Economy

CBN Woos Asian Capital, Tightens Banking Oversight Over Insider Lending, Offshore Investments

Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, In Thursday , said the bank was moving to deepen…

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Africa Launches Homegrown Credit Agency As Debt Costs Reach $163bn

The Africa Credit Rating Agency, AfCRA, will be headquartered in Port Louis, Mauritius, where the AU plans to formally launch…

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Moove Ends Nigeria Operations, Transfers N35bn Worth Of Vehicles To Customers

Lagos-founded global mobility company Moove has announced the end of its operations in Nigeria, six years after commencing business in…

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Dangote Opens $300m Refinery IPO To East African Investors, Offers 729m GDRs

The development followed regulatory approvals in Kenya and Uganda allowing eligible investors in the two countries to participate in the…

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Sierra Leone President, Sanwo-Olu, Elumelu Target $180bn Investment Pipeline To Deepen West African Integration

Sierra Leone’s President, Julius Maada Bio; Lagos State Governor, Babajide Sanwo-Olu, and African business leader and Chairman of Heirs Holdings,…

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CBN Holds Firm On January 2027 Data Deadline, Orders Banks To Localise Payment Data

CBN advised those concerned to immediately com-mence the process of data migration and localisation, if they had not started the…

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NUPRC Launches 2026 Licensing Round With 40 Oil Blocks

Also speaking, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, said the NNPC…

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Tinubu: Nigeria Will Use Oil Resources To Build Modern Economy

President Bola Tinubu on Tuesday declared that Nigeria would deploy its vast oil and gas resources to build a modern,…

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Dotun Adekunle: OPay Has Seen Consumer Needs Shift Over Eight Years

Chief Operations Officer and Technology Officer at OPay, Dotun Adekunle, says Nigerian consumers’ financial needs and expectations have changed significantly…

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Wumi Iledare: NNPC Would Be Better Off With Professional Scepticism Rather Than Public Cynicism

Energy Expert and Petroleum Economist, Prof. Wumi Iledare, has urged the Nigerian National Petroleum Company Limited (NNPCL) to balance commerciality,…

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