Category: Finance

Tinubu seeks senate approval to borrow ₦1.15trn domestically

President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion...

W’Bank to disburse $500m loan for Nigeria’s Project BRIDGE

The $500 million loan from the World Bank for Nigeria’s Building Resilient Digital Infrastructure for...

Trump’s war threat drags naira, equities market down sharply

Nigeria’s financial markets opened the month on a downturn as both the naira and equities...

Pound sterling trades above ₦2,000/£ in FX market

The British pound sterling traded at approximately ₦2,065.96 to £1 in the Nigerian market, according...

Naira trades at ₦1,421.73/$ on official foreign exchange market

The Nigerian naira traded at ₦1,421.73 to the United States dollar on the Daily Nigerian...

CBN OMO auction fails, sells only ₦1.11bn at 21.69%

The Central Bank of Nigeria’s Open Market Operations auction saw poor demand on Friday despite...

W’Bank to review Nigeria’s $1bn loan application Dec 16

The World Bank has fixed December 16 as a tentative approval date for a fresh...

Nigeria’s money supply falls to ₦118trn amid CBN tightening

Nigeria’s money supply fell month-on-month to about ₦118 trillion in September 2025, down from ₦119.7...

CBN refutes report of $1.26bn forex allocation for fuel import

The Central Bank of Nigeria has refuted a report claiming that it allocated $1.269 billion...

Naira appreciates to ₦1,487/$1 in parallel market

The Naira on Tuesday appreciated to ₦1,487 per dollar in the parallel market, up from...

Cross River proposes ₦780.59bn budget for inclusive growth

Cross River State Governor, Senator Bassey Edet Otu, has proposed a total budget size of...

Lagos’ ₦3.355trn 2025 budget hits 80% performance – Omotosho

The Lagos State Government has announced that its ₦3.366 trillion 2025 budget has achieved an...