The Central Bank of Nigeria (CBN) says the recent stability in the foreign exchange market, rising external reserves, and easing inflation are evidence of its ongoing monetary reforms that are producing positive... Read more »
The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion financing arrangement, Project Gazelle 2, aimed at reducing financing... Read more »
A new report by the Central Bank of Nigeria (CBN) has revealed that the apex bank spent ₦464 billion on printing, distributing, processing and destroying worn-out naira notes in 2025. The amount... Read more »
MTN Nigeria Communications Plc has hit record N1.09 trillion profit before tax of for the first half of 2026, representing a 75.4% year-on-year increase, its highest half year performance driven by strong... Read more »
The Nigerian naira again depreciated against the United States (US) dollar, trading at N1,366.7278 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Thursday, July 30, 2026. The... Read more »
Oil prices on Thursday, July 23, hit $100 a barrel following reported attacks on vessels in the Red Sea. Brent crude, the global oil benchmark, rose by 6.9 percent to $100.6 a... Read more »
The Central Bank of Nigeria (CBN) has assured Nigerians that the scarcity of lower-denomination naira notes does not mean they have been withdrawn from circulation, attributing the development to the growing use... Read more »
A Federal High Court in Lagos has ruled that while the FCCPC’s DEON lending regulations are valid, the Commission has no authority to issue licences to companies operating in the telecommunications space.... Read more »
The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard ₦100 banknote, reaffirming that it remains legal tender and must be accepted... Read more »
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has disclosed that the company remitted N19.5 trillion to the Federation Account between April 2025 and June 2026. Speaking at the... Read more »
The Naira yesterday depreciated to N1,400 per dollar in the parallel market from N1,395 per dollar last weekend. Likewise, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market,... Read more »
Dangote Petroleum Refinery exported about 466,000 metric tonnes of jet fuel to Europe in June, valued at an estimated N757bn, overtaking shipments from the United States and others. This is as Nigerian... Read more »
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country with effect from July 1, 2026. Here are the list of Revoked Microfinance Banks: Read more »
Nigeria has emerged as Africa’s best-performing economy in the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming South Africa, Ghana, Kenya, Namibia and Botswana on the report’s economic performance... Read more »
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N75 per litre. In a circular sent to fuel marketers on Monday, the refinery... Read more »
Nigeria’s non-oil exports rose to $9.32 billion in 2025, marking a 24.93 per cent increase from $7.46 billion recorded in 2024, according to data from the Central Bank of Nigeria. The growth... Read more »
Dangote Petroleum Refinery has reduced the gantry price of Automotive Gas Oil, popularly known as diesel, by ₦200 per litre. The latest adjustment brings the depot price down from ₦1,800 to ₦1,600... Read more »
Customers of the big four telecom operators in the country spent about N9 trillion on airtime for their voice calls and data in 2025, pushing up telecom operators’ revenue in the last... Read more »
The Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by ₦75 per litre, moving it from ₦1,200 to ₦1,275. According to market updates, the... Read more »
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Thursday, April 23, 2026, received the Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Hafsat Abubakar Bakari,... Read more »