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Economy
Bank Deposits with CBN Drop to N92.32trn After Interest Rate Cut as Liquidity…
Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following…
Concerns Mount Over Delayed Release of Nigeria’s 2026 Budget Details After…
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance,…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key…
This week’s global business landscape is shaping up with major developments across energy, media, and economic…
Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability…
The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per…
Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New…
Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the…
CBN to Raise N700 Billion via Treasury Bills Auction in May 2026 Amid Strong…
The Central Bank of Nigeria (CBN) has announced plans to raise N700 billion through its Nigerian Treasury Bills…
Naira Gains Slightly as FX Liquidity Hits $10bn in April, Trade Activity Surges
The Nigerian naira closed April 2026 on a slightly stronger note, supported by improved liquidity in…
Naira Ends Losing Streak as FX Liquidity Improves, Trades at N1,379/$ Amid…
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a…
Naira Strengthens Slightly Against Dollar as FX Turnover Surges in Nigerian…
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in…
Nigeria PMI Falls to 49.4, Signals First Economic Contraction in 16 Months
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped…
East Africa Attracts $4.1bn Investment as Reforms Drive Capital Surge Across…
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC)…
Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX…
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at…
FGN Bond Auction Draws N948bn in Strong Investor Demand Across Three Maturities
Nigeria’s domestic debt market recorded a strong showing in April 2026 as the Federal Government’s latest bond…
Dangote Refinery Says Petrol, Diesel Prices Are Being Subsidised Amid Rising Crude…
A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising…
Naira Outperforms African Currencies Despite Rising FX Pressure
Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global…
PenCom Policy Review Sparks N15.53 Trillion Nigerian Stock Market Rally in 14…
Nigeria’s equities market recorded a remarkable surge, adding about N15.53 trillion in value over 14 consecutive…
No New Vehicle Tax Introduced by Federal Government, NRS Clarifies Viral Claim
The Nigeria Revenue Service (NRS) has debunked a viral social media infographic suggesting that the Federal…
Bank Recapitalisation in Nigeria: Tinubu Commends CBN’s Cardoso Over Bold…
President Bola Ahmed Tinubu has commended the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for…
CBN Mops Up N2.8 Trillion from Banks to Tighten Liquidity and Stabilise Naira
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilise the foreign exchange market and…
Dangote Refinery Expansion to Create 95,000 Jobs as Capacity Hits 1.4 Million…
Aliko Dangote, President of the Dangote Group, has announced that the ongoing expansion of the Dangote…
Nigeria’s Top Firms Pay Record N2.32 Trillion in Taxes as Banks Drive Corporate…
Nigeria’s largest listed companies have set a new tax record, collectively paying N2.32 trillion in corporate…
NGX Market Rallies as Financial Services Sector Drives N213bn Weekly Equity…
The Nigerian Exchange Limited (NGX) recorded a stronger trading week as investors exchanged a total of 3.8 billion…
Nigerian Stock Market Gains N861bn as Blue-Chip Stocks Drive Strong Rally
The Nigerian stock market closed on a strong bullish note, adding about N861 billion in market value as renewed…
Nigeria Fixed Income and Currency Markets Hit N193.2 Trillion Turnover in Q1 2026…
Nigeria’s fixed income and currency markets recorded a strong performance in the first quarter of 2026, with total…
CBN Seeks Private Sector Partnership to Boost Value Addition in Nigeria’s Raw…
The Central Bank of Nigeria (CBN) has announced plans to deepen collaboration with the private sector to enhance…
Nigeria Export Trade Struggles: Federal Constraints Undermine ₦128bn State Export…
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue…
VAT Disbursement Rises 30% to N551.77bn in February 2026 as States Record…
VAT allocations to Nigeria’s 36 states and the Federal Capital Territory climbed sharply in February 2026, rising…