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Economy
Naira Strengthens Below N1,360/$ for First Time in Four Weeks as Forex Reforms…
Nigeria's currency recorded a significant milestone on Thursday as the naira strengthened below the N1,360/$ mark…
Asia-Pacific Markets Slide as Middle East Tensions Surge and Oil Prices Climb
Asia-Pacific stock markets fell on Thursday as renewed tensions in the Middle East between Iran, the United States,…
Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising…
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a…
Telecom Sector Attracts Just $7.24m Foreign Capital in Q1 2026 Despite Tariff Hike
Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first…
Africa Can Unlock $469bn Annually Without Raising Taxes – AfDB Pushes Efficiency…
Africa has the potential to unlock more than $469bn in additional annual revenue without increasing tax rates,…
Tinubu, African Leaders Seek Stronger Global Investment Partnerships at London…
President Bola Tinubu has joined fellow African leaders in calling for stronger partnerships with global financial…
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third…
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market…
Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian…
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a…
NGX Group Calls for Stronger Capital Market Integration into Monetary Policy…
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s…
CBN FX Manual Reform: Cardoso Bets on Rules to Stabilise Nigeria’s Foreign…
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that…
Naira Strengthens to N1,833/£1 as CBN Policies and FX Reserves Support Stability…
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around…
Nigeria’s China Zero-Tariff Deal Faces Reality Check as Experts Demand Shift to…
More than a month after Nigeria was included in China’s zero-tariff arrangement for African exports, expectations…
Afreximbank deploys new instruments, trading models for AfCFTA
The African Export-Import Bank (Afreximbank) is ramping up efforts to turn the African Continental Free Trade Area…
Dangote Crowned Africa’s Most Admired Brand for Eighth Consecutive Year
Dangote Industries Limited has once again solidified its reputation as a continental powerhouse after being named…
NGX Loses N2.29 Trillion as Market Sell-Off Deepens in Early June Trading
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market…
Tinubu’s Economic Reforms Propel Nigerian Stock Market to Record N160 Trillion
Nigeria's stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian…
DisCos Generate N600bn in Q1 Despite Persistent Power Outages Across Nigeria
Nigeria's Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first…
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global…
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77…
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN)…
CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead…
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside…
Nigeria Courts Turkish Investors in Bold Push to Tap $750bn Mineral Wealth
Nigeria has taken a major step to unlock its vast mineral wealth as it signs a new partnership with Türkiye…
Naira Misses Africa’s Top 10 Currencies in May Despite FX Stability and Rising…
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s…
Nigeria Makes History as Capital Market Shifts to Faster T+1 Settlement Cycle
Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle,…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments…
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028,…
Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings,…
Nigeria's booming fintech sector has become one of the country's biggest success stories, but a financial markets…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a…
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026,…
NGX Stock Market Turnover Drops 31% to N111bn Amid Holiday-Shortened Trading Week
The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about…
NECA: Economic Reforms Fail to Ease Pressure on Nigerian Businesses Amid Rising…
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says…
Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL…
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following…