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Latest News

First Bank, Ecobank, 4 Others Generate N891bn from Loan to Customers in H1 of 2023

OPay Estimates 57.4% Share of Nigeria’s Digital Loan Disbursements in 2025

October 12, 2026

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

States and FCT Collect N2.64 Trillion in PAYE as Payroll Taxes Surge

October 12, 2026

JP Morgan Predicts Naira at N850/$ by Year-End

JP Morgan and Absa Eye Nigerian Merchant Banking Licences as Reserves Reach $55 Billion

October 12, 2026

Jeff Bezos Sells Over $2 Billion Worth of Amazon Shares in Strategic Divestment Move

Jeff Bezos Climbs to World’s Second-Richest as Fortune Surges $122 Billion

October 12, 2026

Economy

World Bank: Naira Shows Greater Resilience Than Many African Currencies

October 8, 2026

Nigeria’s GDP increased by 3.52% in the fourth quarter of 2022.

Tinubu Sets 20–25% Manufacturing Share of GDP Target by 2030

October 8, 2026

Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

DisCos Collect N603.64 Billion in Q2 Despite Lower Power Offtake

October 5, 2026

Gold Prices Slide to Three-Week Low Amid Fed Rate Hike Warnings

High Gold Prices Accelerate Africa’s Drive for Domestic Refining

October 5, 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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Pound Slumps as UK Economic Contraction Exceeds Expectations in July

Naira Extends Gains Against Pound, Settles at N1,767

by Victoria Attah

October 8, 2026

The naira continued its recent appreciation against the British pound, closing at N1,767 per pound on the official market on...

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

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

by Jide Omodele

October 8, 2026

The naira lost ground against the US dollar on Monday, 5 October 2026, trading at N1,331.6875 per dollar on the...

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Dangote Refinery Halts Petrol Sales to Importing Marketers

by Rate Captain

October 6, 2026

The Dangote Petroleum Refinery has stopped supplying Premium Motor Spirit to major marketers that import petroleum products into Nigeria, according...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Returns N10.89 Trillion via OMO Maturities in September but Withdraws N6.62 Trillion Net

by Jide Omodele

October 6, 2026

The Central Bank of Nigeria repaid approximately N10.89 trillion to the banking system in September 2026 through the maturity of...

FMDQ Markets Record $557.8 Million Turnover Amidst Decrease in Derivatives Activity

FMDQ Foreign Exchange Turnover Falls 35.41% to $1.70 Billion as Spot Activity Slows

by Jide Omodele

October 6, 2026

Total foreign-exchange turnover on the FMDQ market declined 35.41 per cent, or $930.18 million, to $1.70 billion in the week...

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

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

Dangote Refinery: Weep Not Child By Duke of Shomolu

Dangote Refinery IPO Draws N1.5 Trillion in Six Hours as Bamboo and Cowrywise Apps Struggle

September 15, 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 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

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

Naira Weakens to N1,329.15 per Dollar as Demand Rises

September 17, 2026

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