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Latest News

FG Obtain $300 Million World Bank Palliative Loan

Gencos Urge Quick Meeting With Tinubu Over Mounting N4.7tn Power Debt

Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

CWG Sets Sights on East Africa and Middle East Following Record Profits

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Stock Market Rallies as Investors Pocket N1.045 Trillion Gain

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

Nigerian Stock Market Soars as ASI Nears 109,000 Milestone

Economy

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

Tinubu Endorses $122bn Investment Roadmap to Revamp Nigeria’s Power Sector

Nigeria’s DMO Rolls Out May 2025 Savings Bonds with Rates Up to 17.173%

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

Nigeria Faces Economic Strain as Oil Prices Slide Below $60

Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

CBN Slaps Paystack with ₦250 Million Fine Over Zap Operations

Market

Gold Prices Hit $2,000 Mark as Markets Assess Federal Reserve Rate Outlook

Gold Prices Soar to Record Highs Amid Economic Uncertainty

NGX Group revenue grows by 9.35% in the full year of 2022.

NGX Trading Activity Drops to ₦509bn Amid Foreign Investor Exit

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Equities Market Sees Sustained Rally, Investors Gain ₦607 Billion

December 30, 2024

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

UPL Leads Gainers with 10% Surge as All-Share Index Slightly Declines

December 6, 2024

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Trending now

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Strengthens to N1,600 Against Dollar in Parallel Market

by Stephen Akudike

The Nigerian naira saw a modest boost on Monday, climbing to N1,600 per dollar in the parallel market, an improvement...

“U.S. National Debt Rises By $1 Trillion Every 100 Days

U.S. Launches $1,000 Travel Stipend for Migrants Who Voluntarily Leave

by Victoria Attah

In a fresh move aimed at managing migration more cost-effectively, the U.S. Department of Homeland Security (DHS) has introduced a...

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

Inflation Squeezes Nigerian Banks as Operating Costs Climb

by Victoria Attah

Nigeria’s banking sector is feeling the strain of rising inflation and tightening monetary policies, as escalating costs start to eat...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN’s Naira Printing Costs Surge by 306% Amid Ongoing Cash Crisis

by Stephen Akudike

The Central Bank of Nigeria (CBN) spent a staggering N315.18 billion on currency management in 2024, marking a 306%...

Naira appreciated to N738/$ in the Parallel Market

Nigeria’s Currency Management Costs Soar to N315 Billion Amid Cash Crisis

by Jide Omodele

The Central Bank of Nigeria (CBN) has reported a staggering increase in its currency management expenses, spending over N315...

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Politics

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

FG, Governors Agree on Three-Month Delay for Local Government Autonomy

August 13, 2024

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

Federal Government Allocates ₦570 Billion to States Amid National Protest

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Federal Government Denies Subsidy Payments Amid Rising Petrol Pump Prices

Access Bank, Zenith Bank among others Report Robust Profits Despite Economic Challenges

Senate Approves Finance Act Amendment, Raises Banks’ Windfall Levy to 70%

Wealth

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Nigeria’s Money Supply Surges 18% to N110.97 Trillion as Savings Increase

February 21, 2025

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

Nigerian Equity Market Reverses Recent Gains, Records N63bn Loss

December 10, 2024

FG Raises N346.155 Billion in November Bond Auction Amid Increased Allotments

November 22, 2024

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Survey Reveals Decline in Business Confidence as Naira Depreciation Looms

November 13, 2024

Business

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Says Trump’s Tariffs Won’t Hurt Urea Exports, Forecasts $30bn Revenue Growth

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

Nigerian Stock Market Suffers ₦500 Billion Loss in Three Days

Airtel Africa Records $471 Million Foreign Exchange Loss Due to Currency Unification.

Airtel Nigeria Reports $344 Million Revenue Loss Amid Data Sales Decline

February 20, 2025

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

Court Upholds FCCPC’s Authority in MTN Legal Battle

February 10, 2025

Technology

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

Elon Musk claims to donate almost $2 billion to charity.

Elon Musk’s xAI Secures $6 Billion in Series B Funding, Valued at $24 Billion

Indeed: Demand Surges for Generative AI Skills Paying Over $150,000

Indeed: Demand Surges for Generative AI Skills Paying Over $150,000

Elon Musk Loses Billions as Tesla’s Market Cap Plummets by $30 Billion

Tesla Shares Decline by 29% in Q1 2024 As Deliveries Falls.

Currency

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Falls to N1,602/$1 at Official Market Amid Forex Scarcity

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

Nigeria Sees Surge in FX Inflows as Non-Oil Exports and Reforms Drive Economic Diversification

Naira appreciated to N738/$ in the Parallel Market

Naira Holds Steady in Parallel Market as Dollar Gains Strength Globally

Naira appreciated to N738/$ in the Parallel Market

Naira Hovers at N1,600 as Dollar Index Slumps to Three-Year Low

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