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Naira closes week stronger at N1,534.72/$ 

Naira trades stable at ₦1361/$ as FX turnover rises

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34.3% of employed Nigerians trapped in poverty - Report

Power sector workers warn of crisis amid insecurity, poverty

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AGHAN suspends planned strike as NCAA moves to resolve

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Sahara Power pushes for digital electricity grid to fix

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CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Finance

CBN cuts treasury bill rates amid ₦8trn liquidity

The Central Bank of Nigeria cut rates on longer-dated Treasury bills at its March 25 auction, even as investors poured N2.7 trillion into one-year securities to lock in attractive yields amid a liquidity glut exceeding N8 trillion in the financial system. Stop rates on the 182-day and 364-day instruments fell by 20 basis points to […]

Economy featured

53% of Nigerians don’t save — Piggyvest

More than half of Nigerians find it hard to save, as citizens spend 72 per cent of their monthly earnings on food and groceries, according to a new report by online saving and investment platform Piggyvest. This is as respondents surveyed reported a nominal increase in income, reflecting a deepened cost-of-living crisis in Africa’s most […]

Aviation

IATA forecasts boom in African air passenger demand

The International Air Transport Association released its Long Term Demand Projections for air travel, showing that global air passenger demand is expected to more than double by 2050 and intra-Africa air travel would lead global growth through the period. The pace of growth will be uneven across regions, reflecting differences in demographics, market maturity, economic […]

Business

FG approves partial settlement of N150bn contractors’ debt

The Federal Government has agreed to pay 35 percent of the N150 billion owed to indigenous contractors upfront, in a move aimed at resolving outstanding payment disputes. The President of the All Indigenous Contractors Association of Nigeria, Mr. Jackson Nwosu, confirmed the development after a meeting with the Minister of Finance, Mr. Wale Edun, according […]

Business

Nigeria’s banks maintain strong liquidity despite CBN N2.36tn OMO withdrawal

Nigeria’s banking system liquidity remained above N8 trillion despite the Central Bank of Nigeria withdrawing N2.36 trillion through its Open Market Operations, signaling the continued abundance of funds in the financial system. Mid-week data from the apex bank, following its OMO auction on March 23, 2026, show that the central bank’s aggressive intervention has had […]

Business

NUPRC approves major offshore project targeting hydrocarbon development

The Nigerian Upstream Petroleum Regulatory Commission has granted Petroleum Exploration Licence 5 to SeaSeisGeophysical Limited, in partnership with TGS, to carry out the acquisition and processing of new 3D seismic and gravity data. The initiative is designed to enhance the exploration activities and accelerate the development of Nigeria’s hydrocarbon resources. The agreement was formally signed […]

Business

AfCFTA picks Nigeria to pioneer simplified trade framework

The Secretariat of the African Continental Free Trade Area has designated Nigeria as the pilot country for the rollout of its Simplified Trade Regime in West Africa. The initiative aims to streamline cross-border trade procedures for small-scale traders, improve their access to regional markets, and promote deeper economic integration across the continent. The Nigeria Customs […]

Huawei revenue drops 6% in 2022 first half
Business

Tetracore, Huawei, Inspirive partner for $400M tier III data centre

Tetracore Energy Group has unveiled a strategic partnership with global tech leader Huawei and Inspirive Technologies to build a $400 million Tier III data centre. Located within the Tetracore Energy Park in Ogun State, the project introduces a groundbreaking “energy-to-digital” approach aimed at addressing the persistent power instability affecting Nigeria’s technology sector. In a statement […]

Business

Global trade ministers gather in Cameroon to discuss WTO reform

Trade ministers from around the world are convening in Cameroon on Thursday to begin key discussions on reforming the World Trade Organization, with warnings that failure to reach a consensus could undermine the global trade body. The WTO’s 14th Ministerial Conference (MC14) is set to run from March 26 to 29, 2026, in Yaoundé, Cameroon. […]

Business

CBN to review court ruling on Union Bank, confirms stability

The Central Bank of Nigeria announced that it will review the recent court ruling concerning Union Bank of Nigeria Plc, emphasizing that the bank remains stable and continues to operate normally. The disclosure was made on Wednesday in a press statement by the Acting Director of Corporate Communications, Hakama Sidi Ali. The CBN noted that […]

Finance

Nigeria’s capital inflows jump 88.5% amid reforms

Capital inflows into Nigeria rose sharply by 88.5 per cent year-on-year to $23.21 billion in 2025, compared to $12.31 billion recorded in 2024, indicating renewed foreign investor confidence driven by foreign exchange market liberalisation and increased portfolio investment activity. According to data released in the Capital Importation Report for 2025 by the National Bureau of […]

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