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Latest News

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

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

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

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

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

Economy

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

Nigeria’s Inflation Climbs to 15.93% in May as Price Pressures Persist

Nigeria’s MTN and Airtel Record N403.2 Billion Data Revenue In Q3, 2023

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

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

Naira Strengthens to N1,356 per Dollar in Official Market, Best Level Since April

by Jide Omodele

The Nigerian naira appreciated against the US dollar on Monday, closing at N1,356 per dollar at the official foreign exchange...

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

Tin Can and Apapa Ports Rank Among World’s Top 20 Most Improved Container Ports

by Jide Omodele

Nigeria’s Tin Can Island Port and Apapa Port Complex (Lagos Port) have earned global recognition for significant operational improvements, ranking...

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

by Jide Omodele

Nigerian commercial banks earned a total of N224.69 billion from electronic banking services and ATM/card-related fees in the first quarter...

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

by Akpan Edidong

Elon Musk has made history by becoming the world’s first trillionaire, with his personal fortune now exceeding $1 trillion. This...

Naira Steadies on Parallel Market as CBN Clears Backlog

Naira Depreciates by N5.08 Week-on-Week as Dollar Liquidity Tightens

by Jide Omodele

The Nigerian naira came under pressure across foreign exchange market segments last week, losing ground despite a steady rise in...

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

NMDPRA inaugurates oil and gas industry service permit portal.

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

FBN Holdings Achieves N1 Trillion Market Cap Milestone

First HoldCo Assures Shareholders of Dividend Resumption by End of 2026

Naira depreciates to N755/$ in the parallel market.

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

DMO offers two FGN savings bonds at N1000 per unit.

Highest Yields of 2026 Delivered in Q1 as 364-Day T-Bill Hits 18.47%

Business

BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

MTN Justifies Tariff Hike, Announces Over N1 Trillion Investment for 2026

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

Equity Investors Lose N4.9 Trillion as Nigerian Stock Market Trend Reverses

WEMA Bank Job Opening: Head of Credit

Wema Bank Temporarily Suspends X (Twitter) Activities Over Surge in Fake Accounts

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Lowers Petrol Price to N1,252 per Litre in Response to Depot Competition

Technology

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

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

Currency

Naira appreciated to N738/$ in the Parallel Market

Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Records Modest Gain at Official Market as Reserves Surpass $50 Billion

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market

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

CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester

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