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…
Finance
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 billion, as worsening insecurity across the country…
Nigeria’s external reserves drop $731m in three weeks
Nigeria’s external reserves declined by about $731 million within the first three weeks of April 2026, reflecting continued pressure on the country’s…
NGX hits record high as banking stocks drive market gains
The stock market extended its bullish run for the fourth consecutive week, supported by sustained investor interest in Banking and Industrial Goods…
United Capital approves ₦18bn total dividend payout for 2025
United Capital Group, a pan-African investment bank and financial services group, has approved a total dividend payout of N18 billion as shareholder…
Naira hits three-week low at ₦1,361.5/$
The Naira extended its losing streak on Friday, closing at N1,361.5 per dollar, its weakest level in three weeks, amid persistent pressure…
FG approves increased allowances, exit benefits for civil servants
The Federal Government of Nigeria has approved a sweeping increase in peculiar allowances and other welfare benefits for civil servants, in a…
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 2026, as strong investor demand continued to…
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 dollar across both the official and parallel…
Tinubu unveils ₦25trn pension assets to secure workers’ future
President Bola Tinubu has officially unveiled a N25 trillion pension asset pool. This initiative is part of a broad social protection drive…
CBN allots ₦894bn treasury bills, demand hits ₦2.36tn
The Central Bank of Nigeria allotted a total of N894.17 billion at its Treasury Bills Primary Market Auction held on Wednesday, April…
FAAC shares ₦2.04tn March revenue across FG, states, LGs
The Federation Account Allocation Committee shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase from the N1.89tn…