Category: featured

Naira strengthens to ₦1,348/$ amid US-Iran war uncertainties

The Nigerian currency showed consolidation against the American dollar after the recent bullish run for...

Samsung signs first EV battery deal with Mercedes-Benz

South Korea’s Samsung SDI said on Monday that it has signed a multi-year agreement with...

FG rejects claims of diversion from federation revenue

The Federal Government says deductions from the federation earnings by the Federation Account Allocation Committee...

NEMSA alerts Nigerians on fire risks from poor solar installations

The Federal Government, through the Nigerian Electricity Management Services Agency, has raised the alarm over...

Open your toilets for public use, Lagos urges banks, others

The Lagos government says it has deployed 1,710 public toilets across the state to tackle...

Nigeria’s FX reserves drop to $48.6bn in five weeks

Nigeria’s foreign exchange reserves have declined to $48.6 billion as of April 16, 2026, marking...

NGX extends trading hours to 4pm from April 27

Nigerian Exchange Limited has announced the expansion of its trading hours from 9:00 a.m. to...

Nigerian insurers pay ₦307bn claims in 2025

Nigeria’s insurers paid N307.2 billion in claims in the 2025 financial year, up from N216.9...

Cardoso dismisses reserve fluctuations, assures strong buffers

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations...

Naira depreciates to ₦1,390/$ in parallel market amid widening gap

The Naira on today depreciated to N1,390 per dollar in the parallel market from N1,388...

Oil prices drop as Iran declares Strait of Hormuz ‘completely open’

Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of...

Tinubu signs ₦68.32trn 2026 budget into law

President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure...