigerian Communications Commission's (NCC) approved 50% telecom tariff hike, calling it "unjust" and a huge burden on Nigerians already struggling with economic hardship. The country’s labour...

NNPC, Marketers Import 633m Litres of Fuel to Address Domestic Shortfall   In a move to address the domestic fuel shortage, the Nigerian National Petroleum Company Limited (NNPCL) and other downstream oil sector marketers brought in a substantial volume of petroleum products in January 2025. The latest...