Nigeria to Receive $2.2bn Loan from World Bank The Federal Government is looking forward to receiving around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the African Development Bank (AfDB). Minister of Finance, Wale Edun disclosed this during the...

How Naira Emerged World Best Performing Currency - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has explained why Naira made a remarkable rebound and emerged the world’s top-performing currency in April 2024. Cardoso made this remark in a press briefing on the sidelines...

First Bank Appoints Alebiosu Acting MD First Bank of Nigeria, one of the country’s oldest and most prestigious financial institutions, has made a sudden change in leadership with the appointment of Mr. Alebiosu as the acting Managing Director (MD), with effect from April 2024. The bank...

FG to Roll Out 2,700 CNG Buses, Tricycles Next Month The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. It said the federal government was set...

Nigerian Products will Add Value to your Markets - Tinubu Tells Korean Envoy President Bola Tinubu has said Nigeria's investment climate has been bolstered by critical new reforms, with an array of opportunities across sectors for investors. Speaking during the presentation of a letter of credence...

Nigeria's Economy May Drop to Fourth Largest in Africa – IMF Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook as...