Naira Firms to ₦1,446.74/$, Posts First Weekly Gain in a Month as Capital Inflows Hit $21 Billion
The naira staged a modest but meaningful recovery last week, appreciating 0.69% to close at ₦1,446.74 per dollar at the...
Nigeria Attracts Record $21 Billion in Foreign Capital in First 10 Months of 2025 – CBN
Nigeria’s external finances have recorded their strongest performance in years, with foreign capital inflows hitting $20.98 billion between January and...
Naira Extends Winning Streak, Rises for Third Day to N1,442.92/$ at Official Market
The Nigerian naira strengthened for the third consecutive trading session on Wednesday, appreciating by N3.40 against the US dollar in...
Nigerian Stock Market Loses N444bn as Profit-Taking Halts Rally
The Nigerian equities market snapped a recent winning streak on Wednesday, shedding N444 billion in investor wealth as profit-taking and...
Private Sector Credit Surges by N1.89trn in October Following CBN’s First Rate Cut in Five Years
Nigeria’s private sector borrowing recorded its strongest monthly expansion in 2025, rising by nearly N1.89 trillion in October, according to...
Naira Firms Up to N1,446/$ as High Interest Rates Draw Fresh Dollar Inflows
The naira extended its recent recovery on Tuesday, strengthening by 0.5 per cent in the official Nigerian Foreign Exchange Market...
CBN Refuses to Blink: Holds MPR at 27% Despite Business Outcry Over Crushing Borrowing Costs
In a decision that will deepen the pain for Nigerian businesses already reeling from sky-high interest rates, the Central Bank...
NNPC Ltd Posts N5.4 Trillion Profit After Tax in 2024, Driven by Forex Gains
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a profit after tax of N5.4 trillion for the 2024...
CBN Moves to Crack Down on Serial Dud Cheque Issuers with Renewable Five-Year Bans
The Central Bank of Nigeria (CBN) has unveiled tough new measures aimed at curbing the persistent misuse of cheques, including...
Lagos State Raises Record N244.82 Billion in Oversubscribed Bonds
Lagos State has cemented its position as Nigeria’s most creditworthy subnational issuer after successfully raising a historic N244.82 billion through...
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