Naira Holds Steady Against Dollar As Market Maintains Calm Start To February
The Nigerian Naira continued its steady performance against the U.S. Dollar on Tuesday, February 3, 2026, maintaining a narrow trading range as investors and...
Nigeria Lost $77.7 Billion To Trade-Related Illicit Financial Flows In 10 Years — GFI Report
A new report by Global Financial Integrity (GFI), a United States-based think tank, has revealed that Nigeria lost an estimated $77.7 billion to trade-related...
CBN: Nigeria’s Fintechs Raised $520m In 2024, Remain Africa’s Innovation Leader — Calls For More Local Funding To Sustain Growth
Nigeria’s fintech sector maintained its position as Africa’s leading innovation hub in 2024, attracting over $520 million in equity funding despite rising global interest...
Tax Reform Push: NTPIC Engages Top Experts, Professional Bodies To Drive Effective Implementation Of Nigeria’s New Tax Laws
The National Tax Policy Implementation Committee (NTPIC) has intensified its nationwide stakeholder engagement campaign, holding a high-level consultative session with leading tax advisory firms,...
Banks Struggle As Bad Loans Hit ₦21.2 Trillion: FX Shocks, Soaring Interest Rates, And End Of COVID Forbearance Fuel Defaults
Nigeria’s banking sector is grappling with a surge in bad loans as rising interest rates, foreign exchange volatility, and the withdrawal of COVID-era loan...
Naira Holds Strong As February Opens: Stable Start Signals Confidence In Nigeria’s FX Market
The Nigerian Naira began the first trading week of February 2026 on a stable note, holding firm within the ₦1,390 range in the official...
FG Targets Industrial Revival: New Policy Aims To Boost Manufacturing Share To 25% By 2030 After 30 Years Of Decline
After more than three decades of steady decline in Nigeria’s industrial output, the Federal Government has unveiled an ambitious plan to revive the manufacturing...
Pound Inches Up As Naira Holds Ground In Early February Trading
The British Pound Sterling began the first Monday of February 2026 with a slight rise against the Naira in Nigeria’s foreign exchange market, marking...
Federal Government’s Domestic Borrowing Surges In 2025, Crowding Out Private Sector Credit
The Federal Government’s domestic borrowing from banks and financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public...
Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy
A consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa has reached financial close on a...
