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Naira Slips to N1,375/$ as Dollar Strengthens on Middle East Tensions and Global…
The naira recorded a mild depreciation on Monday, closing at N1,375 per dollar in the official foreign exchange…
CBN Drains Record N30tn Liquidity as Election Spending Fears Mount
The Central Bank of Nigeria (CBN) has intensified its monetary tightening measures ahead of the 2027 election…
Nigeria Stock Market Crosses N160tn as Investor Confidence Drives Historic Rally
Nigeria’s equities market recorded a historic milestone on Monday as the market capitalisation of the Nigerian…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
CBN Rallies State Governments for Inflation Targeting Reform to Stabilise…
The Central Bank of Nigeria (CBN) has called on state governments to play a stronger role in supporting the…
Nigeria Money Market Stays Liquid Despite CBN Tightening as Billions Flow in from…
Nigeria’s money market continued to show strong liquidity this week, even as the Central Bank of Nigeria maintained…
NNPC Clarifies China Refinery Deal: No Fresh Spending on Port Harcourt, Warri…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its recently signed agreement…
Nigeria Receives 164,000MT Imported Fuel Amid Fresh Petrol Import Licences and…
Nigeria has recorded the arrival of about 164,000 metric tonnes of imported petroleum products, as new cargo…
Nigerian Startups Raise $4m in April 2026 as Fintech Dominates Funding Amid Slow…
Nigeria’s startup ecosystem recorded a modest recovery in April 2026, attracting about $4 million in disclosed…
PFA grows revenue to N42.4 billion, declares N2 dividend
Access ARM Pensions has reported a strong financial performance for the 2025 fiscal year, its first…
Top Nigerian Banks Cut Lending by Nearly 25% as Economic Risks Rise
Nigeria’s banking sector is tightening its grip on lending as economic uncertainty, high interest rates, and…
Nigeria to Sanction Poor Telecom Operators as NCC Tightens Service Quality…
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has urged telecommunications…
CBN Urges States to Curb Overdraft Dependence as Inflation Targeting Reform…
The Central Bank of Nigeria (CBN) has called on state governments to reduce their dependence on overdrafts…
NGX Market Capitalisation Hits N157 Trillion as Investors Trade N324 Billion Worth…
The Nigerian stock market ended the week on a positive note as the Nigerian Exchange Limited recorded a 0.71…
Top 10 Equity Mutual Funds in Nigeria by YTD Returns (April 2026) Amid Strong…
Nigeria’s equity mutual fund space is seeing renewed attention from investors as strong stock market performance…
FG Threatens Sanctions as Nigerians Lament Poor Telecom Service Quality
Nigeria’s Federal Government has issued a strong warning to telecommunications companies over the worsening quality…
Nigeria’s External Reserves Drop by $855 Million in Five Weeks Amid Forex Pressure
Nigeria’s external reserves declined by approximately $855 million within five weeks, highlighting renewed pressure…
Nigeria’s Power Crisis Deepens Despite 300% Tariff Hike as Consumers Pay More for…
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are…
NUPENG Backs NNPC, Urges Transparency in Warri, Port Harcourt Refinery Revival MoU
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed strong support for the efforts of…
Nigeria Economic Reforms Strengthen Resilience Amid Global Uncertainty
Nigeria’s bold economic reforms over the past two years—though painful and controversial—are now being closely…
NGX Market Capitalisation Falls to N153.86tn as Heavy Selloffs Hit Blue-Chip…
The Nigerian equities market closed lower on Thursday as sustained selloffs in major listed companies wiped out…
Pension Fund Investments in Nigerian Equities Surge 27% Amid Stock Market Rally
Nigeria’s pension fund industry recorded a sharp increase in exposure to domestic equities in the first quarter of…
Lagos Estates Face Soaring Electricity Costs as Poor Grid Supply Forces Heavy…
Residents of gated housing estates across Lagos are experiencing a sharp rise in electricity costs, with monthly…
FX reforms stabilize Nigeria automotive industry despite rising costs
The Association of Automobile, Boatyards, Transport Equipment and Allied Employers of Nigeria (AABTEAEN) says…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary,…
NGX RegCo Recovers N500 Million for Investors in Crackdown on Market Infractions
Nigeria’s capital market received a confidence boost as NGX Regulation Limited (NGX RegCo) announced it has…
Reps Blame NCC Over Poor Telecom Services Nationwide, Demand Stronger Regulation
Nigeria’s House of Representatives has strongly criticised the Nigerian Communications Commission (NCC) over what…
Nigeria Capital Market Inflows to Hit N10.53trn in May – FMDA Forecasts Liquidity…
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association…
Naira Exchange Rate Strengthens Against US Dollar, Nears N1,350 Mark Amid Market…
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on…
Tier-One Banks Post N14.9 Trillion Earnings in 2025 as Interest Rate Pressures…
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United…