Money Market News
Oil Prices Surge Above Nigeria’s Budget Benchmark, Lifting Naira and Reserves
Global oil prices have climbed above Nigeria’s 2026 budget benchmark of $64.85 per barrel, delivering a timely boost to the...
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Nigeria’s External Reserves Hit 8-Year High of $46.11 Billion, Bolstering Naira Stability
Nigeria’s gross external reserves have climbed to $46.11 billion as of January 28, 2026 — the highest level recorded in...
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NGX Gains N232 Billion in Market Capitalisation Despite Slower Trading Activity
The Nigerian Exchange Limited (NGX) ended Thursday’s session on a positive note, with total market capitalisation increasing by N232 billion...
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Nigeria’s N501 Billion Power Sector Bond Fully Subscribed Amid Growing Controversy
The Federal Government has successfully raised N501 billion through a bond issuance aimed at settling long-standing debts owed to electricity...
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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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Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products
Nigeria and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA) that removes tariffs on thousands of...
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Gold Surges Past $4,830 as Geopolitical Easing and Fed Tensions Fuel Safe-Haven Demand
Gold prices have roared back to fresh highs, trading around $4,830 per ounce after a volatile week, as investors continued...
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Commercial and Merchant Banks’ Loans Fall to N52.66 Trillion in June 2025, Lowest in 14 Months
Loans extended by Nigeria’s commercial and merchant banks dropped to N52.656 trillion in June 2025, the lowest level recorded in...
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Emefiele’s Naira Redesign Memo Takes Centre Stage in EFCC Trial
Naira Surges to N1,358.91/$ in Official Market, Strongest Level in Nearly Two Years
Larger Disparities Boom Between Black Market and Official Rates
Nestlé Nigeria Repays $20 Million Forex Debt Ahead of Schedule
MoMo PSB and fintech experts advocate collaboration for financial inclusion.
