Nigeria’s Digital Infrastructure Inadequate to Support Transition - W’Bank The World Bank says has pointed Nigeria’s digital and financial infrastructure is inadequate to support a swift transition to a cashless economy. The bank stated that this was one of the reasons the Central Bank of Nigeria’s...

Naira Appreciates by N763/$ at CBN Window The naira has appreciated by 0.68 per cent against the United States dollar on the Investor & Exporter forex window. The local currency closed at N763/$ on Tuesday, compared to N768.17/$ at the close of trading on Monday. There was...

EXPOSED: CBN, NSA Involved in $616m Dark Dealings under Buhari's Administration   The Central Bank of Nigeria (CBN) made multiple transfers totalling $616 million to the office of the National Security Adviser (NSA) between August 2016 and November 2018 in a rare practice that exposes the...

FG Deploys More Mini-grids to Increase Power in Rural Areas The Federal Government has increased the deployment of mini-grids to boost power supply in rural communities and help cushion the effect of the recent removal of subsidy on Premium Motor Spirit, popularly called petrol. It disclosed...

Debt Servicing Rises to N1.24tn in Q1 2023 – Report The Debt Management Office report has shown that Nigeria’s debt servicing cost increased by 55.71 per cent to N1.24tn in three months. According to data obtained from the Debt Management Office, between October and December 2022,...

World Bank Approves Fresh $500m Loan for FG The World Bank Group has approved a loan of $500m to help drive women’s empowerment in Nigeria. This became the second loan approved by the World Bank under the new President, Bola Tinubu. It is a scale-up financing for...