AfDB Becomes First International Shareholder in EBID with $30m Investment
The ECOWAS Bank for Investment and Development (EBID) has achieved a major milestone after the African Development Bank Group (AfDB)...
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Federal Government Partners Banks to Boost Revenue Collection Through Digital RevOp Platform
The Federal Government has intensified efforts to improve revenue generation and eliminate financial leakages by engaging commercial banks and other...
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Nigeria Fixed Income Market Records Strong Activity as Treasury Bills Dominate ₦1.85 Trillion Turnover
Nigeria’s fixed income market maintained strong performance on Wednesday, June 18, 2026, as investor activity remained high across government securities....
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Nigeria’s reserves have already reached around $50 billion and are approaching the CBN’s projected $51 billion year-end level
Nigeria’s gross external reserves rose to $50.886 billion as of June 16, 2026, placing the country within striking distance of...
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Federal Government Releases Guidelines for Transition to New Tax System
The Federal Government has released new transition guidelines to help taxpayers, tax authorities, businesses, and other stakeholders adapt smoothly to...
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NGX Introduces New Share Price Movement Thresholds to Boost Market Efficiency
The Nigerian Exchange (NGX) has introduced new thresholds for share price movements, marking a significant adjustment to its market operations...
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PenCom, NURTW Plan Pension Scheme for 9 Million Transport Workers
The National Pension Commission (PenCom) has begun discussions with the National Union of Road Transport Workers (NURTW) on a major...
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CBN Gives Banks and Fintechs Six Months to Keep Payment Data in Nigeria
The Central Bank of Nigeria (CBN) has directed all commercial banks and financial technology (fintech) companies operating in the country...
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IMF Reports Rising Use of Stablecoins in Nigeria as Crypto Inflows Hit $59 Billion
The International Monetary Fund (IMF) has revealed that more Nigerians are turning to U.S. dollar-backed stablecoins and digital payment platforms...
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CBN Launches New Overnight Rate to Boost Transparency and Attract Global Investors
The Central Bank of Nigeria (CBN) has introduced the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed...
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