Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
Economy
- BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
- BankingEconomyFinance & ServicesForex TradingGovernment PolicyMarketsRegulation
CBN Approves Only 82 Licensed BDCs After New Forex Rules, Warns Nigerians Against Unauthorised Operators
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change (BDCs) have been granted final approval to operate in the country after meeting its new and stricter …
- BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
FG Cuts Oil Block Signature Bonus to $3m–$7m
The Federal Government of Nigeria has reduced the signature bonus required for participation in the 2025 oil block licensing round, in a major move aimed at attracting more investors into …
- BankingCapital MarketEconomyINVESTMENTStock MarketTechnology
Nigerian Stock Market Gains N2.44tn as ICT and Banking Stocks
The Nigerian Exchange Limited (NGX) ended the week on a strong note as renewed buying interest in ICT and banking stocks lifted the market by N2.44 trillion. The All-Share Index …
- AgricultureBusinessEconomyFinanceINVESTMENTOil & Gas
Afrinvest Projects Nigeria’s Economy to Grow by Up to 4.5% in Q4 2025 on Stronger Spending and FX Supply
Analysts at Afrinvest have projected that Nigeria’s economy could grow between 4.3 per cent and 4.5 per cent in the fourth quarter of 2025, driven by seasonal activities, improved foreign …
- ConstructionEconomyHousingInfrastructureReal EstateUrban Development
Report Warns Nigeria’s Housing Market Faces Risk as 70% of Building Materials Are Imported
Nigeria’s heavy dependence on imported building materials is exposing the country’s housing sector to serious risks, especially from foreign exchange pressure and global supply chain shocks, a new report on …
- BankingDevelopmentEconomyEducationEntrepreneurshipTechnologyYouth
The Alternative Bank Calls for More Tech Support for Nigerian Youths at JBC Summit
The Alternative Bank has renewed the call for increased access to technology and critical digital resources for young Nigerian innovators, saying such support is important for the country’s long-term economic …
- BankingBusinessEconomyFinancePoliciesRegulationTechnology
Nigerian Banks Shift Focus to Fees, Digital Services as FX Windfall Falls
Nigerian banks are increasingly turning their attention to non-interest income as the extraordinary foreign exchange (FX) gains they enjoyed after the FX market harmonisation begin to fade. This trend was …
- AfricaAviationEconomyNigeriaTradeTravel & Tourism
Emirates Wins Travel Gold Award for Connecting Africa to the World
Emirates Airlines has been recognised for its contribution to African tourism, trade, and cultural exchange, receiving the Travel Gold Award of Excellence for “Connecting Africa to the World”. The award …
- AgricultureEastern AfricaEconomyInternational RelationsMarket TrendsTrade
Tanzania Showcases Coffee, Tea, Spices and More at Kano Trade Fair, Strengthens Ties With Nigeria
Tanzania made a notable appearance at the 46th Kano International Trade Fair, drawing the attention of traders, investors, and visitors with a wide range of its agricultural and manufactured products. …