The planned nationwide edible oil tanker drivers strike has been officially suspended following direct intervention from the Federal Government and the Department of State Services. Scheduled to begin on September 23, 2026, the industrial action threatened to disrupt essential food…
Central Bank Governor Olayemi Cardoso announced that monetary authorities stand ready to tame rising election liquidity risks in Nigeria. Addressing journalists following the 307th Monetary Policy Committee meeting in Abuja, Cardoso confirmed that the apex bank completed detailed simulations on…
Concerns surrounding naira depreciation risk in Nigeria escalated after chief economist Bismarck Rewane cautioned that the Central Bank’s latest interest rate reduction could put pressure on the local currency. Managing Director of Financial Derivatives Company made these disclosures following the…
African payment gateway Flutterwave appoints Morounke Olufemi as CFO to direct its international financial trajectory and accelerate long-term expansion. She succeeds outgoing finance head Mitesh Popat, who stepped down after two years to launch an enterprise media venture. Olufemi previously…
Construction on the new $17 billion Dangote refinery in Kenya is officially scheduled to begin on September 30. Located on the coastal island of Lamu, this landmark energy project aims to process 700,000 barrels of crude oil per day. Billionaire…
African payments firm Flutterwave appoints Morounke Olufemi as CFO to lead its global financial operations into a new phase of expansion. The executive step-up follows the planned departure of former Citi banker Mitesh Popat, who stepped down to launch a…
Addressing election liquidity risks in Nigeria has become a top priority for monetary authorities as political activities pick up momentum. Central Bank of Nigeria Governor Olayemi Cardoso confirmed that the apex bank is fully prepared to manage heavy political spending…
Monetary authorities have made addressing election liquidity risks in Nigeria a primary focus as political spending ramps up across the country. Central Bank of Nigeria Governor Olayemi Cardoso confirmed that the apex bank is fully prepared to manage potential financial surges ahead of…
Public anger surrounding the persistent killing of Nigerians in South Africa reached new heights following the tragic deaths of two more citizens in Johannesburg. Bishop Michael Fakunle and James Nwankwo lost their lives in separate incidents within twenty-four hours. These…
Preparation for the Benue State governor re-election 2027 race is gaining momentum as Governor Hyacinth Alia expressed strong confidence in his administrative performance. Speaking through his Chief Press Secretary, Kula Tersoo, the governor noted that ongoing development projects will speak…
Concerns surrounding domestic airline profitability in Nigeria have intensified after industry leaders revealed that no local carrier made up to $1 million in net profit throughout 2025. Allen Onyema, Chairman of Air Peace and Vice President of the Airline Operators…
The Nigerian foreign exchange market trading session on Wednesday, September 9, 2026, closed with a sharp currency correction. The naira weakened by N11.10 against the United States dollar, closing at N1,334/$ compared to N1,322.90/$ on Tuesday. This 0.84 percent depreciation…
Strengthening financial intelligence sharing in Nigeria has become a top priority as authorities roll out a unified public-private framework to combat financial crime. The Nigerian Financial Intelligence Unit called on commercial banks, fintech companies, insurance firms, and crypto exchanges to…
Strategic infrastructure financing in Nigeria has crossed a major threshold, unlocking N300 billion in local capital for critical national projects. According to Saeed Ibrahim, Sustainable Impact Director at the Private Infrastructure Development Group, Nigeria remains a top priority market despite…
A widespread Nigerian stock market sell-off dragged equity values lower for a second straight day. The benchmark All-Share Index fell by 1.05 percent to 242,223.10 points. Consequently, overall market capitalization dropped by N1.67 trillion to settle at N157.05 trillion. This…