Govt Targets N200bn Capital Base for New Cooperative Bank Launch
The Federal Government is seeking to raise N200 billion in capital for the establishment of a new Cooperative Bank, a ...
Tag: Nigeria Economy
Oluwo Praises Dangote Refinery, Says It Helped Prevent Higher Fuel Prices in Nigeria
The Oluwo of Iwo, Oba Abdulrosheed Akanbi, has praised businessman Aliko Dangote for the impact of the Dangote Petroleum Refinery ...
FAAC Distributes N2.3 Trillion to Federal, State and Local Governments for May 2026
Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the three tiers of government as ...
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 ...
Nigeria’s Foreign Reserves Hit 17-Year High, Surpass $50 Billion
Nigeria’s foreign reserves have reached their highest level in 17 years, signaling stronger confidence in the economy and reflecting the ...
Nigeria’s Petrol Imports Surge 59.5% in May Despite Refinery Growth
Nigeria’s petrol imports rebounded sharply in May 2026, rising 59.5% month-on-month despite increasing output from domestic refineries, underscoring the complexities ...
FAAC Distributes N2.3 Trillion to Federal, State and Local Governments as Revenue Rises
The Federation Account Allocation Committee (FAAC) has shared a total of N2.3 trillion among the Federal Government, the 36 state governments, and ...
Sterling HoldCo Secures Approval for $400M Capital Raise Plan
Sterling HoldCo has secured shareholder approval for a $400 million capital raise, marking a significant step in the company’s efforts ...
FG Dismisses Reports of New Telecom and Fuel Taxes
The Federal Government has denied reports claiming it plans to introduce new taxes on telecommunications services and petroleum products, describing ...
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 ...
