FeaturedOil & GasOPEC oil production surges despite intended cutsPrajwal WeleJanuary 11, 2023 by Prajwal WeleJanuary 11, 2023 Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better... Read more
BankingFeaturedCentral Bank of Nigeria limits cash withdrawals to 100,000 naira a weekWebAdminDecember 13, 2022 by WebAdminDecember 13, 2022 Central Bank of Nigeria stated that only notes with a value of 200 naira or less would be loaded into ATMs... Read more
FeaturedOil & GasDrop in Nigeria’s crude oil production causes major concernWebAdminNovember 10, 2022 by WebAdminNovember 10, 2022 The fall in crude oil production threatens the already precarious finances of the most populous country in Africa... Read more
EconomyFeaturedNigeria’s economy & its dependence on Telecom industryWebAdminNovember 7, 2022 by WebAdminNovember 7, 2022 The embrace of digital technology by Nigeria has helped it to diversify its revenue and economy... Read more
FeaturedOil & GasOPEC+ cuts: Russia to be the benefiter?WebAdminOctober 18, 2022October 18, 2022 by WebAdminOctober 18, 2022October 18, 2022 Western sanctions have led to decreased Russian oil output, which has joined Nigeria and Angola as OPEC laggards... Read more
FeaturedOil & GasNow, an app to watch crude oil thieves in NigeriaIFM CorrespondentAugust 26, 2022August 25, 2022 by IFM CorrespondentAugust 26, 2022August 25, 2022 NNPC said it has intensified efforts with its international partners to track Nigeria’s stolen crude, using its unique registration.... Read more
FeaturedOil & GasDecline of Nigeria crude exports: Country heading towards economic collapse?IFM CorrespondentAugust 1, 2022 by IFM CorrespondentAugust 1, 2022 The Excess Crude Account and fuel subsidies have depleted state coffers in the first four months of 2022.... Read more
FeaturedFintechCanadian fintech Periculum officially launches in NigeriaIFM CorrespondentJanuary 19, 2022 by IFM CorrespondentJanuary 19, 2022 The company aims to solve the challenging domestic credit problem in the underserved markets... Read more
FeaturedIslamic BankingNigeria to issue $610 mn sovereign sukuk on its domestic marketIFM CorrespondentNovember 4, 2021 by IFM CorrespondentNovember 4, 2021 The fund is being raised to finance road projects, according to the Debt Management Office... Read more
CurrencyFeaturedNigeria launches Africa’s first digital currency after banning crypto exchangesIFM CorrespondentOctober 28, 2021 by IFM CorrespondentOctober 28, 2021 The e-Naira could potentially boost Nigeria's GDP by $29 bn over the next decade... Read more