The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to $600m monthly in the past two months, according to figures from the Central Bank of... Read more »

Nigeria’s foreign exchange reserves climbed to $41.00 billion as of August 19, 2025, reaching the highest level in 44 months, according to the Central Bank of Nigeria (CBN). The reserves have gained... Read more »

Nigeria’s external reserves have climbed to an eight-month high of $40.15 billion, according to Central Bank of Nigeria (CBN) data, marking a 1.5% increase from $39.54 billion on August 1, 2025. The... Read more »

The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets. On Friday, the currency traded at N1,535 to the dollar in the parallel... Read more »

The African Export-Import Bank has sealed a partnership deal with the Creative, Reality, Entertainment, Arts and Music (C.R.E.A.M) Platform, a network of cultural and creative enterprises owned by popular Nigerian musician, Dapo... Read more »

Naira Estates Limited Launched Another Estate In Awka Anambra State. As part of its expansion plan, Naira Estates Limited launched an estate in Awka, capital of Anambra State. The estate which was... Read more »

Shareholders of SUNU Assurances Nigeria Plc, a member of SUNU Group, at its 38th Annual General Meeting (AGM), approved key resolutions, including the payment of a dividend for the 2024 financial year.... Read more »

Nigeria’s inflation rate has dropped to 22.97% in May 2025, down from 23.71% in April, according to the National Bureau of Statistics (NBS). This marks the second consecutive month of decline, signaling... Read more »

Israel has launched a series of coordinated airstrikes on Iran, targeting nuclear facilities in what it describes as a decisive move to prevent the Islamic Republic from becoming a nuclear power. The... Read more »

Equities trading at the Nigerian Exchange Limited (NGX) opened the week with a moderate rebound, as the All-Share Index (ASI) rose by 0.26 per cent to close at 112,029.35 basis points, driven... Read more »

The Nigeria Employers’ Consultative Association (NECA), the focal voice of business in Nigeria, is set to hold the 4th edition of the Nigeria Employers’ Summit between Wednesday, June 25 and Thursday, June... Read more »

The President of the Dangote Group, Aliko Dangote, has revealed that most Nigerians are unaware that they currently pay 55 per cent of what other West African countries pay for Premium Motor... Read more »

The Securities and Exchange Commission  (SEC) has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, yesterday, the commission said... Read more »

Despite an increasingly challenging economic climate, Nigeria’s five leading banks, First Holdco Plc, United Bank for Africa (UBA) Plc, Guaranty Trust Holding Company (GTCO) Plc, Access Holdings Plc, and Zenith Bank Plc,... Read more »

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website... Read more »

Rural Electrification Agency (REA) has expressed concern over the low number of renewable energy jobs in Nigeria, revealing that only about 70,000 people are employed in the sector despite the country’s vast... Read more »

The federal government, through the National Insurance Commission (NAICOM) plans to enforce Insurance for Public Buildings and Buildings Under Construction to deepen insurance penetration in the country. To this end, it convened... Read more »

NEM Insurance Plc has recorded a 88 per cent increase in its revenue from N52.1 billion in 2023 to N97.9 billion in 2024, even as its claims payment rose to N24.9billion in... Read more »

Linkage Assurance Plc has been assigned a Long-Term Issuer Credit Rating (ICR) of “B+” by AM Best, a leading global credit rating agency. The outlook for both the credit rating and the... Read more »