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Latest News

NMDPRA inaugurates oil and gas industry service permit portal.

Nigerian Crude Surges to 10-Day High as US-Iran Tensions Disrupt Key Oil Route

DMO Announces Subscription Offering for Federal Government Savings Bonds.

FG to Issue N729 Billion Bond to Settle Legacy Debts Owed to Power Generators

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

NRS Gives Large Taxpayers July 31 Deadline to Fully Adopt E-Invoicing System

CBN Raises N1.19 Trillion at July 15 Treasury Bills Auction

Economy

Currency in circulation drops massively in the third quarter of 2022.

Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years

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

FG Approves $11.50/Barrel Tax Credit for Shell’s Bonga Southwest Aparo Project

Nigeria Retains Cheapest Petrol Price in West Africa Despite 15% Jump in Import Costs

CBN Governor Yemi Cardoso to Address Policy Direction Amid Inflation Challenges

FX Market Turnover Plunges 46.57% to $1.63 Billion in Second Week of July

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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Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher

by Jide Omodele

The Nigerian naira weakened further in the parallel market yesterday, trading at N1,420 per US dollar, down from N1,406 recorded...

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

CBN Repays N2.97 Trillion in Maturing OMO Bills After Raising N2.54 Trillion in Fresh Auction

by Jide Omodele

The Central Bank of Nigeria (CBN) repaid N2.97 trillion in Open Market Operations (OMO) bills that matured on Tuesday, July...

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

NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery

by Jide Omodele

The Nigerian equities market reversed two consecutive sessions of losses on Tuesday, adding N719 billion to total market capitalisation as...

Federal Government Grants Licenses to NNPCL for Establishment of Crude Export Terminals.

NNPC Lowers Petrol Price to N1,110 per Litre as Competition Intensifies

by Akpan Edidong

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the retail price of petrol at its filling stations to N1,110...

Naira depreciates to N755/$ in the parallel market.

Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens

by Jide Omodele

The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US...

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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

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Raises N1.06 Trillion at July 8 Treasury Bills Auction, Lifts One-Year Rate to 17.70%

DMO’s campaign boosting investment in securities – stockbroker

DMO Launches July FGN Savings Bonds at Record 15.716% Interest Rate

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

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

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

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

Business

SEC encourages youth’s participation in capital market.

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

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

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

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

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

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens to N1,410 in Parallel Market as Summer Travel Demand Intensifies

Naira depreciates to N755/$ in the parallel market.

Naira Maintains Stability Around N1,370 as Reserves Climb

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

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

Naira appreciated to N738/$ in the Parallel Market

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

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