BUSINESS
Nigeria’s N40trn Revenue Target Under Threat From Tax Leakages —NRS
ABUJA—The Nigeria Revenue Service, NRS, has warned that persistent tax leakages, delayed remittances and weak compliance by some government institutions and sub-national entities could threaten...
Naira Depreciates To N1,395/$ In Parallel Market
The Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,390 per dollar last Friday. Likewise, the local currency depreciated to...
Dollar To Naira Exchange Rate Today, May 18, 2026
The Nigerian naira traded with slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Monday, May 18,...
Financial Institutions Race To Meet CBN Deadline On New Cyber-Security Standard
Nigeria’s financial institutions are fighting to meet the deadline of June 10, 2026 set by the Central Bank of Nigeria, CBN, for onboarding to...
Stock Market Extends Rally As Investors Reap N3.3trn
The Nigerian stock market extended its bullish run last week, as investors reaped N3.34 trillion gain, with sustained buying interest in banking, consumer goods...
Manufacturing Export Stagnates Despite Rising Trade Value
The contribution of manufactured goods to Nigeria’s export basket has stagnated for four consecutive years despite a sharp rise in the country’s total export...
Naira Depreciates To N1,392/$ In Parallel Market
The Naira yesterday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. Similarly, the naira depreciated to N1,371 per...
Naira Rises To N1,393/$ In Parallel Market
The Naira yesterday appreciated to N1,393 per dollar in the parallel market from N1,405 per dollar on Monday. Similarly, the naira appreciated to N1,373 per...
NESG Raises Fresh Concern Over Nigeria’s Debt Burden
Fresh concerns have emerged over Nigeria’s debt burden with the outlook for 2026 indicating new borrowings at about N29 trillion. Giving its verdict on the...
Dollar To Naira Exchange Rate Today, May 12, 2026
The naira traded with slight fluctuations against the United States dollar on Tuesday, May 12, 2026, across the official Nigerian Foreign Exchange Market (NFEM)...
