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The Nigerian Senate has approved the Factoring Assignment and Receivables Financing Bill, 2026, aiming to tap into the $50 billion MSME factoring market in Africa. This legislation is expected to significantly enhance Nigeria's share in the continental market, which is currently below 1%.
President Tinubu's economic strategies are reportedly steering Nigeria towards a stronger growth trajectory. APC leaders express confidence that his performance will secure him a second term amidst claims of disinformation from the opposition.
Retired workers from defunct banks in Lagos are protesting for a minimum pension of N32,000 and outstanding benefits after two decades of neglect. They are demanding action from the Pension Transitional Arrangement Directorate (PTAD).
…Why many working families earn less than it takes to stay afloat By the third week of every month, Ibrahim read more Nigeria’s minimum wage no match for N700,000 survival cost
The CMSA 2026 summit is set to enhance Nigeria's capital market and increase investor confidence. This initiative aims to promote sustainable growth within the financial sector.
Nigeria Customs Service intensifies efforts against vegetable oil smuggling, seizing N1.3bn in products to protect local investments and jobs.
Following a foiled abduction attempt that left six dead in Ogun communities, residents are fleeing their homes. Learn more about the incident and its after
Tension rises in Ifo, Ogun State, as residents protest the delayed evacuation of a hazardous dumpsite, fearing a public health crisis. Find out more.
Governor Sanwo-Olu has announced the upcoming start of Lekki Port Phase 2, which is set to enhance Lagos's position as a key maritime hub in West Africa. This development is expected to facilitate trade under the African Continental Free Trade Area (AfCFTA).
Nigeria's government is enhancing shea processing to increase export potential by turning raw shea nuts into high-value products. This initiative aims to capture a larger share of the global market.
Dangote Refinery has reduced its petrol production capacity by 34% due to feedstock and technical challenges. This reduction could significantly impact Nigeria's fuel market dynamics.
Nigeria's GESI roadmap has the potential to unlock $6.75 billion by aligning investment practices with stated values. This transformation could significantly enhance the impact investing ecosystem in the country.
The article highlights the success of women in Nigeria's informal economies, emphasizing their ability to manage businesses and contribute to savings groups. It calls for the creation of effective financial systems to support these women further.
Nigerian banks are increasing international spending limits on naira cards thanks to enhanced foreign exchange liquidity. This development is expected to facilitate easier global payments for Nigerians.
With rising fuel prices, advocates are promoting solar energy solutions in Nigeria. They highlight solar generators as a cost-effective and reliable alternative to traditional fuel sources.
Shell Nigeria Gas attributes its increased gas production to recent pricing reforms and the Petroleum Industry Act. This has bolstered market confidence and encouraged further investment in the sector.
Nigeria’s persistent power crisis is driving inflation and job losses, especially in manufacturing, a consumer group warns. Learn how unreliable electricit
Kayode Tokede Access Holdings Plc, yesterday in Lagos, blamed regulatory compliance to Central Bank of Nigeria (CBN) for its inability to pay dividend to shareholders for the 2025 financial year. Chairman of
"Our view is that the transactions in these types of structures carry risks,” said the IMF’s resident representative in Nigeria, Christian Ebeke said on Tuesday. The post IMF flags risks in Nigeria’s planned $5 billion derivative deal with First Abu Dhabi Bank appeared firs...
The Nigerian Commodity Exchange (NCX) has unveiled a comprehensive Shea Value Chain Transformation Framework aimed at increasing domestic processing, improving read more Nigeria targets 30% local processing to triple shea industry value, unlock higher export revenue
Mr Lokpobiri said that sustaining investments and increasing exploration activities were critical to achieving the target and boosting the nation’s reserves. The post Nigeria targets 2.5mbpd oil output – Lokpobiri appeared first on Premium Times Nigeria.
First City Monument Bank (FCMB) has tapped prominent economist Bismarck Rewane to chair its board, betting on his four decades read more FCMB taps economist Bismarck Rewane to chair board amid growth push
The Nigerian Senate has approved a significant bill aimed at facilitating funding for small enterprises through receivables financing. This legislation is expected to provide essential financial support to boost the small business sector.
The naira traded largely flat on Wednesday in the official foreign exchange (FX) market despite weaker liquidity, as the International read more Exchange rate flat as IMF backs naira float
The Nigeria Revenue Service (NRS) has unveiled Rev360, a new digital tax administration platform designed to streamline tax processes, improve compliance, and help identify tax evaders. The post NRS unveils Rev360 to boost tax compliance, track evaders appeared first on Vanguard ...
The announcement marked the Bank of Canada's fifth consecutive hold. Canada has experienced two quarters of negative growth, a circumstance some economists label a technical recession. The post Canada Central Bank Holds Key Interest Rate Steady As Economy Struggles appeared first...
Actress Ruth Kadiri has voiced her concerns about the escalating cost of living in Nigeria, noting that N5,000 now only covers the purchase of tomatoes and pepper. Her comments reflect the broader economic challenges facing many Nigerians today.
Data showed US consumer inflation surged to a fresh three-year high in May, hitting 4.2 per cent year-on-year. The post Stocks Slide As US Inflation Surges, US And Iran Trade Strikes appeared first on Channels Television.
The crucial Strait of Hormuz has been effectively shut since US and Israeli attacks on Iran in late February, blocking roughly a fifth of global oil supplies and rattling global markets. The post Hormuz Block Sparks ‘Never Seen Before’ Disruption — Shell CEO appeare...
US consumer inflation surged to a fresh three-year high in May, according to official data released Wednesday, as increased energy prices rippled through the world's largest economy. The post US Consumer Inflation Hits Fresh Three-Year High In May appeared first on Channels Telev...