Category : Search result: InterAmerican Development Bank


Naira Recovers Against Dollar as FX Reserves Soar

Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.

GrabrFi Offers US Bank Accounts to Nigerian Freelancers

Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.

Court Vacates Nestoil Receivership Orders

Federal High Court nullifies previous receivership orders against Nestoil and Neconde. Justice Osiagor to hear case de novo starting November 20, 2025. Read the latest developments.

Court awards N20.7bn against petroleum marketer

A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.

Nigeria aims to cut $18M lapsed loans by 61%

Federal Government plans to reduce outstanding lapsed loans from $18 million to $7 million through new financial reforms and blockchain technology for World Bank projects.

Zenith Bank to Acquire Paramount Bank in Kenya

Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.

Tinubu addressing Niger Delta development and security

President Bola Tinubu's Renewed Hope Agenda is delivering tangible results in the Niger Delta through strategic development initiatives and enhanced security measures. Learn how the administration is transforming the region.

Nigerian banks post N14.7tn interest income

Nine major Nigerian banks reported a combined N14.72 trillion in interest income for the first nine months of 2025, a 27.68% increase driven by high interest rates. Discover which banks led the growth.

Moghalu: Emefiele was disastrous CBN governor

Former CBN deputy governor Kingsley Moghalu condemns Godwin Emefiele's tenure, calling it disastrous and politically compromised. Read the full analysis of Nigeria's economic decline.

Regional Development Agencies Fail Despite Billions

Nigeria's regional development agencies like NDDC and NEDC continue to underperform despite massive funding. New oversight model proposed to democratize operations and ensure accountability for better results.

Wema Bank Walk-in Interviews for Job Seekers

Wema Bank announces walk-in interviews for Commercial Relationship Management Officers across Nigeria from November 17-21, 2025. Opportunity comes amid high youth unemployment concerns.

Lagos SMEs Adopt Solar with New Financing

Lagos stakeholders are creating new financing pathways to help small businesses switch from diesel to solar power. This initiative aims to cut energy costs and boost productivity for Nigerian SMEs.

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