The Minister of State for Finance, Doris Anite-Uzoka, on Thursday announced plans to begin payments for the 2024 and 2025 capital budgets to ministries, departments, and agencies (MDAs).

The naira exchange rate dropped further at the Apex Bank’s official FX window due to increasing demand for foreign payments by eligible market participants.

Nigerian Exchange (NGX) market capitalisation climbed near N124 trillion on Thursday as equities investors’ portfolio value surged by about N1.7 trillion.

As Africa seeks to capitalize on surging global demand for critical minerals to drive GDP growth and industrialization, regional collaboration is emerging as a strategic imperative to unlock the continent’s full resource potential.

Mr Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says cross-border payments are becoming the backbone of the international monetary and financial system globally.

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