Category: Business and Economy
CBN removes cash deposit limit for bank customers, raises weekly withdrawal limit
The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limits across all channels to N500,000 ... Read More
Nigeria’s economy grows 3.98% in Q3 2025, driven by agriculture, ICT, finance, NBS says
The economy of Nigeria expanded by 3.98% in the third quarter of 2025, slightly up from 3.86% in the same period of 2024, according to ... Read More
FG exceeds 2025 borrowing target by 55.6%
The Federal Government (FG) has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year. This represents N6.06 trillion ... Read More
Trump’s threat sparks massive sell-offs in Nigerian stock market as investors lose N2.8tn
The Nigerian stock market recorded a significant downturn in the last five days as investors at the Nigerian Exchange Limited, NGX, lost a massive N2.8 ... Read More
World Bank to review Nigeria’s fresh $1bn loan request on December 16
The World Bank has scheduled December 16 as the tentative approval date for Nigeria’s request for a new $1 billion Development Policy Financing (DPF) facility under a fresh initiative titled “Nigeria Actions ... Read More
Fresh fuel price increase imminent as Tinubu approves 15% import duty on petrol, diesel
A fresh fuel price hike looms as President Bola Tinubu has approved a 15% ad valorem import duty on automotive gas oil (diesel) and premium ... Read More
Nigeria exits global money-laundering watchlist
Nigeria’s President Bola Tinubu has described the country’s removal from the Financial Action Task Force (FATF) “grey list” as a strategic victory for the nation’s ... Read More
Stock markets bounce back as China-US trade tensions ease
Equity markets rose on Monday after conciliatory comments from Donald Trump at the weekend eased worries about China-US trade tensions, while Tokyo stocks surged to ... Read More
Nigeria missing as Benin Republic, Uganda make list of fastest-growing economies in Africa
Nigeria missing as Benin Republic, Uganda make list of fastest-growing economies in Africa The International Monetary Fund (IMF) has excluded Nigeria from its latest list ... Read More
World Bank dismisses Nigeria’s single-digit inflation target
The World Bank has said the Federal Government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a ... Read More