Nigeria’s FX Reserves Rise to $50.4bn – CBN Governor Cardoso
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13 years, according to…
Day: February 24, 2026
Temi Popoola Urges Collaborative Efforts to Boost Sustainable Capital in Emerging Markets
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized the need for closer…
PenCom Regulation Could Unlock N1.6 Trillion for Nigerian Equities in 2026
The National Pension Commission (PenCom) has unveiled a revised regulation allowing Pension Fund Administrators (PFAs) to expand equity investments across…
Nigerian Stock Market Gains N805bn as Market Capitalisation Hits N125.97 Trillion
The Nigerian stock market kicked off the week with a strong performance, extending its winning streak to four consecutive trading…
How Nigeria’s Naira Rally Can Be Sustained in 2026 – Expert Insights
Nigeria’s naira continues its impressive comeback, marking its strongest performance in 13 years with a 7.5 percent gain last year,…
Tinubu Defends Executive Order on Oil Revenue Amid Legal Controversy
President Bola Tinubu has defended his controversial Executive Order (EO9), which halts revenue deductions previously made by the Nigerian National…
Nigeria’s AI Industry Surpasses 120 Startups Amid Funding Challenges
Nigeria’s artificial intelligence (AI) ecosystem is rapidly expanding, now hosting over 120 active startups across sectors like healthtech, fintech, agritech,…
Top 10 Largest Companies in Nigeria by Market Value in 2026: MTN, BUA Foods, Dangote Cement Lead
The Nigerian Exchange (NGX) continues to showcase the strength of the country’s biggest firms, with the top 10 companies now…
African Green Projects Seek $3.09 Billion Funding at Africa Green Economy Summit 2026
Green projects across Africa are aiming to secure around $3.09 billion in funding as investors prepare to explore a curated…
Canva Expands Creative Suite with Cavalry and MangoAI Acquisitions to Boost Animation and Marketing
Creative platform Canva has made two strategic acquisitions to enhance its capabilities in animation and marketing technology. On Monday, the…
Fiscal Reforms Drive Nigerian Capital Market Beyond N125 Trillion – Oyedele
Nigeria’s capital market has surged past N125 trillion, a milestone attributed to ongoing fiscal reforms aimed at strengthening investor confidence…
Global Mobility Boosts Nigeria’s Economy, Not Capital Flight — Optiva Capital Chairman
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national resources, according to Mr.…
Naira Dips to N1,353.5/$ Ahead of 304th MPC Meeting
The Nigerian naira weakened slightly in the official foreign exchange market on Monday, closing at N1,353.5/$, up from N1,348/$ recorded…
NNPC Faces Liquidity Risks After Tinubu’s Oil Revenue Executive Order
Analysts have raised alarms over the potential liquidity crunch for the Nigerian National Petroleum Company Limited (NNPCL) following President Bola…
Nigerian Telecoms Rebound as Banks Settle N300bn USSD Debt, Boosting Investor Confidence
Investor confidence is returning to Nigeria’s telecommunications sector following the resolution of a long-standing N300 billion Unstructured Supplementary Service Data…
NGX Suspends Zichis Agro-Allied Trading Amid Investigation Over Surging Shares
The Nigerian Exchange Limited (NGX) has suspended trading in Zichis Agro-Allied Industries Plc shares, following unusually high price movements since…
Europe Stocks Poised for Positive Start Amid U.S. Tariff Concerns
European markets are set to open broadly positive on Tuesday as investors digest the impact of the latest U.S. tariffs.…
CBN Drives Cross-Border Payment Reforms to Boost Nigerian MSMEs
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and financial inclusion for…
Ondo Signs MoUs to Launch Deep Seaport and Fertilizer Plant
The Ondo State Government has taken a major step toward reshaping its economic future with the signing of Memoranda of…
Nigeria Capital Market Contribution to GDP Hits 33% as Market Cap Surges by ₦68.83tn
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic Product rising from 13…
FG Targets $5.7bn China Investment Deal to Boost Power, Mining and Manufacturing
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming key sectors of the…