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...
NGX All-Share Index Breaks Historic 197,000 Barrier in Landmark Session
The Nigerian stock market achieved a major milestone today, with the All-Share Index (ASI) surging past the 197,000-point level for...
Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January
The Nigerian naira extended its recent downward drift, closing the trading week at N1,398 per US dollar in the official...
NGX All-Share Index Climbs 2.14% WoW to 196,968 Amid Oil Price Surge
The Nigerian Exchange (NGX) wrapped up last week on a positive note, with the benchmark All-Share Index (ASI) advancing 2.14%...
China’s Exports to Nigeria Hit Record $24.9 Billion in 2025, Widening Trade Imbalance
Bilateral trade between China and Nigeria reached new heights in 2025, with Chinese exports to Africa's most populous nation surging...
CBN Reforms Push Reserves to 13-Year High of $50.45bn.
Nigeria's foreign exchange reforms under the Central Bank of Nigeria (CBN) are starting to deliver tangible results, pushing gross external...
Strong Investor Demand Fuels Oversubscribed Treasury Bills Auction as CBN Allots N1.01 Trillion
The Central Bank of Nigeria (CBN) saw robust appetite for government securities in its latest Treasury Bills Primary Market Auction...
CBN Pulls N13.41 Trillion Out of Banking System in January 2026 as Tightening Bites
In a clear sign of aggressive monetary tightening to start the year, Nigeria's Central Bank (CBN) drained a massive N13.41...
Naira Rebounds Month-on-Month in February as Reserves Hit 13-Year High.
Naira staged a notable comeback in February 2026, strengthening by approximately 4.13% against the US dollar despite efforts by the...
Naira Strengthens 4.31% in February Despite Late-Month CBN Intervention
Nigeria's naira posted a robust 4.31% appreciation against the US dollar in February 2026, defying Central Bank of Nigeria (CBN)...
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