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Latest News

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

Banks’ Maximum Lending Rate Eases to 33.16% in June

US Imposes 12.5% Tariff on Nigerian Exports Over Forced Labour Concerns

Fuel Subsidy Removal: Should Nigeria Continue With a Regressive Petrol Subsidy?

Petrol Climbs to N1,400 per Litre as Transport Fares Rise Across Nigeria

Cooking Gas Prices Drop Across Nigeria as Lagos Records Lowest Rate of N1,200 per kg

Economy

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Several African Currencies Forecast to Weaken Against Dollar – Analyst

Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

FG to Phase Out Electricity Subsidy, Introduce Cost-Reflective Tariffs Within a Year

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Keeps Benchmark Rate at 26.5% as MPC Maintains Tight Monetary Policy

Nigeria’s Foreign Reserve Records a Slight Increase of $12 Million

Foreign Reserves Cross $52 Billion, Highest Level in 17 Years

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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NEC Affirms CBN $3 Billion Loan for Naira Stability

Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day

by Stephen Akudike

The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded...

CBN Scrambles over Nigeria’s Cryptocurrency Problem

Nigeria’s $40 Billion Blockchain Ambition Lags as Focus Shifts to Crypto Regulation

by Bolarinwa Mathew

Nigeria’s national blockchain policy, launched three years ago with the potential to generate up to $40 billion in economic value,...

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

Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions

by Jide Omodele

The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official...

Nigeria Expends More Than $1 Billion Subsidizing Fuel in August as Petrol Supply Increases

Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift

by Akpan Edidong

Private fuel depot owners across Nigeria have raised the price of petrol to between N1,200 and N1,230 per litre after...

Naira depreciates to N755/$ in the parallel market.

Dollar Shortage Widens Spread Between Official and Parallel FX Rates

by Jide Omodele

Nigeria’s foreign exchange market is facing renewed pressure as the gap between the official and parallel market rates has widened...

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

DMO Announces Subscription Offering for Federal Government Savings Bonds.

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

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

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

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

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

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

Naira depreciates to N755/$ in the parallel market.

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

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

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