Pension allocation to infrastructure declines amid $100bn gap
The infrastructure sector in Nigeria faces a substantial funding shortfall, estimated at $100 billion. Against this challenging backdrop, the portion of pension…
Finance
CBN holds monetary policy rate at 27% amid inflation
The Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 27 per cent, citing the need to allow previous…
Nigeria’s trade surplus drops by 35% in July
Nigeria’s monthly trade surplus fell by 35 per cent, month-on-month, reaching $1.39 billion in July from $2.14 billion in June. This decline…
Naira holds mid-₦1,400s range against dollar
The Nigerian naira traded near the mid-₦1,400s against the United States dollar on Wednesday, November 26. The official Daily Nigerian Foreign Exchange…
ICYMI: Pastors, Imams must pay personal tax — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that pastors, imams, and other religious…
Nigeria’s money supply hits N117.8tr in two years
The money supply flowing into Nigeria’s economy has substantially risen, reaching a record N117.8 trillion in two years, a period characterized by…
Naira holds steady, narrows official, parallel markets gap
The Nigerian naira was actively traded at approximately ₦1,456 to the US dollar in the official Daily Nigerian Foreign Exchange Market on…
Nigerian equities market suffers N2.1tr loss
The Nigerian equities market extended its bearish streak last week, driven by persistent sell pressures and weak investor demands. This downturn resulted…
SEC declares transition to T+2 equities settlement
The Securities and Exchange Commission is scheduled to officially transition to a T+2 settlement cycle for equities transactions starting on Friday, November…
Naira depreciates to N1,456.72/$
The Naira experienced a noticeable downturn last week, depreciating by 0.99% at the official Nigerian Foreign Exchange Market to N1,456.72/$ as of…
Naira-dollar rate remains stable at ₦1,450 in official market
The dollar to naira exchange rate on November 22, 2025, in Nigeria’s official Nigerian Foreign Exchange Market is stable around ₦1,450 per…
DMO targets N500bn bond sale, expands domestic borrowing
Nigeria’s Debt Management Office is scheduled to seek to raise between N400 billion and N500 billion on Monday, November 24, 2025. This…