BUSINESS
Naira Faces Fresh Pressure as Parallel Market Rates Weaken Despite Official FX Stability
The Nigerian Naira began the week under renewed pressure in the unofficial foreign exchange market, commonly referred to as the black or parallel market. On...
Nigeria’s External Reserves Increases To $46bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso yesterday said that the nation’s external reserves has risen to $46.7 billion,...
Abia Govt Takes Back Abia Hotels Umuahia After 12 Years of Failed Agreement
The Abia State Government has officially revoked the Certificate of Occupancy of Abia Hotels, Umuahia, and taken back full possession of the property following...
“Ghana Scraps Covid Levy, Cuts VAT to Boost Economic Growth”
Ghana has abolished its Covid-19 Health Recovery Levy and reduced value-added tax as part of broader efforts to stimulate economic growth, the government announced...
Nigeria’s Private Sector Credit Increased To 75.9% In 2-years
Credit to the Private sector, CPS, in Nigeria has expanded significantly in the last two years, growing by 75.9 % to hit all time...
FG Unveils Plans To Boost Food Production
The Federal Government has unveiled new agricultural reforms aimed at ending hunger, boosting food production, and reducing post-harvest losses estimated at over $10bn annually,...
Naira, Stocks Weakens After Trump’s Military Threat
Nigeria’s financial markets began November 2025 on a sour note as the naira and equities weakened sharply following remarks by United States President Donald...
NFEM Records Dollar Strengthening Against Naira At Exchange Rate Today
The Nigerian Foreign Exchange Market (NFEM) recorded a strengthening of the Naira against the US Dollar on October 28, 2025, while the parallel market...
CBN Seeks Governors’ Support On Monetary Policy Reforms
The Central Bank of Nigeria (CBN) has called for the support of state governors across the federation for its ongoing monetary policy reforms, aimed...
Cardoso Reaffirms Commitment To Enhance Financial Stability
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to shaping global regulatory frameworks for stablecoins and other digital assets, emphasizing that innovation...
