Economy
Naira Strengthens to N1,394 per Dollar in Official Market – Strongest Level Since May 2024
The Nigerian naira recorded its strongest performance in the official foreign exchange market since May 2024, appreciating to N1,394 per...
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Nigeria Earns Estimated N55.5 Trillion from Crude Oil Sales in 2025 – CBN
Nigeria generated approximately N55.5 trillion from crude oil sales in 2025, according to an analysis combining official production figures from...
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CBN Grants Temporary Relief: Importers Can Use Expired NAFDAC Licences Until End of February
The Central Bank of Nigeria (CBN) has introduced a two-month grace period allowing importers to process Form M applications using...
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National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout
Nigeria’s electricity grid has suffered another total system collapse, marking the second major failure in 2026 and leaving the entire...
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US Records $1.45 Billion Trade Surplus with Nigeria in First 10 Months of 2025 as Exports Surge 60%
The United States posted a $1.45 billion goods trade surplus with Nigeria in the first ten months of 2025 a...
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LIRS Warns Banks, Employers and Others: We’ll Deduct Unpaid Taxes Directly from Your Funds
The Lagos State Internal Revenue Service (LIRS) has issued a strong public warning that it will begin using its legal...
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CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields
The Central Bank of Nigeria (CBN) is set to conduct its second Treasury bills auction of 2026 today, offering instruments...
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Five MPC Members Pushed for 50bps Rate Cut in November 2025, CBN Minutes Reveal
Five members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) voted in favour of reducing the Monetary Policy...
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Naira Edges Higher to N1,419.35 as External Reserves Climb to $45.95 Billion
The naira staged a modest recovery on Tuesday, strengthening slightly against the US dollar in the official foreign exchange market...
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NCC Launches Full-Scale Review of Telecom Sector Amid Rising Tariffs
The Nigerian Communications Commission (NCC) has initiated a comprehensive competition review of the telecommunications industry, focusing on voice and data...
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