Nigerian banks like GTBank, First Bank, UBA, Providus, and Wema Bank have lifted restrictions on naira card use abroad, setting new spending limits
Foreign transactions on the Nigerian Exchange rose by 88.54% to N118.9bn in May 2025, boosting total market activity
MTN Nigeria declares N133.7 billion profit in Q1 2025, ending its loss streak; service revenue surges with strong data performance and increased investments.
Seplat Energy reports a massive jump in Q1 2025 revenue to N1.228 trillion, driven by production growth, Mobil acquisition, and strong financial performance.
Guinness Nigeria posts a N6.7 billion profit after tax for the nine months ending March 2025, marking a strong recovery fueled by strategic growth and robust revenue gains.
UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.
Nigeria plans to raise between N900bn and N1.2trn in Q2 2025 via domestic bonds, signaling a shift in debt strategy amid inflation and a N13.08trn budget deficit.
Despite the euro’s surge against the U.S. dollar in global markets, the Nigerian naira remained steady on the parallel market
Foreign investors acknowledge Nigeria’s macroeconomic reforms but raise concerns about oil volatility, capital repatriation risks, and high market costs at CBN’s investment forum in New York.
Nigeria’s palm oil sector is set for a major revival with a new strategic plan targeting 1.5 million hectares, increased investments, and a roadmap to reduce the nation’s import dependence and create jobs.
