Category: Finance

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to...

Naira trades at ₦1,360/$ in official FX market

The Naira maintained a steady yet cautious position against the United States Dollar as the...

US dollar weakens as Middle East tensions ease slightly

The United States dollar weakened on Monday as shifting geopolitical signals from the Middle East...

Nigeria’s military spending jumps 55% amid rising insecurity — Report

Nigeria’s military expenditure surged sharply in 2025, rising by 55 per cent year-on-year to $2.1...

Nigeria’s external reserves drop $731m in three weeks

Nigeria’s external reserves declined by about $731 million within the first three weeks of April...

NGX hits record high as banking stocks drive market gains

The stock market extended its bullish run for the fourth consecutive week, supported by sustained...

United Capital approves ₦18bn total dividend payout for 2025

United Capital Group, a pan-African investment bank and financial services group, has approved a total...

Naira hits three-week low at ₦1,361.5/$

The Naira extended its losing streak on Friday, closing at N1,361.5 per dollar, its weakest...

FG approves increased allowances, exit benefits for civil servants

The Federal Government of Nigeria has approved a sweeping increase in peculiar allowances and other...

FG borrowed ₦2.69tn from bond market in Q1 2026 — DMO

The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of...

Naira holds at ₦1,355 in official FX market, ₦1,420 in parallel market

The Nigerian naira continues to trade within a relatively narrow band against the United States...

Tinubu unveils ₦25trn pension assets to secure workers’ future

President Bola Tinubu has officially unveiled a N25 trillion pension asset pool. This initiative is...