Naira depreciates further to ₦1,407/$ in parallel FX market
The naira depreciated to N1,407 per United States dollar in the parallel market on Monday, compared to N1,400 per dollar last Friday.…
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Nigeria is facing shortage of investment-ready startups, not funds — SMEDAN
The Small and Medium Enterprises Development Agency of Nigeria has stated that the country’s major challenge is no longer the availability of…
Over 90% of informal workers abandon personal pension plan
More than 90 per cent of informal sector workers who enrolled in the Personal Pension Plan have abandoned the scheme, as subscribers…
Nigerian stocks sustain bullish run on blue-chip demand, Dangote deal
The Nigerian stock market maintained a bullish run Week-on-Week on renewed demand for large-capitalised stocks, pushing the benchmark Nigerian Exchange Limited All-Share…
IMF tasks central banks on stronger AI governance rules
The International Monetary Fund has called on central banks and financial regulators to strengthen governance frameworks for Artificial Intelligence. The Fund warned…
Banks maximum lending rate falls to 33.16% in June
Nigeria’s average maximum lending rate fell to 33.16 per cent in June 2026 from 34.78 per cent in May, indicating a modest…
NDLEA nabs Lagos businessman over 3.30kg cocaine export bid
Operatives of the National Drug Law Enforcement Agency have arrested a 55-year-old Lagos businessman, Onuigbo Ndubisi Chinedu, over an alleged attempt to…
Global FDI hits $1.6trn in 2025 as Nigeria’s inflow drops
Global foreign direct investment rose by six per cent to $1.6 trillion in 2025, up from $1.5 trillion in 2024, although the…
Etihad Airways to resume flight operations in Nigeria
Etihad Airways has officially announced plans to resume flight operations to Nigeria following a courtesy visit by a delegation from the Abu…
Nigeria’s digital fraud losses fall 50% to ₦25.85bn
Nigeria’s reported digital payment fraud losses declined by more than 50 per cent to N25.85 billion in 2025 from N52.26 billion in…
D’banj becomes first Nigerian artist to ring London Stock Exchange bell
Nigerian singer, Oladapo Oyebanjo, popularly known as D’banj, has become the first Nigerian artist to ring the closing bell at the London…
Oyedele inaugurates committee to draft new VAT order
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has inaugurated an Inter-Ministerial Committee to develop a new Value…