Naira holds stable against British pound at ₦1850/£
The Nigerian currency maintained its relatively stable run against the British currency on the Nigerian foreign exchange market, amid a rebound in…
Finance
Naira depreciates to ₦1400/$ at parallel FX market
The Naira on Monday depreciated to N1,400 per United States dollar in the parallel market from N1,390 per dollar last weekend. However,…
DMO to raise ₦1.2trn through FGN bond reopening
The Debt Management Office, on behalf of the Federal Government of Nigeria, will reopen two FGN Bonds to raise a combined N1.2…
United Capital acquires 5% stake in NGX
United Capital Group has announced the acquisition of a five per cent equity stake in the Nigerian Exchange Group. Nairametrics reported that…
Reps extend 2025 capital budget deadline to September 30
The House of Representatives on Monday approved a three-month extension for the capital component of the 2025 Appropriation Act, moving the implementation…
Nigerians, others borrowed $3.18bn airtime credit in 2025 — Optasia
Mobile phone subscribers in Nigeria and other emerging markets borrowed airtime worth $3.18bn on credit in 2025, with Africa accounting for more…
Naira gains against Euro, closes at ₦1573/€
The Naira strengthened against the major European currency in the 4th session of the week. According to CBN data, the Naira closed…
NRS unveils Rev360 digital platform to boost tax compliance
The Nigeria Revenue Service has unveiled Rev360, its next-generation digital tax administration platform designed to deliver a more integrated, intelligent, and taxpayer-centric…
Lawmakers don’t fix their salaries, RMAFC does — Senate leader
Senate Leader, Opeyemi Bamidele, has dismissed claims that federal lawmakers determine their own allowances. Rather, he insisted that salaries and official vehicle…
IMF projects Nigeria’s external debt to hit $72.6bn by 2027
Nigeria’s public external debt is projected to rise by $20.7bn by 2027, the country’s election year, according to the International Monetary Fund.…
Tax Ombud vows to end multiple taxation across Nigeria
The Tax Ombud, Dr. John Nwabueze, has pledged to eliminate arbitrariness in Nigeria’s tax system and tackle the challenge of multiple taxation…
DMO raises Q2 Treasury Bills issuance by ₦850bn
The Debt Management Office has increased its Nigerian Treasury Bills issuance programme for the second quarter of 2026 by approximately N850 billion,…