Naira Holds Firm Against Dollar As Market Closes First Week Of February On A Stable Note
The Nigerian Naira sustained its upward momentum against the U.S. Dollar as the first week of February 2026 came to an end, maintaining a...
Naira Strengthens As Pound Falls Below ₦2,000 Mark In Friday Trading
The British Pound Sterling (GBP) slipped further against the Nigerian Naira (₦) during Friday morning trading on February 6, 2026, as the local currency...
FG, IFC Seal Strategic Deal To Fast-Track Bankable Projects And Unlock Private Investments For Nigeria’s Growth
The Federal Government has entered into a landmark cooperation agreement with the International Finance Corporation (IFC) to accelerate the delivery of viable infrastructure projects...
Banks Shift Focus To Services Sector As Industry Credit Declines — CBN Report
Banks in Nigeria are increasingly channeling their lending activities toward the services sector, leaving the industrial sector with a shrinking share of total credit,...
FG, IFC Sign Deal To Fast-Track Bankable Infrastructure Projects And Attract Private Investment
The Federal Government has entered into a strategic cooperation agreement with the International Finance Corporation (IFC) to accelerate the development of bankable infrastructure projects...
Nigeria’s Economy Expands For 14th Straight Month As PMI Rises To 55.7 — CBN
Nigeria’s economic growth momentum continued into the new year, as the nation’s Purchasing Managers Index (PMI) rose to 55.7 points in January 2026, marking...
Naira Extends Rally, Strengthens To ₦1,371/$ As Market Liquidity Improves
The Nigerian Naira continued its upward momentum against the U.S. Dollar on Thursday, February 5, 2026, extending its winning streak in both the official...
Nigeria’s Forex Inflows Drop 18% To $48.1bn As Diaspora Remittances Fall 15.7% — CBN
Nigeria’s total foreign exchange inflow declined by 18.3 per cent year-on-year (YoY) to $48.1 billion in the first nine months of 2025, compared to...
FG To Deduct N3.6tn From Federation Account Over Electricity Subsidy
The Federal Government has proposed a N3.6tn deduction from the Federation Account to fund electricity subsidies in 2026, 2027, and 2028, a move designed...
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...
