By TOSI ORE BLOCKCHAIN.COM has called for greater regulatory alignment in Nigeria’s cryptocurrency market to promote responsible growth and protect consumers. Speaking in Lagos, the company’s General Manager for Africa, Owenize Odia, said transparency and cooperation with regulators like the SEC are key to building trust in the digital finance ecosystem. Odia noted that Nigeria […]
By FIDELUS ZWANSON NIGERIA’S September inflation rate is projected to ease to 18.8%, down from 20.1% in August, signaling a possible turning point in the country’s fight against rising prices. The moderation, driven by lower food costs and a stronger naira, could pave the way for another interest rate cut by the Central Bank of […]
By OBI DAVIES NIGERIA’S debt clock is ticking faster than ever. With total public debt surging to ₦152.40 trillion as of June 2025—an 11.6% year-on-year increase—the country finds itself deeper in a fiscal hole, balancing precariously between reform ambitions and financial dependence. The latest data from the Debt Management Office (DMO) paints a sobering picture: […]
By STELLA JOHNSON OGBOVOVEH EVERY basket of tomatoes, every bag of rice, and every tuber of yam that reaches Nigerian markets carries an invisible tax — a toll extracted not by law, but by corruption. Across the nation’s highways, truck drivers ferrying food items are bled dry at countless checkpoints manned by police, soldiers, road […]
By ANITA KNIGHT NIGERIA’S tertiary institutions have 30 days to account for or return all unutilised TETFund allocations, as the Federal Government moves to tighten accountability in higher education funding. Education Minister Dr. Tunji Alausa issued the ultimatum in Abuja, warning that funds lying idle in school accounts would be redirected to priority projects. He […]
By NINI NDUONOFIT-AKOH THE Central Bank of Nigeria (CBN) has set a ₦1.2 million daily limit for cash-out transactions by agent bankers under new operational guidelines aimed at improving transparency, consumer protection, and financial inclusion. The circular, signed by CBN’s Director of Payments System Policy, Musa Jimoh, mandates all agent transactions to be carried out […]
By FIDELUS ZWANSON THE Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the steady supply of clean and fit currency notes nationwide, urging Nigerians to treat the Naira with respect as a symbol of national pride. Speaking at the CBN Special Day during the 20th International Trade Fair in Abuja, the Bank’s […]
By OBIOMA TORI EXHIBITORS at the ongoing Abuja International Trade Fair (AITF) have voiced concerns over low patronage but remain hopeful of improved turnout before the fair ends on 6 October. Ghanaian trader Veronica Aboagye urged Nigerians to patronise her products, while Chinese vendor Zhang Wei expressed confidence that sales would pick up in the […]
By OBIOMA TORI THE Federal Government has launched a scheme to provide free business name registration for 250,000 micro and small enterprises nationwide. The initiative, driven by a partnership between the Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aims to formalise businesses, expand access to finance, and […]
By ANITA KNIGHT BILATERAL trade between China and Nigeria reached $15.48 billion from January to July 2025, a 34.7% increase over the same period in 2024, according to Ms. Yan Yuqing, Consul-General of China in Lagos. Speaking at a reception marking China’s 76th anniversary, Nigeria’s 64th independence, and the Mid-Autumn Festival, Yuqing described Nigeria as […]