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Naira to weaken as fuel importers increase dollar demand The naira is coming under renewed pressure against the United States dollar as fuel importers increase foreign exchange purchases to build inventories. Reuters reported on Thursday that the Nigerian currency, alongside... Read More →

Private sector credit climbs to N83.3tn amid lending growth Credit to Nigeria’s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released... Read More →

Nigeria’s money supply hits N133.25tn despite tight monetary policy Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of Nigeria maintaining a benchmark Monetary Policy Rate at 26.5 per cent.... Read More →

Equities shed N800bn as profit-taking halts market rally The recent bullish momentum on the Nigerian Exchange Limited came to a sudden halt on Wednesday as aggressive profit-taking in high-capitalisation stocks wiped N800bn off the total market valuation. The All-Share Index... Read More →

Dangote resumes naira petrol sales, hikes price by N140 The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly called petrol, in naira, ending its brief dollar-denominated pricing regime, while increasing its ex-depot price by N140 per... Read More →

Prioritise governance over account openings, CBN tells banks The Central Bank of Nigeria has urged financial institutions to shift their focus from mere account- opening metrics to delivering measurable customer outcomes, warning that financial inclusion without strong corporate governance risks... Read More →

Inflows, FX reforms lift external reserves 58% under Cardoso Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria  in September 2023, driven by stronger export earnings, increased ... Read More →

Businesses, economists back CBN’s 26.5% interest rate decision The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, the benchmark interest rate, at 26.5 per cent for the second consecutive meeting, citing renewed... Read More →

Unilever declares N11bn dividend on N119bn H1 revenue Unilever Nigeria Plc has announced a 22 per cent growth in revenue for the first half of 2026, reaching N119.9bn. In a financial statement released to the Nigerian Exchange on Tuesday, the... Read More →

NGX gains N307bn as market capitalisation rises to N159tn The Nigerian Exchange sustained its upward momentum on Tuesday as investors added N307bn to market capitalisation, driven by renewed buying interest in medium-cap stocks that easily outweighed profit-taking in selected equities.... Read More →