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Latest News

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

Bad Loans Hits N2.36 Trillion in Nigeria’s Banking Sector

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

Nigeria’s External Reserves Drop by $855 Million in Five Weeks

Dangote Cement to pay N340 dividend to shareholders.

Cement Price Surges to N12,000 per Bag, Raising Fears of Deeper Housing Crisis

Naira appreciated to N738/$ in the Parallel Market

Nigeria’s FX Market Turnover Hits $10 Billion in April as Naira Strengthens

Economy

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

NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

Nigerian Students Spend $340.84 Million on Foreign University Applications in the H1 of 2023

Nigeria’s Passport Rises to 89th on Henley Index but Visa-Free Access Falls to 44 Destinations

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

Subnational External Debt Surges as 32 States, FCT Borrow Nearly $1 Billion in 2025

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Posts First April Appreciation as it hits ₦1,374/$ Since NAFEX Era

Market

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

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

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Trending now

Dangote Cement Eyes London Stock Exchange Listing Before End of 2026

by Jide Omodele

Africa’s largest cement producer, Dangote Cement Plc, is preparing for a secondary listing on the London Stock Exchange (LSE) later...

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

Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

by Jide Omodele

Nigeria’s money market is expected to experience a significant surge in liquidity this month, with the Financial Markets Dealers Association...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Strengthens Further Against US Dollar, Approaches N1,350 Level

by Jide Omodele

The Nigerian naira continued its recent recovery against the US dollar in the official foreign exchange market on Wednesday, driven...

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

Banks Post Record N26.3 Trillion Revenue in 2025, But Profits Decline on Loan Provisions

by Jide Omodele

Nigeria’s top commercial banks achieved strong top-line growth in 2025, driven by elevated interest rates, but after-tax profits came under...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens as CBN Slashes FX Intervention by 83% in April

by Stephen Akudike

The Nigerian naira came under mild pressure at the official foreign exchange market on Tuesday, closing at N1,366.56 per US...

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 to Release Full List of Licensed Bureau De Change Operators

CBN Maintains Restrictions on BDC Access to Official Forex Market Over Compliance Concerns

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

Nigeria’s External Reserves Drop by $731 Million in Early April

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

Business

UBA annual profit hits N170 billion in 2022.

UBA Moves to Safeguard Reputation as Three Face Arrest Over False Claims Against Tony Elumelu

The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.

Airlines Implement Time-Saving Strategies for More Efficient Operations

Aviation Taxes and Fees Consume 35% of Airline Revenues in Nigeria, CPPE Warns

Airlines Implement Time-Saving Strategies for More Efficient Operations

Airlines: “We Are Bleeding”, FG Offers Debt Relief as Airlines Battle 300% Jet Fuel Price Surge

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 appreciated to N738/$ in the Parallel Market

Naira Weakness Pushes Foreign Currency Taxes to N6.33 Trillion in 2025

Naira depreciates to N755/$ in the parallel market.

Naira Drops to Three-Week Low at ₦1,361.5 per Dollar Amid Persistent FX Pressure

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Slips to Fresh Low of ₦1,364.24/$ at Official Window

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Depreciates Further Against US Dollar at Official Market

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