Economy

In 2024 alone, Nigerians abroad sent home nearly $21 billion. About half of that came from the UK. That’s not...

The naira appreciated by 0.34% in the official foreign exchange market on Tuesday, closing at N1,599/$1—up from the previous rate...

This surge is a blow to household incomes and the economy at large

The Central Bank of Nigeria has warned banks to avoid using illicit funds to raise their capital amidst the ongoing...

FSD Africa Investments (FSDAi), the UK-backed specialist development finance investor, is investing GBP(£)10 million into ARM-Harith’s Climate and Transition Infrastructure...

Xago, a crypto fintech company providing payment solutions and exchange services built on the XRP Ledger, has announced a major...

The naira began the week on a softer note, closing at N1,604.48/$1 in the official foreign exchange market on Monday....

The Nigerian Exchange (NGX) Group Plc has approved a final dividend of N2 per ordinary share of 50 kobo each...

In search of greater stability and opportunities, many Nigerians continue to migrate to countries like the United States and the...

The UK government’s MOBILIST programme is investing NGN9.5 billion ($6 million) in InfraCredit, Nigeria’s first and only domestic creditor guarantor,...

…Expanding East African Presence

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as...

The naira experienced a turbulent week, continuing its decline against the dollar and closing at N1,604/$1 on Friday — a...

The African Development Bank (AfDB) has reaffirmed its commitment to mobilising $2.2 billion for the second phase of the Special...

The naira appreciated in the official market on Thursday, closing at N1,591.85/$1, a 2.34% improvement from the previous day's close...