FG raises N1.94tn through bond investors
The Federal Government borrowed a total of N1.94tn from bond investors in Q1 2025, according to bond auction results from the Debt…
Economy
World Bank flags Nigeria’s weak statistical system
The World Bank has raised concerns about Nigeria’s weak statistical capacity, noting that the country lags behind peers like Mexico, Colombia, South…
Money supply drops to ₦110.3tn in February
Money supply dropped to ₦110.3 trillion in February, marking a three-month low. This decrease followed the Central Bank of Nigeria’s efforts to…
Cardoso confirms positive steps in FX market stabilization
Governor Olayemi Cardoso of the Central Bank of Nigeria has expressed optimism about the progress in stabilizing the foreign exchange market and…
Rewane warns of deeper structural issues amid Nigeria’s rising inflation
The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed concerns over Nigeria’s rising inflation, describing it as a sign of…
Naira falls to ₦1,590 in black market amid dollar shortage
The Nigerian naira fell to ₦1,590 per US dollar in the parallel market on Friday, due to a shortage of dollars. Bureau…
Naira gains marginally against dollar in FX market
The naira saw modest gains in Nigeria’s foreign exchange market. On Thursday, the Nigerian currency appreciated slightly in the official market, closing…
US poll: Dollar soars, bitcoin hits record high as traders bet on Trump
The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked…
Global stocks decline after weak Wall Street lead
European and Asian stocks were mostly down Thursday following a weak lead from Wall Street, as investors digested mixed company earnings and…
FG nears $1.5bn World Bank loan approval
Nigeria is poised to secure approval from the World Bank for three significant loan projects totaling $1.5 billion, with negotiations expected to…
Naira climbs to N1,541.52 against US dollar at I&E window
The exchange rate between the naira and the US dollar appreciated to N1,541.52 at the official Investor and Exporter window on Friday.…
Economic expansion recorded first time in 13 months – CBN PMI
The Central Bank of Nigeria’s latest Purchasing Manager’s Index report reveals that economic activities expanded in August for the first time in…