Business

CBN revised documentation requirements for PAPSS transactions

In an effort to foster a smooth intra-African trade, financial inclusion, and operational efficiency for Nigerians involved in cross-border payments in Africa, the Nigerian central bank (CBN) has announced a significant review of the documentation requirements for transactions through the Pan-African Payment & Settlement System (PAPSS) in Nigeria. This was announced in a circular dated April 28, 2025 by Bank …

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The stock market opens up a bullish with N228 billion earnings

The Nigerian stock market opened the week with a bullish note on Monday, earning N228 billion on Nigerian Exchange Ltd. Market capitalization has increased by N228 billion or 0.34 percent and closed to N66,693 trillion compared to the Friday figure of N66,465 trillion. Likewise, the All-Share index (ASI) rose by 363.57 points or 0.34 percent, reaching 106,116.18 from 105,752.61 recorded …

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New Agura of Gbagura emerges within a month – Balogun IDdo

The Balogun of Iddo, the head Ayodele Koleade, assured that the vacant agura of the Gbagura stool will be filled within a following month, putting an end to almost two years of vacant places following the disappearance of the late monarch. The chief Koleade held his certainty on Sunday during a meeting of the Gydc (Gydc) meeting of Gbagura Youth …

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Lack of transparency, corruption that hinders trade, investments in Nigeria, says Us – Thage

By Victor Osula, Abuja The United States Office (Ustr) has identified corruption and lack of transparency in Nigeria’s tender processes as important obstacles to exchanges and investments in the country. According to the Usr, Nigeria has not yet acted on various suspended requests regarding food and agricultural imports from the United States despite repeated efforts to guarantee market access. “US …

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We identify corruption, trade barriers as the main challenge for investment in Nigeria

The United States government once again raised a serious concern over constant obstacles for trade and investment in Nigeria. The agency identifies corruption, lack of transparency, and regulations that limit as the main obstacles to investment in the most populous countries in Africa. In 2025 National Trade Estimation Report on Foreign Trade Barriers, released on March 1, the United States …

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Nesg warned that 2025 budgets were not enough to meet urgent national needs

The Nigerian Economic Summit group (NESG) has led to concerns that the 2025 budget failed to meet Nigerian social demands and critical infrastructure. In the latest publication, “2025 Budget Analysis FGN: Can the budget provide a major economic improvement?,” Think Tank Policy highlighting persistent structural problems in the country’s fiscal planning, a warning that without significant changes, the objectives of …

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Aruwa Capital Management collected $ 35 million for the second funding round

The Equity Equity Equity company based on Lagos, Aruwa Capital Management, has collected $ 35 million in the second funding round. The company, therefore, has reached 90% of the $ 40 million target for Aruwa Capital Fund II, the second fund. With a maximum of $ 60 million, gender lens investment companies are thinking of expanding funds to $ 50 …

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Nusa condemns another attack on 7 Nigerians in South Africa

The Nigerian Union South Africa (Nusa) condemned another brutal attack on Nigerian seven and the kidnapping of an AI Silas on Thursday in Springs, in the province of Gauteng. Akindle Olunloyo, the secretary of Nusa national advertising, said in a Sunday declaration that Silas was beaten unconscious and forcedly taken by his workplace by a member of the staff of …

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