The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that Nigeria has attracted over $8 billion in new energy investments.

Nigeria Assumes G-24 Chairmanship, Vows to Drive Global Economic Reforms   Nigeria has taken over the chairmanship of the Intergovernmental Group of Twenty Four (G-24), with a promise to drive inclusive global economic reforms. The announcement was made on Wednesday, October 15, through a series of posts...

CBN, Angolan Counterpart Ink Deal to Boost Regional Financial Stability   The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepening cooperation and strengthening regional financial stability through knowledge exchange, capacity development, and regulatory coordination. The agreement...

Reps to Summon CBN, Others Over Automotive Finance Scheme   The House of Representatives Committee on Industry has pledged to work towards improving access to affordable vehicle financing for Nigerians as part of efforts to strengthen the country’s automotive sector. To this end, the committee has pledged...

Naira Gains in Black Market, Slides at Official Window on Oct 15 The naira appreciated against the U.S. dollar on Wednesday, October 15, in the parallel market but slipped slightly at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the...

Reps to Question CBN, Banks over Arbitrary Charges The House of Representatives on Tuesday resolved to probe what it described as the “arbitrary, excessive, and unexplained” charges drawn from customers’ accounts by money deposit banks operating in the country. The resolution of the House was a...