Category: Finance

Naira holds steady at ₦1,358.63/$ in official FX market

The United States Dollar traded against the Nigerian Naira at an official rate of approximately...

Consumer credit falls for first time in six years

Nigeria’s consumer credit declined for the first time in six years, falling by 19.89 per...

2026 budget: FG earmarks ₦400bn for palaces, mosques, civic centres

Nearly N400bn was set aside in the 2026 budget by about 78 Ministries, Departments and...

FG exceeds 2024 borrowing target by ₦4.79tn over revenue shortfall

The Federal Government exceeded its 2024 borrowing target by N4.79tn after a wider-than-projected budget deficit...

NASS commends SEC over fiscal discipline, revenue growth

The National Assembly has commended the Securities and Exchange Commission for strengthening its fiscal sustainability...

Tinubu to announce fresh salary increase for soldiers — Defence minister

The Minister of Defence, General Christopher Musa, retd, has said President Bola Tinubu would soon...

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,...

Customs recovers ₦30bn in import duties, moves to impound 10 aircrafts

The Nigeria Customs Service has recovered more than N30bn in import duties from owners of...

Women entrepreneurs repay loans better than men — Moniepoint

Women-owned businesses in Nigeria are better at repaying loans than their male counterparts, according to...

Naira opens new trading week at ₦1,361/$ in official rate

The naira maintained a relatively stable position against the United States dollar across the official...

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,...

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...