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Cardoso: Foreign Investors Pump $706m into Nigeria’s Banking Recapitalisation

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has explained the rationale behind the $706.84 million foreign capital inflow into Nigeria.

FINAL PHASE: ₦4.05tn Raised as 20 Banks Meet CBN Recapitalisation Threshold

Nigeria’s banking sector recapitalisation programme has entered its decisive phase, with a total of ₦4.05 trillion in verified capital raised.

Nigeria Wins $6.2m Arbitration Case Against European Tech Firm

Nigeria has secured a major legal victory in an international arbitration dispute, defeating a $6.2 million claim filed by European technology contractor, European Dynamics UK Ltd, over a national e-procurement project.

Dangote Refinery to List Shares for Nigerians in 5 Months

Aliko Dangote has announced that ordinary Nigerians will be able to buy shares in the Dangote Refinery within the next four to five months, as the company prepares for listing.

Capital Market Contribution to GDP Now 33% – SEC

Nigeria’s capital market now contributes 33% to GDP, with total market capitalisation rising to ₦123.93 trillion, up 125% from ₦55 trillion in April 2024, according to the Securities and Exchange Commission (SEC).

Foreign Investment in Manufacturing Falls 54% Despite Capital Surge

Foreign investment in Nigeria’s manufacturing sector fell 54.11% in the first nine months of 2025, despite a sharp rebound in overall capital inflows, according to National Bureau of Statistics (NBS) data.