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Latest News

JP Morgan Projects Naira to Appreciate and Settle at N600/$.

JPMorgan Deposits ₦50 Billion with CBN in Bid for Merchant Banking Licence

October 21, 2026

World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

World Bank Ties $500 Million Loan to Nigeria’s Reform Progress

October 20, 2026

NMDPRA inaugurates oil and gas industry service permit portal.

Crude Oil Near $110 Puts Fresh Pressure on Petrol and Diesel Prices in Nigeria

October 20, 2026

Naira depreciates to N755/$ in the parallel market.

FX Trading Falls 22% to $2.62 Billion as Forward Deals Plunge

October 20, 2026

Economy

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Seen Holding in N1,290–N1,370 Range Through October

October 19, 2026

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

7% Economic Growth Ambition Hinges on Currency Calm and Cheaper Food

October 19, 2026

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

NNPC Advances IPO Preparations, Addresses Governance and Reporting Shortfalls

October 15, 2026

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

IMF Urges Nigeria to Avoid Blanket Petrol Subsidy Return

October 15, 2026

Market

Nigeria’s Inflation Climbs to 19.6% in July 2022

Cost of Healthy Diet Rises to N1,541 Per Day as Food Expenses Climb

Dangote Refinery Obtains License to Process 300,000 Barrels of Crude Daily

Dangote Refinery Expansion to 1.4 Million Barrels Per Day Expected to Create 95,000 Jobs

Nigerian Stock Market Witnesses N35 Billion Dip in Market Cap as Key Stocks Decline

Investors Pocket N1.7 Trillion as NGX Banking and Industrial Stocks Rally

February 20, 2026

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

February 17, 2026

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Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Bank Lending to Manufacturers Drops 26.8% to N5.19 Trillion, CBN Data Show

by Victoria Attah

October 19, 2026

Outstanding bank credit to Nigeria’s manufacturing sector fell 26.8 per cent year-on-year to N5.19 trillion in June 2026, according to...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Financial Services Account for $9.64 Billion as Nigeria’s FX Demand Hits 15-Year High

by Jide Omodele

October 15, 2026

Financial services absorbed $9.64 billion, or 52.58 per cent, of Nigeria’s total foreign-exchange utilisation of $18.34 billion in the second...

Naira depreciates to N755/$ in the parallel market.

Foreign Reserves Climb to $58.81 Billion, Highest in Nearly 18 Years

by Stephen Akudike

October 14, 2026

Nigeria’s foreign-exchange reserves rose to $58.81 billion on 12 October 2026, their highest level since 19 November 2008, when the...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

Naira Weakens to N1,332.10 at Official Window as Parallel Market Holds Steady

by Jide Omodele

October 14, 2026

The naira opened the week lower against the US dollar on the official foreign-exchange market, according to Central Bank of...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Records N6.29 Trillion Profit in Nine Months as IPO Demand Increases.

by Akpan Edidong

October 14, 2026

Dangote Petroleum Refinery and Petrochemicals reported net income of N6.29 trillion for the nine months ended 30 September 2026, as...

Popular posts

Politics

House of Representatives Recovers N521.77 Million Unremitted VAT from CBN

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Debt Repayments Overshoot 2025 Budget Allocation by N1.9 Trillion

FG’s First-Half Budget Performance Falls Short: Economic Consequence

Nigeria’s Projected N20.12 Trillion 2026 Deficit Risks Crowding Out Private Sector Credit

January 29, 2026

Crude Oil Prices Soar as Global Supply Shortage Intensifies.

Finance Ministry Denies Collapse of $5 Billion Oil-Backed Loan Deal

Wealth

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Dangote Refinery Halts Petrol Sales to Importing Marketers

October 6, 2026

Otedola acquires 5.52% of Transcorp Plc.

Otedola’s Fortune Reaches $2 Billion as FirstHoldCo Crosses N7 Trillion Market Cap

September 21, 2026

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline

September 21, 2026

NEC Affirms CBN $3 Billion Loan for Naira Stability

Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September

September 17, 2026

Business

NGX Fines Banks N76.8 Million for Late Financial Reporting

Court Hits 21 Unlicensed Investment Firms with N30 Million Fines Each

September 29, 2026

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Sterling, AIICO and Fidelity Lead Volumes as NGX Gains About N315 Billion

September 17, 2026

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

September 8, 2026

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Delays New Equity Pricing Rules as Investors Await Fresh Launch Date

August 17, 2026

Technology

Elon Musk claims to donate almost $2 billion to charity.

Starlink Dominates African Internet Speeds, Outperforming Local Providers in 22 Markets

WhatsApp launches online payment channels through chats

WhatsApp to End Support for Older iOS Devices from November 2026

Aliko Dangote’s Wealth Drops by N1.45 Trillion Following Naira’s Exchange Rate Change

Dangote revives Peugeot in Nigeria as auto assembly restarts in Kaduna

Apple shares decline due to lower projected December quarter revenue.

Apple’s New Siri to Feature Auto-Delete Chat Option for Enhanced Privacy

Currency

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Weakens to N1,331.69 at Official Window as Parallel Market Eases

October 8, 2026

Naira depreciates to N745/$ in the parallel market

Naira Breaks Below N1,500 Against Euro for First Time Since April 2024

October 5, 2026

NEC Affirms CBN $3 Billion Loan for Naira Stability

NFEM Turnover Drops 17.7% to $2.25 Billion as CBN Lowers Benchmark Rate to 23%

September 28, 2026

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

September 22, 2026

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