Category: Finance

Financial sector GDP contribution drops 15% in nine months

Banks, insurance, and other financial institutions’ contribution to the economy fell by 15 per cent...

Naira holds steady as external reserves hit $44.56bn

The exchange rate between the United States Dollar and the Nigerian Naira remained stable on...

Naira stabilises at ₦1,445 official rate against US dollar

The Naira showed resilience against the United States Dollar in early trading on Thursday, December...

Naira gains 6.68% against pound year-on-year after FX reforms

The British Pound Sterling recorded marginal movements against the Nigerian Naira on Thursday, December 4,...

Naira gains in parallel market

The Naira experienced mixed fortunes in the foreign exchange markets on Monday. In the parallel...

TIN mandatory for business not personal accounts – Oyedele

Tax Identification Numbers are not required for strictly personal bank accounts under Nigeria’s new tax...

Nigeria records 428% surge in foreign capital inflows

Nigeria recorded a significant surge in foreign capital inflows in 2025, receiving $20.98 billion in...

Naira gains as foreign capital inflows hit record $21bn

The naira concluded the week with a gain of N7.10 in the official foreign exchange...

CBN projects 2026 disinflation, possible rate cuts

Nigerian central bank Governor Olayemi Cardoso has hinted that the apex bank could resume interest-rate...

Dollar trades at ₦1,446.9 in official FX market

The United States dollar is trading at ₦1,446.9 in the official Nigerian Foreign Exchange Market...

AfDB approves $500m loan for Nigeria energy transition support

The African Development Bank Group announced on Wednesday that it has approved a $500 million...

Pension allocation to infrastructure declines amid $100bn gap

The infrastructure sector in Nigeria faces a substantial funding shortfall, estimated at $100 billion. Against...