Naira Plunges to N1,630/$1 in Parallel Market as OPEC+ Oil Production
On June 1, 2025, the Nigerian Naira weakened significantly in the parallel market, closing at N1,630/$1 on May 30, 2025,...
Agip Oil Triumphs as Appeal Court Dismisses Malabu Oil’s $1.3 Billion OPL 245 Suit
On May 27, 2025, the Court of Appeal in Abuja dismissed Malabu Oil and Gas Ltd’s $1.3 billion claim over...
Naira Depreciates to N1,583/$1 as FX Reserves Decline and BDC Reforms Intensify
The Nigerian naira weakened to N1,583/$1 on May 26, 2025, in the official foreign exchange market, down from N1,579/$1 on...
NGX Surges with N539.98 Billion Market Cap Gain, Signaling Investor Confidence
The Nigerian Exchange (NGX) staged a robust recovery on May 26, 2025, with market capitalization rising by N539.98 billion, erasing...
Dangote Projects $7 Million Daily Revenue from Fertiliser Exports by 2027
Aliko Dangote, President of Dangote Industries Limited, has announced that the company is poised to generate approximately $7 million in...
Tinubu’s Mining Reforms Attract $800 Million.
Under President Bola Tinubu’s administration, Nigeria’s solid minerals sector has undergone a transformative overhaul, drawing over $800 million in investments...
Nigeria’s Letters of Credit Payments Climb to $267.96 Million in 2025, CBN Reports
Nigeria’s foreign trade transactions facilitated through Letters of Credit (LCs) increased by 3.68% year-on-year, reaching $267.96 million in the first...
CBN Introduces Draft Standards for Automated Anti-Money Laundering Solutions
The Central Bank of Nigeria (CBN) has unveiled a draft document titled “Baseline Standards for Automated Anti-Money Laundering (AML) Solutions”...
Nigerian Stock Market Dips as CBN Holds MPR at 27.5%
The Nigerian stock market experienced a downturn last week, driven by investor reactions to the Central Bank of Nigeria’s (CBN)...
Naira’s Decline Sparks Debate: Can Nigeria’s Economy Weather Global Pressures?
On Thursday, May 23, 2025, the Nigerian naira weakened to N1,586/$1 in the official market, marking its first depreciation since...
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Kenyan President William Ruto Urges African Nations to Move Away from US Dollar for Intra-African Trade.
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Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun
