SEC approves commercial paper listing, boosts NGX debt market
Nigerian Exchange Limited has introduced Commercial Paper listings, following approval from the Securities and Exchange Commission, marking another significant expansion of its…
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 to N1.512 trillion in the third quarter,…
Naira holds steady as external reserves hit $44.56bn
The exchange rate between the United States Dollar and the Nigerian Naira remained stable on Friday, December 5, 2025, as the local…
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 4, 2025, maintaining a narrow gap between…
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, 2025, reflecting a continued trend of convergence…
Naira gains in parallel market
The Naira experienced mixed fortunes in the foreign exchange markets on Monday. In the parallel market, the currency appreciated to N1,470 per…
TIN mandatory for business not personal accounts – Oyedele
Tax Identification Numbers are not required for strictly personal bank accounts under Nigeria’s new tax reforms; they become mandatory only if the…
Nigeria records 428% surge in foreign capital inflows
Nigeria recorded a significant surge in foreign capital inflows in 2025, receiving $20.98 billion in the first ten months of the year,…
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 market, coinciding with a surge in foreign…
CBN projects 2026 disinflation, possible rate cuts
Nigerian central bank Governor Olayemi Cardoso has hinted that the apex bank could resume interest-rate cuts next year, provided inflation continues to…
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 window today. On the parallel, or black…
AfDB approves $500m loan for Nigeria energy transition support
The African Development Bank Group announced on Wednesday that it has approved a $500 million loan facility for Nigeria. This substantial funding…