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Latest News

DMO Announces Subscription Offering for Federal Government Savings Bonds.

FG Raises N6.69 Billion from September Savings Bond at Rates of Up to 15.12%

September 24, 2026

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

FG and CBN Sign Six-Point Agreement to Curb Inflation and Stabilise Fuel Prices

September 24, 2026

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

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

September 22, 2026

Naira depreciates to N755/$ in the parallel market.

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

September 22, 2026

Economy

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

September 22, 2026

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease

September 17, 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

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

Lagos Ports Handle 84.6% of Nigeria’s N41.44 Trillion Merchandise Trade in Q2

September 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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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

by Jide Omodele

September 22, 2026

The naira gained against the dollar in both official and parallel foreign exchange markets on Monday, opening the week on...

Otedola acquires 5.52% of Transcorp Plc.

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

by Victoria Attah

September 21, 2026

Femi Otedola’s wealth has risen to $2 billion, according to Forbes, placing him within $100 million of Tanzania’s Mohammed Dewji...

Nigerian Banks to Demand Tax Clearance Certificate Before Customers Can Buy Dollars, Other Foreign Currencies

Foreign Exchange Turnover Falls 30.23% as Spot and Derivatives Activity Decline

by Jide Omodele

September 21, 2026

Trading in Nigeria’s foreign exchange market contracted sharply last week, with total turnover falling 30.23 per cent to $2,366.30 million...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Brent Falls to About $101.71 and WTI Drops Below $100 as US-Iran Diplomacy Hopes Rise

by Akpan Edidong

September 21, 2026

Brent crude eased to about $101.71 a barrel while US West Texas Intermediate slipped below $100 as investors assessed renewed...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

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

by Jide Omodele

September 21, 2026

Cash held outside Nigeria’s banking system increased to N4.87 trillion in August 2026, reversing three consecutive months of decline, according...

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

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

NGX Appoints an Advisory Panel on Digital Technology Products.

Rabiu and Dangote Hold Three-Quarters of $37.7 Billion in NGX Wealth Among Top Investors

September 15, 2026

Dangote Group Repatriates Over $687.98 Million to Nigeria

Dangote’s Fortune Could Climb by About $23 Billion as Refinery IPO Opens

September 14, 2026

SEC encourages youth’s participation in capital market.

SEC Proposes N3 Billion Minimum Capital for Forex Brokers, N5 Billion for Trading Platforms

September 3, 2026

Business

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

Air Peace Chairman Raises Concern Over Delay in Accessing $14 Million Held by CBN

Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

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 N1,329.15 per Dollar as Demand Rises

September 17, 2026

Naira crashes to N742/$ in the parallel market

Naira Firms to About N1,548 per Euro as Foreign Exchange Liquidity Improves

September 14, 2026

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Weakens at Official Market After Two-Day Advance

September 10, 2026

Naira depreciates to N755/$ in the parallel market.

Naira Strengthens to N1,315 per Dollar at Official Market

September 7, 2026

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