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Latest News

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

Naira depreciates to N755/$ in the parallel market.

Naira Maintains Stability Around N1,370 as Reserves Climb

President Tinubu’s Executive Orders Set to Boost Liquidity in Nigeria’s Forex Market

Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

Oil Prices Waver Near $80 as OPEC+ Meeting Looms and Supply Concerns Persist

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

Economy

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

FG Plans Massive N5.8 Trillion Treasury Bills Issuance in Q3 2026

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

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

World Bank Approves $1.25 Billion Loan for Nigeria to Drive Private Sector Growth

NNPC Lowers Petrol Price to N1,210 per Litre in Lagos and Abuja

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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Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

FX Market Liquidity Strengthens Significantly as Daily Turnover Nears $1 Billion

by Jide Omodele

Nigeria’s foreign exchange market experienced a substantial boost in activity during the first half of 2026, with daily trading volumes...

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

CBN Alerts Public to Surge in Fraudulent Messages Impersonating the Bank

by Victoria Attah

The Central Bank of Nigeria (CBN) has issued a strong warning to Nigerians about a rising wave of scam messages...

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

NDIC Disburses N37.65 Billion to Customers of Failed Banks in 2025

by Jide Omodele

The Nigeria Deposit Insurance Corporation (NDIC) paid out a total of N37.65 billion to depositors of failed banks throughout 2025,...

Federal Government to Generate N12bn Annually from new vehicle tax.

FG Cuts Import Duties on Vehicles by 50% Ahead of New Green Tax

by Victoria Attah

The Federal Government has reduced Customs import duties on vehicles by up to 50%, effective from Monday, June 29, 2026,...

FG 2053 Bond Records $364 million Subscription as Investors Seek Record Yields

DMO Plans N4 Trillion FGN Bond Issuance for Third Quarter of 2026

by Jide Omodele

The Debt Management Office (DMO) has released its borrowing calendar for the third quarter of 2026, outlining plans to raise...

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

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

Banks Generate N224.69 Billion from E-Banking and ATM Charges in Q1 2026

Elon Musk’s Wealth Crosses $1 Trillion Mark, Overtaking Nigeria’s Entire Economy

NMDPRA inaugurates oil and gas industry service permit portal.

NNPCL Records N4.97 Trillion Revenue and N481 Billion Profit in April

Business

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

Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge

Petrol Price Climbs to N1,596 per Litre in May, Edo Leads States

NEC Affirms CBN $3 Billion Loan for Naira Stability

Liquidity Surge in Nigeria’s Financial System Raises Questions as CBN Maintains Tight Policy

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

Private Sector Credit Expands to N81.04 Trillion in May Despite Tight Monetary Policy

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 appreciated to N738/$ in the Parallel Market

Naira Holds Firm at N1,380/$ as FX Inflows Reach One-Year High

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Depreciates to N1,385/$ in Parallel Market Amid Tight Dollar Supply

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

Naira Weakens Slightly to N1,370.64/$ at Official Market

Naira Drops to N430.67 at the I&E Window Despite 163% Increase in Liquidity

Naira Weakens to N1,361.5/$ as FX Market Turnover Drops Sharply

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