Category: Finance

CBN projects 2026 disinflation, possible rate cuts

Nigerian central bank Governor Olayemi Cardoso has hinted that the apex bank could resume interest-rate...

Dollar trades at ₦1,446.9 in official FX market

The United States dollar is trading at ₦1,446.9 in the official Nigerian Foreign Exchange Market...

AfDB approves $500m loan for Nigeria energy transition support

The African Development Bank Group announced on Wednesday that it has approved a $500 million...

Pension allocation to infrastructure declines amid $100bn gap

The infrastructure sector in Nigeria faces a substantial funding shortfall, estimated at $100 billion. Against...

CBN holds monetary policy rate at 27% amid inflation

The Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 27 per...

Nigeria’s trade surplus drops by 35% in July

Nigeria’s monthly trade surplus fell by 35 per cent, month-on-month, reaching $1.39 billion in July...

Naira holds mid-₦1,400s range against dollar

The Nigerian naira traded near the mid-₦1,400s against the United States dollar on Wednesday, November...

ICYMI: Pastors, Imams must pay personal tax — Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has...

Nigeria’s money supply hits N117.8tr in two years

The money supply flowing into Nigeria’s economy has substantially risen, reaching a record N117.8 trillion...

Naira holds steady, narrows official, parallel markets gap

The Nigerian naira was actively traded at approximately ₦1,456 to the US dollar in the...

Nigerian equities market suffers N2.1tr loss

The Nigerian equities market extended its bearish streak last week, driven by persistent sell pressures...

SEC declares transition to T+2 equities settlement

The Securities and Exchange Commission is scheduled to officially transition to a T+2 settlement cycle...