CBN Issues Guidelines To Curb Forex Speculation, Hoarding By Banks
The Central Bank of Nigeria (CBN) has taken a decisive step to address concerns over excessive foreign currency speculation and ...
Friday, January 16, 2026
PayPal Plans Layoffs, Cutting 9% Global Workforce For Efficiency
Online payment giant PayPal has revealed its intention to initiate a significant workforce reduction, amounting to approximately 9 per ...
Abia To Set Up Standard Materials Testing Laboratory In Umuahia
In a bid to enhance construction standards and stimulate economic growth, the Abia State Executive Council has given the green ...
Italy’s PM Unveils €5.5bn Plan To Curb Migration, Boost Africa
Italy's Prime Minister, Giorgia Meloni, recently disclosed a comprehensive investment plan totaling €5.5 billion ($5.9 billion) to fortify Italy's relations ...
Naira Records Historic Low At N1,482.57/$1 Despite Central Bank’s Efforts
The Nigerian Naira faced a remarkable descent, reaching a record low of N1,482.57 per dollar on the official market (NAFEM). ...
CBN Clears $64.44m FX Backlog for Airlines
The Central Bank of Nigeria (CBN) has fulfilled its commitment by clearing a $64.44 million backlog of foreign exchange owed ...
MTN Group Commits $251m Investment In Telecom Infrastructure For Benin
Telecommunications giant, MTN Group has unveiled ambitious plans to invest $215 million in telecom infrastructure in the Republic of Benin ...
IMF Downgrades Nigeria’s 2024 Economic Growth Forecast To 3.0%
The International Monetary Fund (IMF) has revised downward its economic growth projection for Nigeria in 2024, slashing it from the ...
Nigeria’s Money Supply Hits All-time High Of N78.74 trn In December 2023
Nigeria's broad money supply, measured by M3, reached an unprecedented high of N78.74 trillion in December 2023, marking a remarkable ...
Africa Prudential PLC Appoints Catherine Nwosu As MD/CEO
The Board of Africa Prudential Plc has appointed Mrs. Catherine Uzoamaka Nwosu as the Managing Director and Chief Executive Officer ...
