Nigeria’s bold economic reforms—removal of fuel subsidies and unification of the exchange rate—have ignited investor optimism, signaling a transformative shift towards a more resilient and diversified economy. The unification of Nigeria’s exchange rate, eliminating the dual-window system, has enhanced transparency and liquidity in the foreign exchange market. This move has[Read More…]
Business
Naira Gains Ground: Is Stability on the Horizon?
For a nation long accustomed to the naira’s volatile dance against major global currencies, recent trends offer a glimmer of hope. The Nigerian naira has, in recent months, shown signs of strengthening and relative stability, sparking cautious optimism about the future of the nation’s currency and its broader economic implications.[Read More…]
Reserves Rebound: $364 Million Boosts Nigeria’s Forex Position – A Breath of Fresh Air for the Economy
In a welcome development for the Nigerian economy, the nation’s foreign exchange reserves have experienced a significant upswing, bolstered by a substantial $364 million increase. This positive movement, revealed in the latest figures released by the Central Bank of Nigeria (CBN), offers a potential respite from recent economic headwinds and[Read More…]
Bull Run Continues: NGX Investors Reap Billions Amidst Sectoral Gains
The Nigerian Exchange Limited (NGX) continues its impressive bullish streak, delivering substantial gains to investors across various sectors. In a market buoyed by a confluence of factors, billions of naira have flowed into portfolios as both domestic and international players respond positively to recent economic indicators and corporate performances. While[Read More…]
Nigeria’s Financial Pulse: Inside the Money Market Moves of May 2025
By Ijeoma Theresa Anyanwu Nigeria’s money market is buzzing with fresh energy this May, reflecting the country’s evolving economic landscape. As the Central Bank of Nigeria (CBN) and financial institutions navigate tight liquidity, investors and observers alike are paying closer attention to short-term instruments that fuel the economy behind the[Read More…]
Post-Subsidy Gains: Investors Eyeing a Reformed Economy
Nigeria’s bold economic reforms—removal of fuel subsidies and unification of the exchange rate—have ignited investor optimism, signaling a transformative shift towards a more resilient and diversified economy. The unification of Nigeria’s exchange rate, eliminating the dual-window system, has enhanced transparency and liquidity in the foreign exchange market. This move has[Read More…]
Chevron Reaffirms Commitment to Socio-Economic Development in Delta State
By Francis Sadhere, Warri Chevron Nigeria Limited (CNL), the operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL (NNPCL/CNL JV), has reaffirmed its dedication to the socio-economic development of communities surrounding its operations in Delta State. This commitment was reiterated during a visit by[Read More…]
FG Committed To Reducing Food Prices Through Agricultural Investments – Information Minister
The Minister of Information and National Orientation, Mohammed Idris, has reaffirmed the Federal Government’s commitment to lowering the cost of food commodities through massive investments in agricultural production. Idris stated this in Abuja at a press briefing to kick-start the Ministerial Briefing Session for 2025. He emphasized that while the[Read More…]
Cargo Movement From Apapa Lagos To Moniya, Ibadan Kicks Off
The Executive Secretary/CEO of Nigerian Shippers Council, Akutah Pius Ukeyima, Esq., MON, FCILT, FInsTA, Ph.D., attended the flag-off ceremony for the Standard Gauge Rail, which facilitates cargo movement from Apapa Lagos to Moniya in Ibadan, Oyo State. This significant partnership between APM Terminals and the Nigeria Railway corporation will enhance[Read More…]
Nigeria’s Digital Payments Surge: Instant Transactions Hit N1.7 Quadrillion In 2024
Paul Onehi The Nigeria Inter-Bank Settlement System (NIBSS) has released its latest report, highlighting a substantial increase in instant payment transactions. In 2024, the total transaction value skyrocketed to N1.07 quadrillion, representing a remarkable 78% growth from N600.36 trillion in 2023. According to NIBSS data, December 2024 recorded the highest[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]