Economy

Cash Outside Banks Drops N198bn in January as Money Supply Contracts

March 16, 2026

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Economy

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Stock Market Sees N288.9 Billion Decline due to Profit-Taking in Dangote Sugar

The Nigerian Exchange Limited (NGX) started the week's trading on a bearish note, with a significant drop of N288.9 billion...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG Deducts Over N415 Billion from State Allocations for External Debt Servicing

by Victoria Attah

The Federal Government has reportedly deducted a total of over N415 billion from state government allocations to service their external...

CBN Lifts Forex Ban on Importation of Milk and Dairy Products

CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation

The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate...

Naira Surges Against US Dollar, Falls Below N1,000 Mark

Naira Strengthens to N1,400 on Parallel Market, N1,408 on Official Window

On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market....

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar

The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX)...

BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.

Currencies

FG’s External Debt Soars by N17.37 Trillion in One Year Amid Exchange Rate Fluctuations

March 25, 2024

The Debt Management Office (DMO) has revealed a staggering increase in the naira value of the federal government's external debt,...

DMO’s campaign boosting investment in securities – stockbroker

Nigeria Spends $3.5 Billion Servicing External Debt in 2023- DMO Reports

March 25, 2024

Nigeria has disbursed a total of $3.5 billion to service its external debt stock of $42.5 billion throughout 2023, according...

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Naira’s Surge Elevates Aliko Dangote’s Wealth to $15.3 Billion

March 25, 2024

Aliko Dangote, Africa's wealthiest individual and the president of Dangote Group, has experienced a remarkable surge in his fortune amid...

Nigeria’s External Debt Stock Hits $42,671.70 million: A Breakdown of Lateral and Bilateral Debts.

States’ N1.7 Trillion Debt to FG Unveiled at National Economic Council Meeting

by Akpan Edidong

March 22, 2024

At the recent 140th meeting of the National Economic Council chaired by Vice President Kashim Shettima, startling revelations surfaced regarding...