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Business

Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Why the CBN Is Managing the Naira’s Rise Carefully

Ayorinde Oluokun

5 hours ago

Many observers assume that policymakers should celebrate a sharply rising currency. A stronger naira reduces the cost of imports and…
OPay

OPay opens up on reports of Lagos, Abuja office closure

Oluwapelumi Oluwayemi

1 day ago

The company described the claims circulating on social media and online platforms as false and misleading, insisting that its offices…
Best Crypto Payment Gateways in Egypt

Best Crypto Payment Gateways in Egypt

Ayorinde Oluokun

1 day ago

When picking a crypto payment gateway, think about what really matters for your business. Consider fees, speed, which currencies are…
Concerned Northern Forum kicks against redesigning of naira notes

Naira appreciates to ₦1,376/$ at official market

Oluwapelumi Oluwayemi

2 days ago

Figures published on the CBN’s website showed that the local currency gained ₦25.20 against the dollar at the Nigerian Autonomous…
gas

Middle East war causes acute gas crisis in India

Isa Isawade

2 days ago

The Asian country is grappling with an LPG crisis that has sent prices soaring and sparked panic buying of both…
FCMB

FCMB hits ₦500bn Capital Mark, Retains International Banking Licence

Kazeem Ugbodaga

2 days ago

In July 2024, FCMB raised ₦144.6 billion through a public offer that was oversubscribed by 33 per cent and attracted…
Petrol

JUST IN: Relief as Dangote Refinery slashes Petrol Price by N100

Kazeem Ugbodaga

3 days ago

The refinery also adjusted the price for petrol supplied through coastal distribution to ₦1,050 per litre, reflecting the slight difference…
UCIF

United Capital Infrastructure Fund posts ₦3.06bn Income, delivers 24.62% Return

Kazeem Ugbodaga

3 days ago

During the 2025 financial year, the fund further strengthened its governance structure by appointing four experienced professionals to its Investment…
Parallex Bank Limited

Parallex Bank successfully completes recapitalisation, positions for accelerated growth

Michael Adesina

3 days ago

Parallex Bank Limited has successfully completed the recapitalisation requirement of the Central Bank of Nigeria, surpassing the ₦50 billion minimum…
Naira

War: Naira falls to ₦1,425/$ as Middle East crisis triggers Investor exit

Femi Fabunmi

3 days ago

Analysts from Financial Derivatives Company and Cowry Asset Management also noted that the weakening of the naira across both the…
Dangote

Nigerian Business Tycoon Dangote emerges Africa’s Richest Man yet again

Kazeem Ugbodaga

4 days ago

The 2026 Forbes list places Dangote’s net worth at about $28.5 billion, keeping him firmly at the top of Africa’s…
Petrol

Breaking: Dangote Refinery raises petrol price again, Nigerians brace for fresh hardship

Kazeem Ugbodaga

4 days ago

Data from energy market reports show that the gantry price had earlier risen from ₦774 per litre to ₦874, before…
MREIF

Five Game-Changing Facts About FirstBank’s MREIF Home Loan

Kazeem Ugbodaga

5 days ago

However, the MREIF Mortgage Loan by FirstBank of Nigeria is quietly changing that narrative.
UBA

UBA Business Series to Spotlight New Generation of Female Leaders

Kazeem Ugbodaga

5 days ago

According to the bank, the session will bring together accomplished women from different sectors to discuss strategies for navigating ambition,…
CBN

CBN data shows Nigeria’s money supply drops to ₦123.36tn

Femi Fabunmi

5 days ago

Despite the slight month-to-month drop, the money supply is still significantly higher compared to the same period last year, showing…

How FCT women convert their private cars to ‘Kabu-kabu’

Isa Isawade

5 days ago

“I usually park at the junction in the morning and evening. Sometimes people are surprised when they see a woman…
OpenAI

OpenAI senior executive resigns over Pentagon deal

Isa Isawade

5 days ago

The company behind ChatGPT secured a defence contract with the Pentagon last month, hours after rival Anthropic refused to agree…
NGX

NGX weekly turnover falls 10.7% as investors trade N177.7bn in shares

Paul Dada

6 days ago

Meanwhile, the NGX All-Share Index and market capitalisation appreciated by 2.15 per cent and 2.16 per cent to close at…
GDP

GDP rises to 4.07% as analysts call for stronger non-oil economy

Femi Fabunmi

6 days ago

They said the country needs stronger reforms in agriculture and industry to maintain economic growth and reduce the risks that…
Naira

Naira slides for second week, hits N1,393 against dollar

Femi Fabunmi

6 days ago

The continued weakening of the local currency comes despite efforts by the Central Bank of Nigeria to stabilise the market.…
IMO says no fewer than 3,000 vessels and 20,000 seafarers are stranded in Middle East over the ongoing war by the U.S. and Israel against Iran

Strait of Hormuz closed, 3000 vessels, 20,000 seafarers stranded in Middle East – IMO

Ayorinde Oluokun

6 days ago

IMO disclosed that the Strait of Hormuz was closed after a tugboat assisting another vessel in the strait on Friday…
President Tinubu approves targeted fiscal incentive designed to unlock the long-awaited FID on Bonga Southwest Aparo (BSWA) deepwater project

Tinubu inaugurates Committee to launch GAMCO, fix Nigeria’s troubled Power Grid

Kazeem Ugbodaga

7 days ago

Part of its mandate includes examining the legal status and contractual obligations of assets owned by the Niger Delta Power…
itel teams up with i-Fitness to power new era of smart watches in Nigeria

itel teams up with i-Fitness to power new era of smart watches in Nigeria

Michael Adesina

1 week ago

itel, the #1 smart and wearable technology brand, and i-Fitness, Nigeria’s biggest name in fitness and wellness, have announced a…
KWACCIMA

Tax Reforms: KWACCIMA advises firms on accurate record-keeping

Paul Dada

1 week ago

The seminar was aimed at creating awareness about the new tax reforms and the importance of proper accounting records for…
Council

Nigerian Shippers’ Council recovers over N197bn for port users

Paul Dada

1 week ago

“The majority of complaints were lodged against shipping companies and their agents, with arbitrary charges and container deposit refund disputes…
President Tinubu announces conclusion of settlement agreement between Nigeria, ENI, and NAEL over disputed Oil Prospecting Licence (OPL) 245

Tinubu unlocks major deepwater investment with resolution of OPL 245 dispute

Ayorinde Oluokun

1 week ago

President Bola Ahmed Tinubu described the agreement as a strategic milestone in Nigeria's economic reform agenda, reaffirming the administration's commitment…
Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Naira slides for ninth day in a row, losing N37.85 against dollar

Femi Fabunmi

1 week ago

External reserves are funds held by the country’s central bank to help support the national currency, manage international payments, and…
Window

Nigeria targets faster trade processes with National Single Window Platform

Paul Dada

1 week ago

According to him, the first phase will enable online processing of import permits, electronic submission of cargo manifests, and the…

Nigeria set for big shift in trade processing system

Oluwapelumi Oluwayemi

1 week ago

The Chief of Staff to the President, Femi Gbajabiamila, disclosed this during a stakeholders’ meeting held at the State House…
Gas

Iran Vs US: War fallout hits homes in Nigeria as cooking gas price skyrocket

Femi Fabunmi

1 week ago

The conflict involving the United States, Israel and Iran has affected production and major shipping routes, leading to higher international
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