The Nigerian Naira continued its steady upward trend in the official foreign exchange market on Thursday, June 6, closing at ₦1,553.11 per dollar, as reported by the Central Bank of …
Economy
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Nigeria’s SEC Sets November 2025 for Shift to T+2 Settlement Cycle in Equities Market
The Securities and Exchange Commission (SEC) has officially announced that the Nigerian capital market will adopt a T+2 settlement cycle for all equities transactions, starting November 28, 2025. This marks …
- Business and EconomyEconomyFinance & ServicesINVESTMENTMarketsNigeria
Nigerian Stock Market Soars with N1.16tn Gain as Investors Position Ahead of Eid-el-Kabir
The Nigerian equities market closed on a high note on Thursday as investors celebrated a massive ₦1.16 trillion gain in market capitalisation, the largest single-day profit recorded in recent weeks. …
- DevelopmentEconomyGOVERNMENTInfrastructureINVESTMENTNigeriaPoliticsTransportation & Logisitics
Tinubu Inaugurates Lekki-Epe Deep Seaport Road
President Bola Ahmed Tinubu on Thursday inaugurated the newly reconstructed Lekki-Epe Deep Seaport road in Lagos State, commending stakeholders for their contributions and reiterating his administration’s focus on delivering transformative …
- Business and EconomyEconomyEnergyInfrastructureInternational RelationsINVESTMENTNigeriaTrade and Commerce
US Replaces Aid with $13bn Investment in Nigeria, Targets Agriculture, Tech, and Infrastructure for Economic Growth
The United States Ambassador to Nigeria, Richard Mills Jr., has announced a strategic shift in U.S. engagement with Nigeria and sub-Saharan Africa, moving from traditional aid to a focus on …
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Thesarus Gardens Marks 10 Years: Novarick Homes Celebrates a Decade of Shared Vision and Growth
As Thesarus Gardens celebrates its 10th anniversary in Nigeria’s real estate industry, Novarick Homes has joined in acknowledging the company’s journey, applauding a decade of consistency, growth, and collaboration. The …
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Ram Prices Double Nationwide Ahead of 2025 Sallah Celebration
Prices of rams have doubled across Nigeria as Muslims prepare for the 2025 Eid-el-Kabir celebration, also known as Sallah. Traders and livestock dealers say the sharp increase in prices is …
- EconomyGOVERNMENTNigeriaTravel & Tourism
Presidency Spends Over ₦23bn on Foreign Currency for Trips in 2024 Amid Economic Struggles
The Presidency spent more than ₦23 billion in 2024 to purchase foreign currencies for international travels by top executive officials including President Bola Ahmed Tinubu, Vice President Kashim Shettima, and …
- AfricaDevelopmentEconomyPoliticsUGANDA
World Bank Resumes Funding to Uganda Nearly Two Years After Anti-LGBT Law Fallout
The World Bank has announced the resumption of funding to Uganda, nearly two years after suspending new financing to the country due to the enactment of the controversial Anti-Homosexuality Act …
- EconomyGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Strengthens Ahead of Budget Debate as Economic Signals Improve
The South African rand firmed slightly on Wednesday morning, gaining momentum ahead of a crucial parliamentary debate on the long-awaited national budget. By 07:30 GMT, the rand was trading at …