Naira slumps to four-week low at ₦1373/$
The naira depreciated to N1,373/$ at the official foreign exchange market on June 23, 2026, marking its weakest closing rate in four…
Finance
Civil servants demand 400% increase in minimum wage
Civil servants under the umbrella of the Joint National Public Service Negotiating Council Trade Union Side have called on the federal government…
Nigerian stock market loses ₦366bn over profit-taking
After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the…
Bayelsa spent ₦26.1bn on salaries in April, May
The Bayelsa State government says it has spent a total of N26.1b for salaries related components for the months of April and…
Oyedele, Wike meet to harmonise FCT tax administration
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele and his Federal Capital Territory counterpart, Barr. Nyesom Wike…
Only 18% of Nigerian retailers can access formal loans — FMCG
A new report by commerce technology company Omni, has revealed that only 18 per cent of Nigerian retailers have been able to…
Naira slips to ₦1,410/$ at parallel FX market
The Naira on Thursday depreciated to N1,410 per dollar in the parallel market from N1,405 per dollar on Wednesday. Similarly, the naira…
FAAC shares ₦2.3trn revenue for May
The Federation Account Allocation Committee has shared a total of N2.3 trillion among the Federal Government, state governments and local government councils…
Only 6% of Nigerians can access formal credit — Mutual Benefits
Mutual Benefits Assurance Plc has said a situation where only about six per cent of adults can currently access credit through formal…
Naira stable at ₦1,360/$ in official FX market as liquidity improves
The naira traded relatively stable against the United States dollar at the Nigerian Foreign Exchange Market on Thursday, June 18, 2026, as…
CBN offers ₦450bn treasury bills at auction
The Central Bank of Nigeria is offering N450 billion worth of Nigerian Treasury Bills for auction on Wednesday, June 17, with the…
IMF warns stablecoins could weaken naira’s monetary policy
The International Monetary Fund has warned that the growing use of United States dollar-denominated stablecoins in Nigeria could weaken demand for the…