Business News

Nigeria, along with other African nations, is poised to benefit from a substantial $90 billion electricity fund backed by the World Bank and the African Development Bank. According to Bloomberg,...

Coca-Cola Hellenic Bottling Company has announced plans to invest $1 billion in Nigeria over the next five years to expand its business operations. The company’s CEO, Zoran Bogdanovic, revealed this...

Jaiz Bank, Nigeria’s first non-interest bank, has been named the Most Promising Islamic Bank of 2024 at the prestigious Global Islamic Finance Awards (GIFA). The announcement was made during the...

The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the cybercrime levy at 0.005% on all electronic transactions, as outlined in the newly released guidelines for...

The Central Bank of Nigeria (CBN) has announced plans to expand the use of its digital currency, eNaira, for government transactions. This move will enable Ministries, Departments, and Agencies (MDAs)...

The Federal Government is set to unveil a strategy on Wednesday to position Nigeria as a global leader in the Halal economy. The initiative aims to contribute $1.5 billion to...

According to a report from Cybervergent, a leading provider of automated cybersecurity solutions, 586,130 cyberattacks targeted Nigeria's banks, financial institutions, telecom companies, and other sectors in the first half of...

Nigeria’s foreign exchange (FX) reserves have increased significantly by $621.2 million over a 10-day period, attributed to the successful sale of a domestic dollar bond. As of September 12, 2024,...

Binance, the world’s largest cryptocurrency exchange, has officially confirmed the listing of Hamster Kombat (HMSTR) tokens. The announcement, made via Binance’s official X page, coincides with an airdrop event and...

The Central Bank of Nigeria (CBN) has seen a surge in demand for Nigerian Treasury Bills (NTBs) during the auction held on September 11, 2024. Subscriptions reached N563.17 billion, surpassing...