Nigerian Stock Market Surges to New Heights as ASI Crosses 202,000 Points
The Nigerian Exchange (NGX) continued its impressive bullish run on Tuesday, with the All-Share Index (ASI) climbing 0.54% to close...
Nigeria’s Inflation Eases to 15.06% in February 2026 Amid Mixed Price Pressures
Nigeria's headline inflation rate edged down slightly to 15.06% in February 2026, according to the latest Consumer Price Index (CPI)...
Naira Strengthens to N1,355/$ on Monday, Marking Strongest Level in Four Weeks
The Nigerian naira extended its recent recovery in the official foreign exchange market, closing at N1,355 per US dollar on...
Naira Rebounds to N1,363.5/$ on Friday After Early-Week Slide, Boosted by Improved FX Supply
The Nigerian naira staged a notable recovery in the official foreign exchange market last week, closing at N1,363.5 per US...
Cash Outside Banks Drops N198bn in January as Money Supply Contracts
Currency held outside Nigeria’s banking system fell sharply by N197.68 billion in January 2026, declining to N5.21 trillion from N5.41...
CBN Limits Mobile Banking Apps to One Device in New Security Push for Instant Payments
The Central Bank of Nigeria (CBN) has introduced a major security enhancement for digital banking, restricting mobile banking applications to...
CBN Mandates AI-Powered AML Systems for Banks and Fintechs in Landmark Guidelines
Nigeria's Central Bank (CBN) has taken a historic step by formally incorporating artificial intelligence and machine learning into its anti-money...
Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows
Nigeria channeled approximately $5.21 billion toward servicing its external debt obligations in 2025, representing a sharp 11.9% increase from $4.66...
Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue
Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...
FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence
FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...
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