The Central Bank of Nigeria (CBN) has injected $197.71 million into the economy through sales to Authorized Dealers . Omolara Omotunde Duke, Director Financial Markets Department of the bank in a statement stated that the CBN noted recent movements in the foreign exchange market between
The Nigeria Sovereign Investment Authority (NSIA) this Monday announced its audited financial results for the 2024 fiscal year, showing it has remained profitable for 12 consecutive years, resulting in cumulative retained earnings of ₦3.74 trillion at the end of 2024. Highlights of the
The African Export-Import Bank (Afreximbank), has broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal moment for trade relations between Africa and the CARICOM region. The bank in a statement described the $180 million
Nigeria is poised to unlock its vast energy potential and become a major player in the global energy market as the world grapples with the challenges of limited energy access. Speaking at the Sustainable Energy for All (SEforALL) Forum in Bridgetown,
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is requesting for the prevention of monopolies and ensuring local refineries thrive, given their significant economic benefits to the country. PETROAN in a statement observed that the importance of healthy competition is essential
The Federal Government of Nigeria has directed all Ministries, Departments and Agencies (MDAs) of Government to comply with the National Policy on Public Private Partnerships (N4P) of the Infrastructure Concession Regulatory Commission (ICRC) in conducting any form of Public
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have agreed to partner to implement insurance provisions for assets under public-private partnership arrangements, as outlined in the law. This was discussed during a courtesy visit of the
The Federal Government has stated that it is dedicated to forming partnerships and strategic alliances that would help it achieve its objectives and promote domestic development. This was revealed by Vice President Kashim Shettima during the China-Africa Development Finance Forum
Business deals worth more than $370million were formalized at the African Export-Import Bank (Afreximbank) Intra-African Engineering, Procurement and Construction (EPC) workshop in Lagos by participants, marking a significant step towards empowering African contractors. The deals include a US$300-million Global facility
The Federal Government has disclosed plans to source from the private sector, part of the 10 billion dollars required to provide regular electricity across Nigeria within the next five to 10 years. This formed the crux of deliberation when the
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