West African Stakeholders Convene in Lagos to Fast-Track Regional Industrialization

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West Africa is at a pivotal moment. West Africa is facing the task of taking charge of its economic future through industrialization, intraregional commerce,...

Nigeria Scales Up AfCFTA Efforts Ahead of IATF 2025 to Deepen Continental Trade

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Nigerian politicians and trade stakeholders have stepped up efforts to expedite the implementation of the African Continental Free Trade Area (AfCFTA), as part of...

Report ATM Cash Shortages: CBN Shares Helpline

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For the purpose of reporting issues with cash withdrawals at automated teller machines (ATMs) or over the counter, the Central Bank of Nigeria (CBN)...

Banks Reinstate International Spending on Naira Cards After Prolonged Suspension

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The restart of foreign transactions on their naira cards has been announced by two Nigerian commercial banks. Wema Bank and United Bank of Africa (UBA)...

NIBSS Orders Banks To Remove Opay, Kuda, Palmpay, Others From Transfer List

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NIBSS Orders Banks To Remove Opay, Kuda, Palmpay, Others From Transfer List By Naomisophyblog The Nigeria Inter-Bank Settlement System (NIBSS) has ordered banks in the country to take...

CBN Recapitalisation Praised by CPPE, Urges Stronger Support for Real Sector

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The Central Bank of Nigeria (CBN) has received praise from the Centre for the Promotion of Private Enterprise (CPPE) for carrying out the bank...

Abuja Markets See Mild Drop in Food Prices

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The cost of basic foods, particularly rice, is starting to go down a little in a number of markets for residents of the Federal...

Dangote Rolls Out Ambitious Export Expansion Plan for Nigeria

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Aliko Dangote, the president and richest man in Africa, of Dangote Industries Limited (DIL), has announced ambitions to increase Nigeria's export capacity with a...

CEGA Lauds FG, NUPRC Over 37 Approved Crude Routes, Tackling Oil Theft

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As part of an overall plan to reduce oil theft, increase transparency, and boost Nigeria's oil production, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)...

World Bank Flags NNPCL’s Inconsistent FAAC Reports, Revenue Transparency Issues

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The World Bank has stated that the Nigerian National Petroleum Company Limited's (NNPCL) presentations to the Federal Account Allocation Committee (FAAC) were inconsistent and...