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The International Monetary Fund has endorsed the Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent, saying the move is justified by progress in taming inflation, although monetary policy remains tight. Director of the... Read More →

Nigeria’s foreign exchange reserves have climbed to $55.1bn, their highest level in 18 years, strengthening the country’s capacity to withstand global economic disruptions, Central Bank of Nigeria Governor, Olayemi Cardoso, has said. Cardoso said the growing reserves buffer, alongside relative... Read More →

Nigeria’s headline inflation fell to 14.63 per cent in September 2026, down from 15.39 per cent in August, despite energy costs rising 5.38 per cent during the month. The latest Consumer Price Index report released on Thursday by the National... Read More →

Trading on  the  Nigerian  Exchange  Limited  closed  on  a  positive note  on  Thursday,  as  the benchmark All-Share Index recorded a modest gain of 33.48 points to settle at 247,707.13 points compared to the 247,673.65 points recorded on Wednesday. The market... Read More →

Trading activities on the Nigerian Exchange closed on a positive note on Wednesday, as the market capitalisation recorded an upward movement to close at N160.812tn compared to N160.708tn recorded on the previous trading day. The market All-Share Index similarly appreciated... Read More →

The Federal Government is planning to issue N5.40tn trillion in Nigerian Treasury Bills between October and December 2026, with nearly 76 per cent of the proposed sales concentrated in securities that mature after one year. The issuance plan, published by... Read More →

Following the Securities & Exchange Commission (SEC) warning to the investing public ,  Wayve Microfinance Bank Limited, yesterday said it has withdrawn the relevant promotional materials and removed the associated link regarding Dangote Petroleum Refinery’s N2.15 trillion  Initial Public Offering... Read More →

Nigeria could save more than $10bn in fiscal costs by bringing inflation into single digits and creating room for interest rates to decline, Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele said the potential savings,... Read More →

The Africa Finance Corporation has appointed the Governor of the Central Bank of Nigeria, Olayemi Cardoso, as Chairman of its Board of Directors, as the institution seeks to strengthen infrastructure financing and industrial development across Africa. Cardoso succeeds Ireti Samuel-Ogbu,... Read More →

The President of Dangote Group, Aliko Dangote, has said investors applying with N50,000 and below will receive priority in the Dangote Refinery initial public offering as the company seeks to widen participation in the share sale. Dangote stated this during... Read More →