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CBN reforms, rising oil prices lift FX fortunes Nigeria’s foreign exchange outlook has received a fresh boost from the recent rally in global oil prices, with Brent crude trading comfortably above the Federal Government’s 2026 budget benchmark of $64.85 per... Read More →

CBN survey: 87.5% of Nigerian fintechs use AI for fraud detection About 87.5% of Nigerian fintech companies now deploy artificial intelligence (AI) for fraud detection, highlighting how risk management concerns are shaping technology adoption across the country’s fast-growing digital finance... Read More →

Fintechs seek CBN clarity on permissible activities in crypto market  Fintech operators in Nigeria are urging the Central Bank of Nigeria (CBN) to clearly define which cryptocurrency-related activities are permitted for licensed institutions. This call comes amid persistent regulatory uncertainty that industry players... Read More →

Transcorp Hotels reports N32.8 billion FY2025 profit, declares final dividend Transcorp Hotels posted a full-year pretax profit of N32.8 billion in 2025, up 45.1%, driven mostly by strong revenue, which grew 38.36% to N97 billion. The growth was further encouraged... Read More →

Stock Market Commence February on Positive Note as Market Cap Adds N9bn The Nigerian stock market yesterday commenced February 2026 trading activities on a positive note, as the major bench appreciated by 0.01 per cent.  The Nigerian Exchange Limited All... Read More →

Naira closes January at 1,386/$ in official market The naira showed resilience in the final week of January 2026, gaining significant ground against the United States dollar in the official Nigerian foreign exchange market. According to data from the Central... Read More →

How financial reforms lifted Nigeria off EU high-risk list The European Union’s decision to remove Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing has underscored the tangible benefits of reforms implemented by the Central Bank... Read More →

NGX All-Share Index slips 0.09% Last week, the Nigerian Exchange Limited All-Share Index fell 0.09 per cent to close the week at 165,370.40 points, while market capitalisation rose 0.18 per cent to N106.153tn. Most other indices closed higher, except NGX... Read More →

Naira breaks N1,400 barrier at N1,396.99/$ Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central... Read More →

NGX market cap rises by N232b The Nigerian Stock Exchange closed higher on Thursday, 29 January 2026, as investors responded to positive market sentiment despite a slowdown in trading activity. The total market capitalisation rose by N232bn, from N105.74tn on... Read More →