The naira slips as FX turnover hits 1 billion dollars in the official foreign exchange market, demonstrating strong liquidity depth while holding within a predictable trading corridor. According to transaction figures from the Nigerian Foreign Exchange Market (NFEM), the domestic…
A stark report warns that inaccurate credit ratings cost Africa 74.5 billion dollars each year as biased risk assessments force developing nations into paying exorbitant borrowing interest rates. According to research published by the United Nations Development Programme (UNDP), subjective…
FG Releases Salary Arrears to SSANU Following Strike Threat The FG releases salary arrears to SSANU after the union issued a formal 14-day ultimatum, clearing eight months of withheld wages for non-teaching staff across tertiary institutions. According to an official…
The Anthropic CEO earned 18 million dollars in total compensation during 2025, according to confidential initial public offering prospectus documents reviewed by financial media. As the artificial intelligence research firm prepares for a potential public listing that could value the…
Moniepoint Group Chief Executive Officer Tosin Eniolorunda has called for a fundamental shift toward cash-flow lending for Nigerian businesses, urging financial institutions to evaluate enterprises based on transaction cash flows rather than physical collateral. Speaking on the back of recent…
The AfDB partners with ODI Global to design new financial instruments and policy frameworks aimed at helping African nations manage rising debt burdens and elevated borrowing costs. Also read World Bank Raises Africa’s 2026 Growth Forecast to 4.3%, Urges Governments…
Naira Strengthens to N1,331 as Trading Volume Surges Above $600 Million The naira strengthens to N1,331 against the US dollar at the official foreign exchange window as market liquidity bounced back strongly. According to official daily trading data from the…
The CBN withdraws liquidity via OMO operations as the apex bank absorbed N3.31 trillion from the financial sector during its latest debt sale. According to transaction figures released from the October 6 auction, the Central Bank of Nigeria conducted the…
Fairsure Payment Limited is a growing fintech and payment solutions company. We are expanding our team and inviting qualified, driven, and results-oriented professionals to join us across key business, commercial, finance, sales, and customer-facing functions in the capacity below: Job Title: Social…
The federal government and the Lagos State government have officially launched a joint initiative to roll out a 24/7 power pilot in Lagos to improve electricity distribution across major commercial corridors. According to official updates from the Ministry of Power,…
Deciding where to invest in October 2026 requires a strategic shift as monetary policy adjustments reshape asset yields across Nigerian financial markets. Following a significant 350-basis-point reduction in the Monetary Policy Rate (MPR) down to 23% by the Central Bank…
The FG expands livestock development project to 10 additional states in partnership with the World Bank to modernize agricultural value chains and enhance food security. Also read Plateau: Mutfwang cautions against harmful grazing, cattle rustling, and livestock poisoning According to…
The naira stabilizes against dollar across official and parallel trading windows in early October, demonstrating continued resilience following extended monetary policy interventions. According to transaction updates from the Nigerian Foreign Exchange Market (NFEM), the local currency traded near ₦1,331 per…
The Dangote Foundation offers free IPO shares to students across tertiary institutions to encourage early investing and financial literacy among young Nigerians. Also read Dangote Amasses 7,000 Heavy Machines to Build Largest Construction Fleet in the World According to guidelines…
Regulatory enforcement officers executed sweeping operations across commercial hubs over the weekend as NAFDAC raids Lagos markets to confiscate prohibited sachet alcohol. According to an official statement issued by the National Agency for Food and Drug Administration and Control, field…