Economy & Business News
Investors Lose ₦1.62 Trillion As NGX Reverses Gains After CBN Decision
Investors on the Nigerian Exchange Limited, NGX, recorded a massive ₦1.62 trillion loss on Wednesday as the equities market reversed…
Category: Economy & Business News
Economy & Business News
Naira Trades Around ₦1,366/$ At Official Market As Black Market Rate Hits ₦1,400
The Nigerian Naira maintained relative stability against the United States Dollar on Friday, May 8, 2026, amid continued monitoring by…
Economy & Business News
Naira Strengthens Again, Trades Around ₦1,355/$ at Official Market
The Nigerian naira continued its steady rise against the United States dollar on Wednesday, February 11, 2026, trading around ₦1,355/$ at the official foreign…
Economy & Business News
Naira Refuses to Slip: Currency Holds Below ₦1,400/$ as CBN Strategy Boosts Confidence
The Nigerian naira maintained its recent momentum against the United States dollar on Thursday, January 29, 2026, opening the trading session at approximately ₦1,395.09…
Economy & Business News
Bank Account Debit Powers Stir Anxiety as Nigeria’s Tax Reform Faces Fresh Scrutiny
Nigeria’s ongoing tax reform agenda has triggered renewed controversy following a notice by the Lagos Internal Revenue Service (LIRS) asserting statutory powers to recover…
Economy & Business News
Naira Refuses to Fall: Nigerian Currency Holds Firm Around ₦1,420/$ as Confidence Grows
Nigeria’s currency, the naira, remained largely stable against the United States dollar at around ₦1,420/$ in the official market during mid-week trading, signaling growing…
Economy & Business News
Naira Holds Firm at ₦1,419/$ as FX Market Opens — Early Gains Signal Investor Confidence
The Nigerian naira opened trading on Tuesday, January 20, 2026, at ₦1,419.37 per US dollar, maintaining a steady footing at the official foreign exchange…
Economy & Business News
Naira Stuns Market Again! Dollar Retreats as CBN Reserves Climb — Here’s What Really Happened
The Nigerian naira made a surprise comeback on Thursday, appreciating against the United States dollar at the official foreign exchange market and signalling renewed…
Economy & Business News
Naira Under Pressure Again! Dollar Creeps Toward ₦1,480 as Mid-Week FX Market Sends Fresh Warning
The Nigerian naira opened the mid-week foreign exchange market under renewed pressure, trading around ₦1,426.67 to the US dollar, a development that has reignited…
Economy & Business News
Nigeria, UAE Sign Trade Agreement to Remove Tariffs on Thousands of Products
Nigeria and the United Arab Emirates (UAE) have signed a major trade agreement aimed at removing tariffs on thousands of Nigerian products entering the…
Economy & Business News
No More Petrol Imports as Dangote Refinery Meets Local Demand — Oil Marketers
Oil marketers in Nigeria have disclosed that petrol supply is currently being sourced largely from the Dangote Petroleum Refinery, with claims that importation of…
Economy & Business News
Businesses, Traders Raise Prices Amid Implementation of New Tax Laws
Findings indicate that since the new tax laws took effect in January, prices of certain products and services have risen in several parts of…
Economy & Business News
Naira Holds Firm at ₦1,427/$1 at Official Market as CBN Reforms Boost Confidence
The Nigerian naira traded steadily around ₦1,427.52 per United States dollar at the official foreign exchange window on Thursday, reflecting continued stability as the…
Economy & Business News
Naira Trades Around ₦1,432 at Official Market as FX Activity Picks Up
The Nigerian naira traded around ₦1,432.00 per US dollar at the official market during the early hours of Wednesday, January 7, 2026, reflecting a…
Economy & Business News
Naira Opens First Full Trading Week of 2026 With Mixed Performance Across FX Markets
The Nigerian naira began the first full trading week of 2026 with mixed movements across major foreign exchange markets, as renewed dollar demand offset…
Economy & Business News
Naira Opens 2026 Trading Year Stable Across Official and Parallel FX Markets
The Nigerian naira began the first full trading Friday of 2026 on a steady note across both the official and informal foreign exchange markets,…
Economy & Business News
Naira Holds Steady Against Dollar at Parallel Market on Remittance Support
The Nigerian naira traded on a relatively steady note against the U.S. dollar in the informal foreign exchange market on Monday, December 29, 2025,…
Economy & Business News
Naira Shows Renewed Stability, Gap Between Official and Parallel Markets Narrows
Nigeria’s foreign exchange market continued to exhibit calm on Thursday, December 11, 2025, as the Naira maintained steady performance against the US Dollar across…
Economy & Business News
Naira-Dollar Exchange Rate Opens New Week With Stability
The Naira began the new week on a steady note on Monday, as the exchange rate against the U.S. dollar held firm across both…
Economy & Business News
Naira Maintains Strong Stability as Exchange Rate Holds Firm Across Markets
Nigeria’s Naira continued to show impressive stability on Wednesday, boosting market confidence as the currency held steady against the United States Dollar across both…