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Economy
IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total…
Dangote Named Africa’s Most Admired Brand for 8th Straight Year
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top…
Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up…
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54…
Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign…
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement…
Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340%…
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus…
Lagos Targets $300 Billion Economy, Strengthens Position as Africa’s Investment…
Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to…
Nigeria Seeks €59m EU Support to Combat Illegal Fishing and Boost Blue Economy
Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme…
CBN Tightens FX Rules, Slaps N100 Million Fine on Banks Over Non-Compliant…
The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing…
Dangote Refinery IPO Could Lift NGX Market Cap to N236 Trillion – Rewane
Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial…
Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax…
Global Markets in Turmoil as Middle East Tensions Spark Sell-Off — Asia Leads…
Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a…
Equities market succumbing to rising risk, loses nearly N5tr in one week
Nigeria’s equities market suffered one of its steepest weekly declines in recent years, with investors losing…
CBN Mops Up N3.04 Trillion in Massive OMO Auction as Investor Demand Hits Record…
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors…
Nigeria Stock Market Decline Deepens as Analysts Explain N5.14 Trillion Drop
The Nigerian stock market has entered a sharp correction phase, erasing more than N5.14 trillion in market value…
NGX Market Crash: Investors Lose N5.15 Trillion in Just Four Trading Days Amid…
The Nigerian stock market has suffered a sharp setback as investors on the Nigerian Exchange Limited (NGX) lost a…
UK Calls Nigeria Stability a Priority Amid Rising Economic and Electoral Interests
The British Government has emphasized that Nigeria’s stability remains a top priority, citing its deep economic,…
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…