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A service for FOREX trading professionals · Friday, May 2, 2025 · 808,774,289 Articles · 3+ Million Readers
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Nigerian Naira (NGN) News Monitoring

  • Published on Apr 30, 2025

    Growing fiscal imbalance threatens $1tr GDP target, NACCIMA warns

    The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Organised Private Sector of Nigeria (OPSN) have warned that the growing fiscal imbalance, leading to persistent fiscal deficit, unsustainable borrowing and …

    Source: The Guardian (Nigeria) - Indeterminate
  • Published on Apr 30, 2025

    E-Money: More high-profile arrests follow in coming days, EFCC vows

    From Sola Ojo, Abuja The arrest of popular Lagos socialite, Emeka Okonkwo Daniel, also known as E-Money by the operatives of the Economic and Financial Crimes Commission (EFCC) has sparked a broader conversation. He was arrested in his Lagos residence …

    Source: The Sun Nigeria - Indeterminate
  • Published on Apr 29, 2025

    Court grants bail to man accused of pocketing $1.5m from Ghana's diplomatic property sale

    The High Court in Accra has granted bail to Bright Mensah Bonsu, accused of receiving $1.5 million for the purported sale of a prime diplomatic property in Nigeria. The Court presided over by Justice Mary Maame Ekue Yanzuh granted him bail in the sum of GH …

    Source: GhanaWeb - Neutral
  • Published on Apr 29, 2025

    EFCC Arrests Socialite Over Abuse of Money 

    45 Lizzy Chirkpi The Economic and Financial Crimes Commission (EFCC) has apprehended Lagos-based socialite, Emeka Okonkwo, popularly known as E-Money, for alleged Naira abuse and the illegal spraying of US dollars. Sources said E-Money was arrested at his …

    Source: Point Blank News - Pending
  • Published on Apr 29, 2025

    Group seeks more govs’ support for Tinubu after Oborevwori joins APC

    The Arewa Youths for Peaceful Coexistence has commended the former Governor of Delta State, Ifeanyi Okowa, and the incumbent governor of the state, Sheriff Oborevwori, for what it called a landmark decision to exit the Peoples Democratic Party (PDP) for …

    Source: The Guardian (Nigeria) - Indeterminate
  • Published on Apr 29, 2025

    2027 Presidential Election: Nigerians Should Calm Doan and Support President Tinubu

    By Musa Bakare In the words of President Bola Ahmed Tinubu, “In the face of storm, we shall remain calm. When the stage is set, we shall display the idea that stood us apart.” This statement of the President is the summary of his excellent approach to …

    Source: Kogi Reports - Pending
  • Published on Apr 29, 2025

    IMF, World Bank report: ActionAid, CISLAC task FG on fiscal discipline, budget oversight

    ActionAid Nigeria (AAN) and Civil Society Legislative and Advocacy Centre (CISLAC) have cautioned the President Bola Ahmed Tinubu-led administration against ignoring the International Monetary Fund (IMF) and World Bank warning of worsening poverty by 2027. …

    Source: Daily Trust - Pending
  • Published on Apr 29, 2025

    ‘Dollar based financing no longer sustainable for startups’

    Dollar-based financing is no longer sustainable in the face of currency volatility in Nigeria and the broader West African market. This has been the focus during conversations at the West African region segment of the 21st Annual Africa Venture Capital …

    Source: Business Day - Neutral
  • Published on Apr 29, 2025

    BREAKING: EFCC arrests music executive E-Money

    E-Money, the CEO of Emmy Cargoes Nigeria Limited and founder of Five Star Music, was taken into custody on Tuesday morning, April 29, in Lagos following what officials describe as a clear violation of the Central Bank of Nigeria’s guidelines on the …

    Source: Pulse - Neutral
  • Published on Apr 29, 2025

    Manufacturers’ monstrous unplanned inventory 

    Nigeria’s embattled manufacturing sector is groaning under the crushing weight of monstrous unplanned inventory. Unplanned inventory is the stock of manufactured goods that could not be sold.  The inventory is unplanned because manufacturers expect to sell …

    Source: Blueprint Newspapers Limited - Pending
  • Published on Apr 29, 2025

    Investors bullish on startups as FG reforms drive stability

    Startup investors are increasingly optimistic about Nigeria, believing that now is the best time to invest in the country. They attribute the renewed confidence to recent government economic reforms, particularly in the foreign exchange market, which they …

    Source: Business Day - Neutral
  • Published on Apr 29, 2025

    Adopt Pan-African Payment Settlement System, CBN Charges DMBs

    57 Daniel Adaji The Central Bank of Nigeria (CBN) has ordered all Money Deposit Banks (DMBs) in the country to immediately adopt the Pan-African Payment and Settlement System (PAPSS) for originating cross-border transactions, marking a major step toward …

    Source: Point Blank News - Pending
  • Published on Apr 28, 2025

    CBN Simplifies PAPSS Transaction Requirements to Boost Intra-African Trade

    The Central Bank of Nigeria (CBN) has introduced significant updates to the documentation requirements for transactions. This is intended to be carried out via the Pan-African Payment & Settlement System also known as PAPSS. This important policy shift …

    Source: News Central TV - Indeterminate
  • Published on Apr 28, 2025

    10 Investment Options for Nigerians and How to Get Started in 2025

    In 2025, growing your money isn’t just smart, it’s survival. With rising inflation, currency fluctuations, and a rapidly changing economy, smart investing can mean the difference between merely getting by and building substantial wealth. The good news is …

    Source: Zikoko! - Center-left
  • Published on Apr 28, 2025

    CBN directs banks to adopt PAPSS for transaction processing 

    The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and Settlement System (PAPSS) and commence originating transactions under the new framework, as part of efforts to deepen intra-African trade …

    Source: Nairametrics - Neutral
  • Published on Apr 28, 2025

    What West African countries need to do to revive their economies – Experts

    At the GTR West Africa 2025 Summit, the mood across panels and discussions was cautious optimism. As Nigeria and Ghana navigate their post-reform recoveries, a confluence of financial innovation, agricultural reform, and strategic energy investment is …

    Source: Premium Times - Neutral
  • Published on Apr 28, 2025

    Still the northern star: How Buhari’s influence could decide 2027

    BY TOLULOPE OGUNMOKO Before 2015, Muhammadu Buhari had already attained near-mythical status in northern Nigeria. His name was a household one, his presence commanding spontaneous crowds wherever he went. Unlike the orchestrated gatherings of today, pre- …

    Source: The Cable - Neutral
  • Published on Apr 28, 2025

    Dangote Refinery refutes the report of foreign media on its current status, calling it a lie

    On the 25th of April, Bloomberg reported that ‘a large fuel-production unit at Nigeria’s Dangote Oil Refinery’ was undergoing maintenance. However, the Dangote Refinery has come out to dispute this report. Recently, the Punch, in an interview with a senior …

    Source: Business Insider Africa - Neutral
  • Published on Apr 28, 2025

    Fitch upgrades four Nigerian states’ investment rating

    Fitch Ratings has upgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings of Kaduna, Kogi, Lagos, and Oyo states from ‘B-’ to ‘B.’. The upgrade reflects improved macroeconomic stability and recent policy reforms in Nigeria. The global …

    Source: Daily Post - Neutral

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