Category: Finance

Naira weakens marginally to ₦1,372/$ ahead of MPC meeting

The naira weakened marginally at the official foreign exchange market on Friday, closing at N1,372/$...

DMO allots ₦4.074bn in May savings bonds

The Debt Management Office has allotted a total of N4.074 billion in its May 2026...

S&P upgrades Nigeria’s sovereign credit rating to ‘B’

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to...

CBN launches revised foreign exchange manual effective June

The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange...

Nigeria’s mutual funds NAV hits ₦8.77trn in April

Nigeria’s mutual funds industry sustained its growth momentum in April 2026, with total Net Asset...

CBN gains ₦5.63trn from OMO auctions as investors chase high yields

The Central Bank of Nigeria conducted three rounds of Open Market Operations auctions between May...

Naira weakens at parallel FX market to ₦1,392/$

The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388...

Naira gains strength as parallel FX rate hits ₦1,388/$

The Naira on Wednesday appreciated to N1,388 per dollar in the parallel market from N1,395...

Zamfara approves pension boost for retirees amid economic hardship

The Zamfara State Government has approved an increase in pension payments for retirees in both...

NNPCL, NUPRC remit over ₦322bn, $116.9m to federation account

The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted over...

Parallel FX market hits ₦1,410/$ as naira fluctuates

The naira traded with slight fluctuations against the United States dollar on Tuesday, May 12,...

FG seeks fresh $1.25bn World Bank loan for reforms, jobs

The Federal Government is in advanced discussions with the World Bank over a proposed $1.25bn...