CBN Survey Shows Improved Credit Access in Q4 2025 Amid Rising Loan Defaults
Nigeria’s banking sector expanded credit availability to households and businesses in the fourth quarter of 2025, but lenders faced mounting...
CBN Confirms 20 Banks Meet New Recapitalisation Requirements as March Deadline Looms
The Central Bank of Nigeria (CBN) has announced that 20 deposit money banks (DMBs) have fully complied with the new...
FG Boosts NALDA Funding to N25 Billion in 2026 Budget, Tripling 2025 Allocation
The National Agricultural Land Development Authority (NALDA) has received a major funding increase in the proposed 2026 federal budget, with...
Naira Slips to N1,490/$ in Parallel Market as Official-Parallel Gap Widens to 11-Month High
The naira came under renewed pressure in the informal foreign exchange market over the past week, depreciating to N1,490 per...
NGX Caps Strong Week with 2.36% Rally, Market Cap Crosses N106 Trillion
The Nigerian Exchange Limited (NGX) closed the trading week on a buoyant note, as the All-Share Index surged 2.36% to...
Nigeria Still Imports 1.3 Billion Litres of Petrol in December Despite Dangote’s Growing Output
Nigeria imported around 1.31 billion litres of petrol in December 2025, even as the Dangote Petroleum Refinery ramped up its...
Naira Starts 2026 Stronger: Up 0.8% Against Dollar as Reserves Hit $45.77 Billion
The naira has kicked off the new year on a firmer footing, posting a modest year-to-date gain of 0.8% in...
NGX Bulls Charge On: Market Capitalisation Surges N1.66 Trillion in Second Straight Day of Gains
The Nigerian stock market extended its winning streak into a second day on Tuesday, with total market capitalisation soaring by...
Dangote Crosses $30 Billion Mark as Rabiu Edges Toward $10 Billion Milestone
Africa’s richest man, Aliko Dangote, has solidified his dominance with a net worth now exceeding $30 billion, while fellow Nigerian...
Gold Hits Historic $4,600 Peak as Trump’s Feud with Fed Sparks Investor Flight to Safety
Gold prices have shattered yet another record, surging to an all-time high of $4,600 per ounce on Monday morning amid...
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