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Latest News

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Directs International Money Transfer Operators to Open Naira Settlement Accounts with Local Banks

Central Banks Ramp Up Gold Purchases as Geopolitical Risks Fuel De-Dollarisation Drive

Food inflation and energy costs have eroded global living standards – IMF

Global Inflation Outlook Dims as Energy Shock Tests Disinflation Progress

Nigeria’s Oil Production Deficit May Persist Despite TotalEnergies’ Production From the Ikike Field

OPEC Faces Major Supply Shock as Middle East Conflict Disrupts Oil Flows

Economy

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

NGX Records 8.76 Billion Shares Traded in Three-Day Week as ICT Sector Dominates Activity

Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

CBN Signals Path to Single-Digit Inflation with Shift to Inflation-Targeting Framework

Oil Prices Poised for Sixth Consecutive Weekly Increase Amid Output Cut Commitments.

Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Production Shortfalls

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Providus Bank Confirms N65 Billion Capital Base, Meets CBN Regional Requirement Since January 2025

Market

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

Ghana Reaches Agreement on Eurobond Restructuring: Key Details Explained

Nigeria’s DMO Targets N800 Billion in February Bond Auction as Yields Hover Near 20%

February 17, 2026

OPEC – Nigeria’s oil production decreases to 972 tb/d

Nigeria’s Crude Oil Output Rises to 1.459 Million bpd in January 2026, Still Below OPEC Quota

February 12, 2026

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The US dollar’s international dominance slowly being eroded.

Naira Slips for Third Straight Session as Reserves Dip Below $50 Billion Mark

by Stephen Akudike

The Nigerian naira weakened in the official foreign exchange market for the third consecutive trading session, closing at N1,353.90 per...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slumps as Global Central Banks Signal Tighter Policy Amid Oil Surge

by Stephen Akudike

The US dollar weakened significantly this week, retreating from recent multi-month highs as escalating energy prices and shifting global monetary...

Uber Partners with Waymo to Introduce Self-Driving Cars, Advancing Autonomous Driving.

Uber Highlights N6.1 Billion Annual Driver Earnings in Nigeria Amid Ongoing Lagos Strike

by Stephen Akudike

Uber Technologies Inc. has disclosed that its platform facilitated a collective N6.1 billion in additional annual earnings for drivers across...

Nigeria Market Highlights: Japaul Gold Ventures Leads Most Active Gainers, FCMB Surges By 7.03%

NGX Market Cap Dips Below N130 Trillion as Profit-Taking Takes Hold

by Jide Omodele

The Nigerian Exchange Limited (NGX) witnessed a mild retreat on Wednesday, March 18, 2026, with the All-Share Index declining 0.69%...

Dangote Refinery: Weep Not Child By Duke of Shomolu

Dangote Refinery Imported $3.74 Billion Worth of Crude in 2025 – CBN Data Reveals

by Stephen Akudike

Nigeria imported crude oil valued at $3.74 billion linked to the operations of the Dangote Petroleum Refinery in 2025, according...

Popular posts

Politics

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

“U.S. National Debt Rises By $1 Trillion Every 100 Days

Nigerian Students Face Visa Freeze as U.S. Tightens Grip on Social Media Vetting

Nigeria Faces Tax Hikes on Alcohol, Tobacco, and Sugary Drinks to Unlock $750M World Bank Loan

Wealth

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Schedules N1.05 Trillion Treasury Bills Auction for March 5.

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

Investors Pocket N1.4 Trillion as Dangote Cement, Aradel and Banks Power NGX Surge

February 10, 2026

Gold Rebounds Above $5,000 as Dollar Weakens and Geopolitical Risks Linger

February 4, 2026

Nigeria Customs Service Modernisation Project Aims to Generate $200bn in Revenue

Nigeria Customs Service Surpasses N7.2 Trillion Revenue Target in 2025

January 27, 2026

Business

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

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

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

Multichoice to Launch Integrated Payments Platform

Showmax to be shut down by MultiChoice after 11 years.

Technology

AI chatbot ChatGPT stumbles as it reaches its limitations of intelligence.

ChatGPT Incorporates Content from Elon Musk’s Controversial Grokipedia in Responses

January 26, 2026

GDP in Euro Area Declines by 0.1%, While EU Records a Modest 0.1% Increase

EU Fines Delivery Hero and Glovo €329M for Online Food Delivery Cartel

Airtel Nigeria Witnesses Surge in Data Consumption and Revenue Growth Amid 4G Expansion.

Airtel Drives Nigerian Stock Market to Record High, Surpassing N70 Trillion Mark

NCC warns against the insecurity of WhatsApp.

Global WhatsApp Outage, Nigerians are feeling the Heat

Currency

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

Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

Naira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply

Naira depreciates to N744/$ in the parallel market.

Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows

NEC Affirms CBN $3 Billion Loan for Naira Stability

Strong Investor Demand Fuels Oversubscribed Treasury Bills Auction as CBN Allots N1.01 Trillion

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