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…
Support staff at the Port Harcourt Refinery (PHRC) have threatened to shut down operations at the Rivers State facility if their demands are not met within 48 hours, citing seven months of unpaid salaries and the non-implementation of an approved…
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…
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…
Nigeria’s appetite for data is growing faster than what the telecom networks can handle, and the Nigerian Communications Commission (NCC) says the country must act fast. This concern about Nigeria’s data consumption growth was raised in a communiqué issued after…
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…
The FCT police order arrest of plate number violators and drivers operating vehicles with unpermitted tinted windows across the Federal Capital Territory. According to an official announcement issued by Police Public Relations Officer SP Josephine Adeh, Commissioner of Police CP…
Commercial enterprises nationwide encountered sharp economic headwinds in September 2026, as Nigerian businesses face severe constraints driven by rising operational hurdles. According to the latest Business Expectations Survey published by the Central Bank of Nigeria (CBN), companies identified multiple taxation,…
