Business

Fitch Ratings has raised fresh concerns over Nigeria’s $5bn Total Return Swap with First Abu Dhabi Bank, warning that the financing structure could create additional risks for government liquidity.

The Corporate Affairs Commission (CAC) is pushing for the harmonisation and centralisation of Nigeria’s beneficial ownership registers, saying fragmented corporate ownership data could create gaps that enable illicit financial flows

Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, with more than half allocated outside competitive bidding.

Nigeria’s latest petrol price increase has not eliminated one of the strongest incentives for cross-border fuel diversion: a substantial price gap between Nigeria and neighbouring countries.

FAAN says Uber’s Nigeria exit was a broader corporate decision and not the result of its airport restrictions, which followed complaints about safety, touting and passenger accountability.

Nigeria’s inflation picture changed more significantly in August than the headline figure of 15.39 percent suggests, with monthly price growth slowing sharply, core inflation turning negative and food inflation reversing the steep acceleration recorded in July.

The ASI opened at 243,299.24 and closed at 244,304.51, representing a gain of 1,005.27 points or 0.41 percent.

Claims that Dangote Refinery attracted nearly ₦1.5 trillion in early IPO subscriptions trace to a Nigerian Exchange Group (NGX) social media update that was subsequently deleted, leaving questions about what the widely circulated figures measured.

The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).

Bitcoin, launched in 2009, still accounts for more than half of the industry’s market value. During checks on September 15, CoinGecko valued the overall market at approximately $2.74 trillion, with Bitcoin representing about 57% and Ethereum roughly 11%.