Business
NGX reports N5.2bn profit despite economic hardship

NGX lists first commercial paper as Dangote Cement

  • 19th February 2026
Dangote names Lekki refinery road after Wigwe

Naira could hit N1,100/$ in 2026 – Dangote

  • 18th February 2026

Naira strengthens to N1,337/$ at official market

  • 18th February 2026

Dangote urges FG to convene national retreat over

  • 18th February 2026

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NNPCL plans additional 1.8bcf/d gas supply in 2026

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Naira opens at ₦1,346.40/$ amid marginal depreciation

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LCCI to launch innovation hub for startups, SMEs in Lagos

LCCI describes January inflation drop as temporary easing

Opinion
New accounting development tool will aid transparency - FRC

FRC signs MoU for national digital sustainability reporting platform

Policy and Regulations

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featured Finance

Naira opens at ₦1,346.40/$ amid marginal depreciation

The Nigerian foreign exchange landscape has opened with fresh data showing a marginal depreciation of the Naira against the United States Dollar in the early hours of Thursday, February 19, 2026. Market participants are closely watching the convergence between official and unofficial rates as liquidity remains a primary concern for importers and manufacturers. In the […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Opinion

LCCI describes January inflation drop as temporary easing

The Lagos Chamber of Commerce and Industry has stated that the latest inflation data released by the National Bureau of Statistics indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to 15.1 per cent […]

New accounting development tool will aid transparency - FRC
Policy and Regulations

FRC signs MoU for national digital sustainability reporting platform

Nigeria has taken a decisive step towards modernising corporate disclosure with the adoption of digital sustainable financial reporting. This follows the signing of a Memorandum of Understanding between the Financial Reporting Council of Nigeria, SALI Technologies and Regulatory Compliance Readiness Advisors, Limited. The concession agreement formalises the implementation of a National Digital Platform for Sustainability […]

featured Finance

Federal civil servants face unexplained salary cuts crisis

Anxiety and anger are spreading rapidly across the Federal Civil Service as Workers in ministries, departments and agencies are grappling with unexplained salary reductions, mounting unpaid arrears, and the absence of official communication from the Federal Government. Labour sources warned that the situation is breeding deep frustration and could trigger widespread industrial unrest if left […]

NGX reports N5.2bn profit despite economic hardship
Business

NGX lists first commercial paper as Dangote Cement raises ₦119.87bn

The Nigerian Exchange Limited has achieved a milestone by recording its first-ever listing of Commercial Paper with the admission of Dangote Cement Plc’s Series 1 and Series 2 issuances under the company’s N500 billion Commercial Paper Issuance Programme. The two series, totaling N119.87 billion, were admitted to trading on the NGX platform on 18 February […]

Policy and Regulations

Business leaders urge policy consistency for investor confidence in Nigeria

Business leaders at the European Business Chamber Nigeria Annual Conference and Expo have stressed that predictable and stable economic regulations are crucial for maintaining investor confidence and securing long-term capital commitments. Vanguard reported that the Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke, addressed the roundtable on European Business Perspectives in Nigeria. He acknowledged […]

Dangote names Lekki refinery road after Wigwe
Business

Naira could hit N1,100/$ in 2026 – Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that the naira could strengthen to as low as N1,100 per dollar this year, supported by the Federal Government’s industrial and economic reform initiatives. He added that the only scenario that could prevent this appreciation is if the government intentionally keeps the naira weaker to […]

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Fibre optic damages surge 900% in Nigeria – Report

Telecommunications operators in Nigeria experienced a sharp rise in fibre optic cable damages in January 2026, with incidents soaring by 900 per cent compared to December 2025, official data shows. A report by the Nigerian Communications Commission shows that fibre cuts jumped from 4 cases in December 2025 to 40 in January 2026, representing one […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

Saudi-backed firm commits $3bn to Musk’s AI venture

Saudi-backed artificial intelligence firm Humain has invested $3 billion in xAI, the AI startup founded by Elon Musk, according to a statement released Wednesday. The investment makes Humain a significant minority shareholder. The company noted that the funding was completed shortly before xAI’s acquisition by Musk’s space exploration firm SpaceX, and that Humain’s stake will […]

Tech

Uber to invest $100m in autonomous vehicle charging stations

Uber Technologies said on Wednesday it plans to invest more than $100 million to build autonomous vehicle charging hubs, highlighting the company’s latest effort to expand its self-driving operations. The initiative will involve installing DC fast-charging stations at autonomous depots used for daily fleet management, as well as at strategic pit stops across key cities. […]

Business

Naira strengthens to N1,337/$ at official market

The Naira strengthened to N1,337 per dollar at the official foreign exchange market on Tuesday, rising from N1,344 on Monday. Data from the Central Bank of Nigeria website shows this marks the Naira’s strongest official closing rate since May 29, 2024, when it stood at N1,329.65 per dollar. The Naira strengthened amid improved dollar availability, […]

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