CBN drains N4.72trn in 48 hours as investors chase 19.9% OMO yields
Nigeria’s money market saw another aggressive liquidity squeeze as the Central Bank of Nigeria (CBN)...
Month: August 2026
Tegbe pledges steady power to industries as 100MW supply gap triggers probe
The Federal Government has pledged to sustain electricity supply to major industrial users along the 132kV...
Naira strengthens to N1,337 as reserves hit $53.11bn, FX turnover slumps 49%
Nigeria’s external position has strengthened sharply as the naira appreciated to N1,337/$ on the official market while...
NGX market cap rises N1.3trn WoW as All-Share Index gains 0.81%
The market capitalisation of the Nigerian Exchange Limited (NGX) rose by about N1.3 trillion week-on-week...
FTSE return puts Nigeria’s capital market on $1trn growth path-Popoola
Nigeria’s return to the FTSE Russell Frontier Market index on September 21, 2026 could open a fresh...
Moody’s boost cuts risk as Nigeria eyes investment-grade status
Nigeria’s improving economic fortunes have received a fresh vote of confidence from global markets, with...
Nigeria attracts record $947m diaspora dollars as remittances near $1bn monthly mark
Nigeria’s foreign exchange market received a record $947 million in formal diaspora remittances in July...
WhatsApp strengthens account security with password, passkeys
WhatsApp has introduced new account security features designed to give users greater control over...
Local content must meet world-class standards-MTN CFO
Nigerian businesses must move beyond policy protection and local patronage to build world-class capacity, governance, technology...
Nigeria courts China for oil, gas financing as $40,000m energy projects move to pipeline
Nigeria is stepping up efforts to attract long-term Chinese capital, technology and industrial partnerships into its oil...
