Month: October 2025

Wakanow Group Acquires NairaBox to Broaden Lifestyle and Entertainment Portfolio

Wakanow Group, Africa’s leading travel technology company, has announced the acquisition of NairaBox, a Nigerian digital entertainment and lifestyle platform, in a strategic move aimed at expanding its service offerings beyond the travel sector. The acquisition, announced in Lagos on Tuesday, is part of Wakanow’s long-term vision to integrate travel, entertainment, and lifestyle into a …

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IMF Intensifies Efforts to Track Illicit Financial Flows and Support Nigeria’s Fiscal Stability

The International Monetary Fund (IMF) has reaffirmed its commitment to assisting Nigeria and other developing nations in tracing and curbing Illicit Financial Flows (IFFs), a persistent challenge undermining fiscal stability and economic growth.IMF Managing Director, Kristalina Georgieva, highlighted this during a recent policy dialogue on governance and fiscal resilience, emphasizing that strengthening transparency and improving …

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Nigeria’s Non-Interest Capital Market Hits ₦1.6 Trillion — SEC

Nigeria’s non-interest capital market has continued its upward trajectory, reaching a valuation of ₦1.6 trillion, according to the Securities and Exchange Commission (SEC). The development reflects growing investor confidence and a deepening commitment to ethical, Sharia-compliant finance, which is fast becoming a key pillar in Nigeria’s evolving financial landscape. The announcement was made by the …

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Nigeria’s IGR Rises by 49% — Lagos, Rivers, and FCT Lead the Pack

Nigeria’s fiscal outlook continues to evolve as new data from the National Bureau of Statistics (NBS) reveals that the thirty-six states and the Federal Capital Territory generated a total of ₦3.63 trillion as Internally Generated Revenue (IGR) in 2024, reflecting a remarkable 49.70 percent growth rate from the ₦2.43 trillion recorded in 2023. This performance …

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DMO Opens October 2025 FGN Savings Bond Offer

The Debt Management Office (DMO) has announced the opening of the October 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bond, offering Nigerian investors an opportunity to subscribe to secure, low-risk investment instruments with attractive returns. According to the DMO, the offer runs from October 6 to October 10, 2025, with settlement scheduled …

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DPH Facilitates $268.63 Million Funding for Taraba State from ECOWAS Bank

Deutsche Partners Holding (DPH) is proud to announce its pivotal role as Financial and Transaction Adviser in securing a landmark $268.63 million funding package from the ECOWAS Bank for Investment and Development (EBID) for Taraba State, Nigeria. This milestone transaction represents a major step forward in unlocking Taraba State’s economic potential and advancing sustainable development across the …

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