The Nigerian Naira recorded massive week-on-week losses against the United States dollar at the official foreign exchange market. The Central Bank of Nigeria’s exchange rate showed that the Naira dipped…
Category: BUSINESS
Trade drives Nigeria’s N40tn GDP growth
The trade sector contributed N40.71tn to Nigeria’s Gross Domestic Product in the first six months of 2025, signalling its growing weight in the economy as non-oil exports, gas sales, and…
Loan repayment defaults increase in banks —CBN survey
A Central Bank of Nigeria, CBN, survey report has shown that banks recorded increased default rates on secured loans in the third quarter of the year, Q3’25. Surprisingly, the CBN…
LCCI Applauds Declining Inflation Rate, Warns Progress Still Fragile
The Lagos Chamber of Commerce and Industry (LCCI) has applauded the latest NBS data, which showed that headline inflation and food inflation declined to 16.05 per cent and 13.12 per…
Interest rate drives investment in fixed income by 17.7% to N 2.4trn
Investments in fixed income securities rose by 17.7% Year-on-Year, YoY, in eight months, ended August 2025 to N2,405 trillion from N2.043 trillion recorded in the corresponding period of 2024. This…
Food imports soar 45% as local production falters
Food and beverage imports increased to N677.3bn in the first half of 2025, a 44.48 per cent rise from N468.76bn in the same period of 2024, prompting renewed calls for…
Stock market capitalisation inches towards N100trn
Nigeria’s equity market climbed to a new high, yesterday, extending its rally on the back of broad economic reforms and improving investor sentiment. The NGX market capitalisation chasing a N100…
Naira continues appreciation against US dollar as external reserves sustain rise
The naira continued its appreciation against the United States dollar at the official foreign exchange market on Thursday, amid a sustained rise in Nigeria’s external reserves. Data from the Central…
Despite Competition from Fintech, Banks’ Fee Income Soars 23% to N986.5bn in Half-year 2025
Despite mounting competition from fintech operators, Nigeria’s tier-one and mid-tier banks have strengthened their non-interest income streams, posting a combined N986.5 billion in fees and commission income in the first…
Dollar to Naira exchange rate today, October 19, 2025
The naira traded in the mid-₦1,400s on the official Nigerian Foreign Exchange Market (NFEM) on Sunday, while parallel/black-market dealers quoted the dollar near ₦1,480–₦1,500. The gap between the official NFEM…
