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Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

NRS Gives Large Taxpayers July 31 Deadline to Fully Adopt E-Invoicing System

CBN Raises N1.19 Trillion at July 15 Treasury Bills Auction

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher

Currency in circulation drops massively in the third quarter of 2022.

Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years

Economy

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Repays N2.97 Trillion in Maturing OMO Bills After Raising N2.54 Trillion in Fresh Auction

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

FG Approves $11.50/Barrel Tax Credit for Shell’s Bonga Southwest Aparo Project

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery

Nigeria Retains Cheapest Petrol Price in West Africa Despite 15% Jump in Import Costs

Market

CBN Governor Yemi Cardoso to Address Policy Direction Amid Inflation Challenges

FX Market Turnover Plunges 46.57% to $1.63 Billion in Second Week of July

Federal Government Grants Licenses to NNPCL for Establishment of Crude Export Terminals.

NNPC Lowers Petrol Price to N1,110 per Litre as Competition Intensifies

Naira depreciates to N755/$ in the parallel market.

Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Nigeria Spends Almost $1 Billion Servicing Foreign Debt in First Two Months of 2026

Latest story

NMDPRA inaugurates oil and gas industry service permit portal.

Nigerian Crude Surges to 10-Day High as US-Iran Tensions Disrupt Key Oil Route

by Akpan Edidong

Nigerian crude oil grades have climbed to a 10-day high as renewed geopolitical tensions between the United States and Iran...

DMO Announces Subscription Offering for Federal Government Savings Bonds.

FG to Issue N729 Billion Bond to Settle Legacy Debts Owed to Power Generators

by Jide Omodele

The Federal Government is set to raise approximately N729 billion through a second sovereign bond issuance to clear verified legacy...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Raises N1.06 Trillion at July 8 Treasury Bills Auction, Lifts One-Year Rate to 17.70%

by Jide Omodele

The Central Bank of Nigeria (CBN) successfully raised N1.06 trillion through its Treasury Bills auction on Wednesday, July 8, 2026,...

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

Nigeria’s $51 Billion Reserves at Risk from Volatile Capital and Oil Reliance – EBC

by Victoria Attah

Global financial services firm EBC Financial Group has warned that Nigeria’s foreign reserves, which recently surpassed the $51 billion mark,...

SEC encourages youth’s participation in capital market.

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

by Victoria Attah

The Securities and Exchange Commission (SEC) has issued an urgent directive to all capital market operators to submit their second-quarter...

Popular posts

Politics

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens to N1,410 in Parallel Market as Summer Travel Demand Intensifies

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Revokes Licences of 46 Microfinance Banks in Major Regulatory Sweep

DMO’s campaign boosting investment in securities – stockbroker

DMO Launches July FGN Savings Bonds at Record 15.716% Interest Rate

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

Wealth

Naira depreciates to N755/$ in the parallel market.

Naira Maintains Stability Around N1,370 as Reserves Climb

President Tinubu’s Executive Orders Set to Boost Liquidity in Nigeria’s Forex Market

Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years

Oil Prices Waver Near $80 as OPEC+ Meeting Looms and Supply Concerns Persist

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG Plans Massive N5.8 Trillion Treasury Bills Issuance in Q3 2026

Business

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

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

FX Market Liquidity Strengthens Significantly as Daily Turnover Nears $1 Billion

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Alerts Public to Surge in Fraudulent Messages Impersonating the Bank

World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

World Bank Approves $1.25 Billion Loan for Nigeria to Drive Private Sector Growth

Technology

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

NDIC Disburses N37.65 Billion to Customers of Failed Banks in 2025

Federal Government to Generate N12bn Annually from new vehicle tax.

FG Cuts Import Duties on Vehicles by 50% Ahead of New Green Tax

NNPC Lowers Petrol Price to N1,210 per Litre in Lagos and Abuja

FG 2053 Bond Records $364 million Subscription as Investors Seek Record Yields

DMO Plans N4 Trillion FGN Bond Issuance for Third Quarter of 2026

Currency

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

Nigeria Records N366bn Drop in Exports to US as Imports Surge in Q1 2026

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

IMF Says Naira Remains Undervalued by 25.6%, Urges Slower Reserve Build-Up

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

NGX Sheds N11.6 Trillion in June as Bull Run Hits Sharp Correction

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge

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