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Latest News

Nigeria Procures $1.5 Billion Loan from the US to Support Solar Power Infrastructure

Solar Panel Imports Surge to 2.9 Million Units Worth N435bn in 2025 as Power Outages Persist

LIRS Shuts 34 Companies Over Tax Non-Compliance

LIRS Extends Deadline for Individual Tax Returns Filing to April 14

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Faces Fresh Pressure as US Dollar Index Climbs to 10-Month High

NGX Appoints an Advisory Panel on Digital Technology Products.

Nigeria’s Economic Reforms Driving Strong Domestic Capital Mobilisation – NGX CEO

Economy

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

Banks Raise N4.6 Trillion in Recapitalisation Exercise as Sector Prepares for Lending Battle

Nigeria’s Opportunity: Navigating Global Oil Surge Amid Libya’s Top Oilfield Disruption

US Cuts Nigerian Crude Imports by Nearly 50% in January 2026

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Cuts Petrol Gantry Price to N1,200 per Litre Amid Global Oil Uncertainty

Union Bank Completes Delisting Procedure from NGX

Federal High Court Nullifies CBN’s Dissolution of Union Bank Board, Orders Immediate Reinstatement

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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NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Blacklists Chronic Loan Defaulters, Bars Them from Banking Services

by Stephen Akudike

The Central Bank of Nigeria (CBN) has imposed strict restrictions on banking services for “chronic defaulters” and large-ticket obligors with...

$26 Billion for unidentified source passed through Binance-Cardoso

32 Banks Meet CBN Recapitalisation Targets Ahead of Deadline – Cardoso

by Stephen Akudike

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have already satisfied the...

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

CBN Lowers Yields on Two Tenors at March 25 Treasury Bills Auction Amid Liquidity Glut

by Stephen Akudike

The Central Bank of Nigeria (CBN) reduced interest rates on two key maturities at its Treasury Bills auction held on...

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

NGX Market Cap Drops Below N129 Trillion as Profit-Taking Weighs on Banking Stocks

by Stephen Akudike

The Nigerian Exchange Limited (NGX) reversed its recent upward momentum on Wednesday, March 25, 2026, as sustained profit-taking in major...

DMO Announces Subscription Offering for Federal Government Savings Bonds.

FG Opens Subscription for N750 Billion March Bond Offer

by Jide Omodele

The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for N750 billion worth of Federal Government of...

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

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

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

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

The US dollar’s international dominance slowly being eroded.

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

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

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