The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle pre-export credit facility with a new $4.5 billion facility known as ‘Project Gazelle 2’. The approval will allow the Nigerian National Petroleum Company (NNPC) Limited…
With the naira up 0.57 percent in July, analysts fear that a surge in dollar demand and seasonal foreign exchange demand—ranging from summer holiday travel to offshore tuition payments and end-of-quarter importer demands—will test the modest gain. Traders and market…
Creating a safer society requires active public participation and modern security frameworks. In a landmark step toward reforming law enforcement, the Federal Government has officially invited citizens to submit policy recommendations for a comprehensive statutory overhaul. The call for draft…
Unlocking the immense commercial potential of Nigeria’s leisure and travel ecosystem requires overcoming structural policy hurdles. Although cultural heritage and natural landscapes attract local travelers, potential Nigeria tourism industry investors remain cautious about deploying large-scale private capital into domestic hospitality…
Air travel disruptions may threaten Nigerian passengers if labor disputes escalate further. However, domestic carriers are taking a firm stand against recent operational threats. The Airline Operators of Nigeria union strike conflict intensified after key aviation labor groups threatened to…
Bold leadership shifts often reshape entire financial landscapes. In a recent exclusive interview, Nigerian billionaire businessman Femi Otedola shared why he has committed more than ₦600 billion ($432 million) of his personal fortune to First HoldCo Plc. Furthermore, this substantial…
Global energy markets experienced a major shift this week as geopolitical tension began to ease. International Brent crude prices fall significantly following news that the United States and Iran plan to resume diplomatic negotiations. Read Also BREAKING: Global Crude Price…
Conglomerate trading operations across West Africa often face intense economic cycles, yet strategic adaptation allows established brands to navigate tough market headwinds. Following months of operational restructuring and price adjustments across its commercial distribution networks, Chellarams returns to profit with…
Africa’s ability to feed its rapidly growing population will depend largely on how governments, investors and development partners respond to the continent’s agricultural challenges, according to the Agricultural Research Council of Nigeria. The council has called for stronger investment in…
External buffers providing cushion for the domestic currency recently experienced a temporary drawdown following weeks of continuous growth. According to official foreign exchange tracking data reported by Nairametrics, a Nigeria foreign reserves drop of $114 million occurred within seven days…
Navigating foreign exchange decisions requires keeping a close watch on international market dynamics and domestic dollar availability. Reflecting ongoing trade pressures across official and commercial trading windows, the naira exchange rate against British pound settled at N1,834 during early Friday…
Expanding electronic payments requires transparent dispute resolution and dependable system security. Illustrating these institutional challenges, a comprehensive industry study highlights how trust in Nigeria’s digital finance ecosystem determines long-term adoption, showing that consumer confidence depends heavily on dispute resolution speed…
Femi Otedola, First HoldCo’s chairman, purchased 1.77 billion shares of the financial institution through his investment vehicle, Calvados Global Services Limited. According to a corporate filing from the Nigerian Exchange (NGX), Otedola acquired the First HoldCo shares for N222.20 billion…
Navigating fixed income opportunities requires balancing security against shifting yield returns. In a clear display of market liquidity, institutional investors flooded the latest CBN Treasury Bills auction yield drop, sending total subscriptions soaring to N3.62 trillion. The heavy demand pushed…
Protecting customer deposits against sophisticated digital fraud requires constant surveillance across modern payment channels. Strengthening security across electronic settlement systems, commercial lenders expanded the Nigerian banking sector fraud watchlist, blacklisting 13,117 unique Bank Verification Numbers. The recent update marks a…
