Nigeria’s foreign reserves cross $53 billion, hit highest level since 2009
Nigeria’s foreign reserves cross $53 billion, hit highest level since 2009 Nigeria’s foreign exchange reserves have risen above $53 billion for the first time in more than 17 years, reaching $53.11 billion as of August 24, 2026. Checks by Nairametrics... Read More →
IMF urges deeper fiscal, monetary reforms in Nigeria
IMF urges deeper fiscal, monetary reforms in Nigeria The International Monetary Fund (IMF) has urged Nigeria and other leading African economies to intensify fiscal, monetary and governance reforms to strengthen economic stability and promote broader-based growth. The recommendation was contained... Read More →
NGX sheds N259bn as All-Share Index declines
NGX sheds N259bn as All-Share Index declines The Nigerian Exchange Limited concluded Wednesday’s trading session on a subdued note, as persistent selling pressure pushed equities benchmark indicators further into negative territory. The All-Share Index dropped by 402.25 points to settle... Read More →
CBN’s priority is macro stability, not portfolio investment — Analysts
CBN’s priority is macro stability, not portfolio investment — Analysts Nigeria’s monetary policy should not be viewed as a choice between attracting foreign portfolio investments and supporting local businesses, as the Central Bank of Nigeria’s primary responsibility is to maintain... Read More →