NGX ETFs record major losses in April amid thin liquidity
Exchange Traded Funds listed on the Nigerian Exchange recorded a broadly negative performance in April 2026, with the Meristem Growth ETF leading…
Finance
Nigerian stocks rises 20.36% as oil stocks lead April
The Nigerian equities market closed April 2026 on a strong note, rising 20.36 per cent—its best monthly performance so far this year—clearly…
US moves to cut Nigeria aid over ‘attack on Christians’
The United States government is moving to place stricter conditions on financial assistance to Nigeria with the House Committee on Appropriations recommending…
May Day: Sanwo-Olu approves ₦50,000 relief package for Lagos workers
Lagos State Governor, Babajide Sanwo-Olu, has approved a N50,000 relief package for workers across the state for the month of May as…
Naira trades near ₦1,375/$ amid market caution
The Naira commenced the new month with mild fluctuations against the United States Dollar across both the official and informal foreign exchange…
Reps approve Tinubu’s $516.33m loan for Sokoto-Badagry superhighway project
The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section…
Naira gains at parallel market, falls at official FX market
The Naira on Tuesday appreciated to N1,390 per dollar in the parallel market from N1,392 per dollar on Monday. But the naira…
₦1m salary worthless without stable naira value — Ajaero
The Nigeria Labour Congress says a monthly salary of ₦1 million is worthless to workers without a stable naira and improved economic…
Nigeria spends $6bn yearly on imported clothing — FG
The Federal Government has indicated that Nigeria’s textile industry is struggling with massive importation, poor infrastructural backbone against local manufacturers and trade…
CBN maintains forex restrictions on BDCs over compliance concerns
The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns…
Naira trades at ₦1,360/$ in official FX market
The Naira maintained a steady yet cautious position against the United States Dollar as the market opened for trading today, Tuesday, April…
US dollar weakens as Middle East tensions ease slightly
The United States dollar weakened on Monday as shifting geopolitical signals from the Middle East tempered safe-haven demand ahead of a series…