The United Kingdom has agreed to invest £746 million into upgrading two of Nigeria’s busiest seaports—Apapa & Tincan Island Ports. The announcement made by Adegboyega Oyetola, who described the deal as a significant step toward transforming the country’s maritime infrastructure. Deal to Be Finalised at Windsor Castle The financing agreement scheduled to formally signed on…
Olayemi Cardoso, Governor of the Central Bank of Nigeria, has announced a major shift in Nigeria’s financial direction. Declaring that the era of opaque finance management is officially over. He made this statement while addressing global investors at The Peninsula London during the Africa Capital Forum, held alongside Bola Tinubu’s UK state visit. From Stabilisation…
The Federal Government of Nigeria, through the Nigerian Consumer Credit Corporation (CrediCorp), has unveiled a groundbreaking Air Travel Credit Scheme called “Fly Now, Pay Later.” This consumer credit product designed to make domestic air travel more accessible. Also and affordable for Nigerians by offering a structured financing option. With this Travel Credit Scheme, eligible travelers…
The Federal Government unveiled the Fly Now Pay Later scheme for domestic air travel. As reported by ALO360 the Nigerian Consumer Credit Corporation introduced this consumer credit solution to improve access for Nigerians. Officials moved quickly to ease barriers that limited air travel. The Nigerian Consumer Credit Corporation posted the news on X on Tuesday….
Hundreds of new jobs set to be created across the United Kingdom as Nigerian banks, fintech companies, and creative industry businesses expand their operations in the country. The development, announced by the British government, comes alongside the ongoing state visit of Bola Ahmed Tinubu, highlighting growing economic ties between the Nigeria and the UK. Expansion…
The Nigerian Exchange Limited set to upgrade its trading system as Nigeria officially adopts a T+1 settlement cycle starting May 29, 2026. What T+1 Means (Simple Breakdown) Currently, when you sell a stock, it takes two business days (T+2) before your money is available. With T+1: However, This is a major improvement from Nigeria’s previous…
President Bola Ahmed Tinubu and First Lady Oluremi Tinubu have departed Abuja for a landmark state visit to the United Kingdom, following an invitation from King Charles III and Queen Camilla. First Royal Hosting in Nearly Four Decades The visit is particularly significant as it marks the first time in 37 years that a Nigerian…
The AfCFTA Secretariat has held high-level talks with The Coca-Cola Company to explore new ways of expanding intra-African trade and strengthening regional value chains. Driving Local Sourcing Across Africa A key focus of the meeting was how to increase local sourcing of raw materials across African markets, reducing dependence on imports while supporting local farmers…
The Central Bank of Nigeria (CBN) has directed all banks to immediately reverse failed ATM transactions, introducing stricter rules to protect customers and improve trust in Nigeria’s payment system. Faster Refunds for Customers Under the new guidelines, failed “on-us” transactions—when you use your own bank’s ATM—must reversed instantly. If technical issues prevent an immediate refund,…
The African Development Bank Group has approved a $5.52 million grant aimed at strengthening tax systems administration. Also and improving domestic revenue generation in Nigeria and other West African countries. Strengthening Revenue Tax Systems The funding is expected to support efforts to modernize tax system. Improve compliance, and enhance efficiency in revenue collection across the…
