Nigeria’s Foreign Reserves Hit $41 Billion, Highest in Nearly Four Years
Nigeria’s foreign exchange reserves have surged to $41 billion, the highest level in 44 months, according to new data published...
FCCPC’s Interest Rate Regulation Sparks Concerns Among Nigeria’s Digital Lenders
Nigeria’s digital lending sector is facing uncertainty following the Federal Competition and Consumer Protection Commission’s (FCCPC) new regulations aimed at...
NGX Gains N60 Billion as Equities Rebound, Insurance Sector Shines
The Nigerian Exchange Limited (NGX) began the week on a high note, with investors pocketing a N60 billion gain, reversing...
Naira Weakens Slightly to N1,533.67/$ as External Reserves Grow
The naira opened the week on a softer note, trading at N1,533.67 per dollar at the Nigerian Foreign Exchange Market...
Banking Stocks Poised for Gains as Nigeria’s Inflation Eases and Rate Cut Looms
Nigeria’s banking sector is set to capitalize on easing inflation and expectations of a Monetary Policy Rate (MPR) cut, with...
FIRS Warns Taxpayers Against Concealing Transactions in New E-Invoicing System
The Federal Inland Revenue Service (FIRS) has cautioned taxpayers against hiding transactions under its newly launched National E-Invoicing Solution (Merchant-Buyer...
Naira Weakens to N1,560/$1 as Forex Traders Cite Diversion and Demand Pressures
The naira depreciated to N1,560/$1 in the parallel market by mid-August 2025, down from N1,540/$1 at July’s end, widening the...
High Interest Rates Squeeze Nigerian Corporates, Raising Costs Despite Lower Debt
Nigeria’s leading listed companies are facing a financial bind, with sharply rising interest expenses despite efforts to reduce debt, driven...
CBN Fair Promotes Financial Inclusion Through Alternative Payment Channels
The Central Bank of Nigeria (CBN) hosted its inaugural financial services fair in Lagos, emphasizing the adoption of alternative payment...
NGX Dips 0.13% as Market Capitalization Falls by N121 Billion
The Nigerian Exchange (NGX) ended Wednesday’s trading session in the red, marking its second decline in August 2025, with the...
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