Banking, industrial stocks drag NGX lower amid selloffs
The Nigerian equities market extended its losing streak on Thursday, July 2, 2026, falling 0.61 per cent to close at 224,321.97 points,…
Finance
Customs rake in ₦3.35tn revenue in five months
The Nigeria Customs Service generated N3.35 trillion in revenue between January and May 2026, driven by stronger trade facilitation, improved customs processing…
Naira depreciates to ₦1,403/$ as market tap widens
The Naira on Thursday depreciated to N1,403 per dollar in the parallel market from N1,385 per dollar on Wednesday. Similarly, the naira…
Consumer credit falls ₦780bn despite improved banking liquidity
Nigeria’s consumer credit outstanding fell by N780 billion in February 2026, as elevated lending rates and tighter borrowing conditions weighed on household…
20 Nigerian states to get $27m W’Bank grants
A total of 20 Nigerian states will receive a combined $27 million in performance-based grants under the World Bank-supported Human Capital Opportunities…
Nigeria omitted 2% GDP spending from budgets — IMF
Nigeria failed to record public spending equivalent to about 2 per cent of its Gross Domestic Product in recent official budgets, creating…
W’Bank grants Nigeria’s $1.25bn loan request despite backlash
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme,…
World Bank to end loans to China by 2031
The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift…
Naira trades at ₦1379.80/$ at official FX market
The naira began trading at an official exchange rate of ₦1,379.80 per United States dollar at the Nigerian Foreign Exchange Market on…
NGX investors lose ₦2.4tn as profit-taking continues
The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines. The…
FG plans review of ₦70,000 minimum wage
The Federal Government has signalled plans to review the national minimum wage, stating that the current N70,000 benchmark no longer reflects prevailing…
Naira holds steady at ₦1372/$ at official FX market
The naira traded relatively stable against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign…