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SMEDAN Seeks CBN Licence for Microfinance Bank as FG Targets One Million New Small…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied to the Central Bank of Nigeria…
European Markets Open Flat Ahead of Central Bank Decisions
European markets opened slightly above the flatline on Thursday, with investors adopting a cautious stance ahead of…
Banks Strengthen Capital Base as CBN Tightens Oversight Ahead of 2026 Deadline
Nigeria’s Deposit Money Banks are reinforcing their capital positions as the Central Bank of Nigeria intensifies…
Dollar Slides After Delayed U.S. Jobs Data Signals Fed Caution
The U.S. dollar weakened against major global peers on Tuesday after delayed economic data revealed…
FG to Launch ₦1.23 Trillion Power Sector Bond to Clear GENCOs’ Debt and Restore…
The Federal Government of Nigeria has concluded plans to launch a ₦1.23 trillion Power Sector Bond as part of a…
World Bank Scores Nigeria’s Education Skills Project Satisfactory
Nigeria’s drive to strengthen professional skills in procurement and environmental standards has received a major…
Fuel Prices Remain Above N800 in Lagos Despite Dangote Refinery Cuts
Fuel prices in Lagos and other parts of Nigeria have begun to show slight reductions following a significant cut in…
FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending
Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply,…
Dangote’s N739 Petrol Price Fails to Launch as Rift with NMDPRA Escalates
Consumers across Lagos and other states were left frustrated yesterday as the N739 per litre petrol price announced…
CBN Governor Olayemi Cardoso Highlights Nigeria’s Economic Reforms to US Investors
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and…
NGX Index Edges Up 0.01% as Access Corp Leads Trading Surge
The Nigerian Exchange (NGX) closed marginally higher on Tuesday, with the All Share Index inching up 0.01% to…
Nigeria’s Crude Oil Exports Hit N37.7 Trillion in Nine Months, Driving FX…
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the latest…
Nigeria’s Top 10 Import Partners in Q3 2025: China, US, and India Lead the Pack
Nigeria’s import market in the third quarter of 2025 remained largely concentrated around a core group of global…
CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches
The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and…
European Markets Rise as UK Inflation Cools, Sterling Slips Ahead of Central Bank…
European stock markets opened broadly higher on Wednesday as investors positioned themselves ahead of a busy week…
Dollar to Naira exchange rate today, December 17, 2025
The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025,…
Dangote Group Appoints Ex-CBN Director Mahmud Hassan as Group Chief Economist
Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former…
Big Banks’ FX Gains Fall to Three-Year Low as Nigeria’s Banking Sector Shifts…
Nigeria’s biggest banks are seeing a sharp slowdown in foreign exchange (FX) gains, once a major source of profits,…
Analysts Predict Shift to Fundamentally Strong Stocks in Nigeria’s Stock Market…
As year-end trading activities gather pace, capital market analysts say investors are increasingly…
Nigeria’s Trade Balance Surges 43% to ₦19.3tn in Nine Months — NBS Data
Nigeria’s trade balance recorded a great improvement in the first nine months of 2025, rising by 43.8 per cent…
Bright Simons Warns Bank of Ghana’s Non-Interest Banking Rebrand Risks Confusion…
Bright Simons, Vice President of policy think tank IMANI Africa, has raised serious concerns about the Bank of…
Nigeria Spends N8.64 Trillion on Imported Boilers, Machinery, and Appliances in…
Nigeria has spent a staggering N8.64 trillion on imported boilers, machinery, and appliances in the first nine…
CBN Approves 82 BDC Licenses: Forex Traders Expect More Approvals Soon
Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of…
Dangote Petrol Price War: How Nigeria’s Fuel Market Faces a Brutal Downstream…
Nigeria’s downstream petroleum sector is in the grip of a fierce price war following Dangote Petroleum Refinery’s…
Idle NNPC Refineries Drive Nigeria’s Petrol Imports Despite Dangote Output
Nigeria’s dependence on imported petrol deepened in November as marketers blamed the continued dormancy of…
European markets open lower as investors await key central bank decisions
European stock markets are set to open lower on Tuesday, giving back early-week gains as investors brace for a…
Nigeria Inflation Eases to 14.45% as OPS Calls for MSME Credit Support
Nigeria’s headline inflation rate declined to 14.45 per cent in November 2025, marking a further easing in consumer…
NGX Gains ₦3bn as Cautious Trading Reflects Investor Selectivity
The Nigerian equities market closed the first weekday of trading on a modest positive note, with the Nigerian…
FG Set to Forfeit N1.4 Trillion in 2026 Through 5% Corporate Tax Cut to Boost…
The Federal Government of Nigeria is set to give up approximately N1.4 trillion in revenue in 2026 by reducing the…
99% of Nigerian Stock Market Investors Exempt from Capital Gains Tax, Says FG
The Federal Government has assured Nigerian investors that the vast majority of participants in the stock market…