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Nigeria’s agricultural export sector has seen remarkable growth in 2024, with Okomu Oil and FTN Cocoa leading the charge. Both companies reported a combined export revenue of N16.5 billion for…
vAfter a two-year hiatus, Nigeria has made a triumphant return to the international bond market, successfully issuing a dual-tranche Eurobond offering under its Global Medium Term Note Programme. This move…
The Central Bank of Nigeria (CBN) has introduced new guidelines for the Electronic Foreign Exchange Matching System (EFEMS), a system designed to improve operational efficiency and transparency within the nation’s…
Foreign holdings in Nigeria experienced a significant decline from $86.2 billion in 2022 to $73.4 billion in 2023, marking a $12.8 billion reduction, according to the World Investment Report 2024.…
The Central Bank of Nigeria (CBN) has unveiled new guidelines for foreign exchange (FX) trading through its Electronic Foreign Exchange Matching System (EFEMS), effective November 25, 2024. The move aims…
The Port Harcourt Refinery is set to begin processing crude oil after years of delayed timelines and extensive rehabilitation efforts. According to Femi Soneye, Chief Corporate Communications Officer of the…
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has commenced its final two-day meeting of the year today in Abuja, with analysts forecasting an interest rate hike of…
Custodian Investment Plc, a leading Nigerian investment company, has reported a significant 278.8% increase in after-tax profit for the first nine months of 2024, reaching N44.7 billion, up from N11.8…
The Central Bank of Nigeria (CBN) has announced a six-month extension for Bureau De Change (BDC) operators to meet the new capital requirements, moving the deadline from December 3, 2024,…
The latest Stears Private Capital in Africa Report for Q3 2024 has revealed that five countries—Nigeria, South Africa, Kenya, Ghana, and Egypt—together accounted for 85% of all private market deals…