The Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), designed...
The ongoing debate among FBN Holdings Plc shareholders regarding the proposed N350 billion private placement has sparked discussions on corporate governance and transparency. However, some shareholders...
A Federal High Court has issued a series of orders, including Mareva injunctions, to freeze assets and accounts linked to General Hydrocarbons Limited, its affiliates, and...
The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for the extension of export proceeds repatriation for exporters. A circular dated January...
The Securities and Exchange Commission (SEC) has announced plans to strengthen the regulatory framework for borrowing by governments and corporate entities in Nigeria. SEC’s Director-General, Dr....
Guaranty Trust Holding Company Plc (GTCO) has announced plans to attract foreign institutional investments in the second phase of its recapitalisation programme in 2025. This follows...
The China Development Bank (CDB) announced on Tuesday that it has approved a loan of $254.76 million (€245 million) for the Kano-Kaduna railway project in Nigeria....
Landmark Group has secured waterfront land in Port Harcourt, in partnership with the Rivers State Government, to redevelop the once-popular Port Harcourt Tourist Beach into a...
Nigeria’s foreign exchange (FX) reserves have increased by $591.78 million in the month following the government’s $2.2 billion Eurobond auction on December 2, 2024. The reserves...
The Dangote Petroleum Refinery retained 13% of Nigeria’s crude oil exports as domestic supply in 2024, according to a new report by Reuters. This development increased...
