Naira steady near ₦1,330/$ as parallel market premium persists
The naira traded with little movement against the dollar on Tuesday, October 20, 2026, staying close to the ₦1,330 mark in the…
Finance
FG disputes World Bank’s 124% debt servicing-to-revenue claim in H1
The Federal Government has rejected the World Bank’s finding that debt servicing consumed 124 per cent of revenue in the first half…
Investors lose ₦535bn as NGX extends decline to third week
The Nigerian Exchange Limited fell further Week-on-Week amid selling pressure across sectors. This came despite the fourth consecutive monthly decline in the…
FG turns to bond market to pay ₦6trn power debt
The Federal Government has turned to the bond market to raise funds. Its debts to power generation companies reached N6 trillion at…
SERAP sues INEC over alleged failure to account for ₦126.46bn
The Socio-Economic Rights and Accountability Project has taken the Independent National Electoral Commission to court over its alleged failure to account for…
Nigeria spends ₦5.28tn servicing domestic debt in six months
Nigeria spent ₦5.28tn servicing its domestic debt between January and June 2026, as interest payments on government securities continued to absorb substantial…
NGX adds ₦21.74bn as all-share index extends rally
The Nigerian equity market gained ₦21.74 billion on Thursday, October 15, 2026, as the Nigerian Exchange extended its rally for a second…
Nigeria’s FX utilisation hits $18.34bn, highest quarterly level since 2011
Nigeria’s foreign exchange utilisation rose to $18.34 billion in the second quarter of 2026, its highest quarterly level since the third quarter…
Naira holds steady at ₦1,331.09/$ in official FX market
The Naira held steady against the United States Dollar in both the official and informal currency segments. Data from the Nigerian Foreign…
FAAC shares ₦2.428trn to FG, states, LGs for September
The Federation Account Allocation Committee has distributed ₦2.428 trillion among the Federal Government, state governments and local government councils, as revenue accrued…
Single-digit inflation could save Nigeria over $10bn, says Oyedele
Finance Minister Taiwo Oyedele has said that achieving single-digit inflation in Nigeria could save the government more than $10 billion, adding that…
Nigeria’s foreign reserves hit $58.81bn, highest level since 2008
Nigeria’s foreign exchange reserves rose to $58.81 billion on October 12, 2026, their highest level since November 19, 2008, when reserves stood…