Nigeria’s N501 Billion Power Sector Bond Fully Subscribed Amid Growing Controversy
The Federal Government has successfully raised N501 billion through a bond issuance aimed at settling long-standing debts owed to electricity...
Naira Strengthens to N1,400.66/$ in Official Market as US Dollar Weakens Globally
The Nigerian naira extended its early-2026 rally on Tuesday, reaching a monthly high of N1,400.66 per dollar in the official...
Nigerian Stock Market Extends Gains with N126 Billion Increase Despite Lower Volume
The Nigerian Exchange Limited (NGX) maintained its upward momentum on Tuesday, adding N125.65 billion to total market capitalisation and pushing...
Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products
Nigeria and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA) that removes tariffs on thousands of...
Dangote Refinery Suspends Petrol Sales and Cancels Contracts as Crude Supply Issues Bite
Africa’s largest oil refinery, the Dangote Petroleum Refinery in Lekki, has temporarily halted sales of Premium Motor Spirit (PMS, commonly...
LIRS Warns Banks, Employers and Others: We’ll Deduct Unpaid Taxes Directly from Your Funds
The Lagos State Internal Revenue Service (LIRS) has issued a strong public warning that it will begin using its legal...
Naira Ends Week Weaker at N1,421.63/$ as Supply Shortages Fuel Volatility
The naira closed the trading week on a soft note, depreciating across both official and parallel markets amid persistent supply...
CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields
The Central Bank of Nigeria (CBN) is set to conduct its second Treasury bills auction of 2026 today, offering instruments...
Naira Edges Higher to N1,419.35 as External Reserves Climb to $45.95 Billion
The naira staged a modest recovery on Tuesday, strengthening slightly against the US dollar in the official foreign exchange market...
Gold Surges Past $4,830 as Geopolitical Easing and Fed Tensions Fuel Safe-Haven Demand
Gold prices have roared back to fresh highs, trading around $4,830 per ounce after a volatile week, as investors continued...
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