Nigerian stock market declines over profit-taking by investors
After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the…
Finance
Naira holds steady against dollar in official, parallel FX markets
The naira traded within a relatively stable range against the United States dollar on Monday, May 25, 2026, across both the official…
NRS pledges fair mining royalty collection under new tax regime
The Nigeria Revenue Service has pledged transparent and fair administration of mining royalties under the new tax laws that transferred the collection…
Jigawa residents demand ban on betting activities to avoid losses
Some residents in Dutse, Jigawa State, have called for a total ban on betting to protect themselves from losses and promote financial…
African currencies depreciate amid US-Iran crisis — Report
African currencies came under renewed pressure following the escalation of geopolitical tensions involving the United States, Israel, and Iran, with currencies across…
Nigerian stock market ends seven-week winning streak
The Nigerian equities market closed the trading week ended May 22, 2026, on a weaker note, shedding 618.55 points to settle at…
Nigeria remains top IDA borrower despite W’Bank loan exposure decline
Nigeria retained its position as the International Development Association’s third-largest borrower in the first quarter of 2026 despite recording a slight decline…
Lagos revenue hit ₦2.6trn in 2025 — Commissioner
Lagos State recorded a total revenue of N2.6 trillion in 2025, marking a 16 per cent increase from the N2.3 trillion generated…
Court grants CBN sole ownership of eNaira platform
The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria sole ownership rights to the eNaira digital…
Naira holds firm at ₦1,370/$ in both FX markets
The Naira maintained its steady momentum against the United States Dollar in the early hours of Friday, May 22, 2026, demonstrating continued…
Naira weakens to ₦1,387/$ in parallel FX market as margin narrows
The Naira on Thursday depreciated to N1,387 per United States dollar in the parallel market from N1,380 per US dollar on Wednesday.…
FG releases 50% of 2025 scholarship arrears to Nigerian students abroad
The Federal Government has started releasing 50 per cent of outstanding 2025 Bilateral Education Agreement scholarship arrears to Nigerian students studying abroad.…