CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM). On December 20 2024 CBN granted BDC...

SERAP to FG: Probe Missing N26bn in Petroleum Ministry Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly probe allegations that...

Naira Appreciates by 4.14% at Official Market Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. According to data from the FMDQ Securities Exchange Limited and the...

PTAD Clears Pension Arrears Worth N1.18bn The Pension Transitional Arrangement Directorate (PTSD) has cleared a total of N1.18bn in pension arrears over the past five years, from 2020 to 2024, according to data obtained from BudgIT’s accountability platform, GovSpend, on Sunday. These payments benefitted thousands of...

Nigeria Set to Boost Non-Oil Exports in 2025 With earnings of over $5.456 billion in the non-oil sector in 2024, the Federal Government is intensifying efforts to improve the country’s exports in 2025. According to the outlook of the Ministry of Industry, Trade and Investment (FMITI),...

SEC Commits to Closing Financial Gap for Women The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensuring that women—whether traders, entrepreneurs, professionals, or investors—have equitable access to financial services, investment opportunities, and the necessary tools to build sustainable wealth. Speaking at the She’s...