By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has refuted the report that it allocated $1.269 billion foreign exchange for the importation of petroleum products in the first quarter of the year.“It said in a statement yesterday that the report was misleading and inaccurate. “The Central Bank of Nigeria (CBN) has noted […]

By Providence Ayanfeoluwa The Abia State Government has announced plans to leverage the forthcoming Abia–Turkiye Investment Summit and Product Exhibition to attract investors and unlock opportunities across key sectors including manufacturing, agriculture, textiles, energy, and infrastructure. The event, themed “Bridging Continents, Unlocking Prosperity,” is scheduled to hold from November 25 to 27, 2025, at the […]

…As credit to economy falls  5% to N96.7trn By Elizabeth Adegbesan Nigeria’s Money Supply (M²) dropped by 1.58 percent month-on-month (MoM) to N117.8 trillion in September 2025, from N119.7 trillion in August 2025, driven by a five per cent decline in banks’ credit to the economy.  The Central Bank of Nigeria’s, CBN, disclosed this yesterday in its Money […]

The bank noted that the referenced figure of US$1.259 billion, as published in the CBN’s Q1 2025 Sectoral Utilisation of Foreign Exchange data, did not represent CBN disbursements.

First  Bank of Nigeria Limited (FirstBank), the premier bank in West Africa and a leading financial inclusion service provider, has announced  that  it  has redeemed its $350 million Eurobond upon maturity on 27 October 2025. The Eurobond was issued as Senior Notes in October 2020 at 8.625% with semi-annual coupon payments, which was 70% oversubscribed at […]

By Cynthia Alo The Port and Terminal Multi-Services Limited (PTML) Command of the Nigeria Customs Service (NCS) generated N116.2 billion in revenue for the third quarter of 2025, Q3’25, representing a 34.3 per cent increase from the N86.5 billion recorded in the same period of 2024. Customs Area Controller of the Command, Comptroller Joe Anani, disclosed […]

By Peter Egwuatu The Nigeria’s foreign portfolio inflow through the stock market increased sharply by 845.9% in two years as at September 2025, to N1.03 trillion against the figure of N108.93 billion in 2023. Conversely the foreign investment outflow increased by 443.6 % to N810.39 billion in the two year period as at September 2025 to […]

United Bank for Africa (UBA) Plc is set to host another edition of the quarterly UBA Business Series, with the theme “Content that Converts: Building Influence and Driving Growth Through Strategic Marketing.” This edition, the final for the year, which will be held at the UBA Head Office, Marina Lagos, on Thursday, November 6th, 2025, underscores […]

By Peter Egwuatu Director General of the Securities and Exchange Commission, SEC, Dr. Emomotimi, Agama has commended Nigeria’s removal from the Financial Action Task Force, FATF, grey list, describing it as a clear reflection of the country’s renewed policy direction and commitment to transparency. The FATF maintains “grey” and “black” lists for countries it has identified […]

You must also consider how your money will be affected and the possibility of recovering your money if things go bad.

Transcorp Group maintained its strong growth trajectory, driven by the Company’s resilient business strategy and operational excellence.

Set to host 2025 Treasury360 conference  The Association of Corporate Treasurers of Nigeria (ACTN) has appealed to the Central Bank of Nigeria (CBN) to settle the outstanding portion of the invalidated $2.2 billion forward contracts. President of ACTN, Yinka Ogunnubi, made the plea at a media briefing to announce the forthcoming 2025 Treasury360 Conference and Exhibition […]

By Yinka Kolawole    The Manufacturers Association of Nigeria (MAN) has declared that decreasing demand for manufactured products occasioned by a sharp drop in the purchasing power of consumers due to inflationary pressures led to 87.72 percent surge in unsold inventory to N2.14 trillion in 2024 from N1.14 trillion in 2023. Director General of MAN, Segun Ajayi-Kadir, […]

“These amendments threaten to fundamentally weaken the NSITF governance structure, erode accountability and transparency, and expose the Fund to undue political interference,” the OPSN declared.”

•Records 93.74m barrels shortfall •2.06m bpd target no longer realistic this year — experts By Obas Esiedesa  Nigeria has recorded crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, raising concerns over adequate funding of the 2025 national budget. The shortfall indicates about $6.848 shortfall in oil revenue, the key […]