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Latest News

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

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

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

Naira Steadies on Parallel Market as CBN Clears Backlog

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

Economy

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

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

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

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Nigeria’s Crude Oil Exports Climb to N11.2 Trillion in First Quarter of 2026

Ex President Trump Makes Resounding Return to Twitter, Now Rebranded as X

Nigerians Spend Over N50 Billion on US Visas in Two Years as Approval Rate Drops 23%

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 appreciated to N738/$ in the Parallel Market

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

by Stephen Akudike

The Nigerian naira traded with relative stability in the official foreign exchange market during the first half of the week,...

WhatsApp launches online payment channels through chats

WhatsApp to End Support for Older iOS Devices from November 2026

by Victoria Attah

WhatsApp has revealed plans to drop support for older versions of Apple’s iOS operating system, effective November 30, 2026. From...

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

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

by Akpan Edidong

MTN Nigeria has defended its recent tariff adjustment, saying the increase was critical to saving the company and the entire...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

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

by Jide Omodele

The Nigerian naira strengthened marginally against the US dollar at the official foreign exchange market on Monday, June 8, 2026,...

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

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

by Jide Omodele

The Nigerian equities market experienced a sharp reversal last week, with investors recording massive losses estimated at N4.915 trillion as...

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

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

Charges on cash transactions skyrocketed by POS agents.

CBN Relaxes PoS Geo-Fencing Rules, Extends Compliance Deadline to August 2026

Airlines Implement Time-Saving Strategies for More Efficient Operations

FAAN Engages International Airlines on Improved Airport Operations and Passenger Experience

Technology

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

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

Currency

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

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Aims to Bring N2.83 Trillion Cash Back into Banking System by 2028

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

Naira Depreciates 0.7% in Official Market Amid Persistent Forex Pressure

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