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…
Category: BUSINESS
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…
Dollar to Naira exchange rate today, October 18, 2025
The official daily Nigerian Foreign Exchange Market (NFEM) rate — the Central Bank-derived volume-weighted average used as the market’s benchmark — was reported at about ₦1,471.03 to the dollar on…
High cost of gas cylinders promoting firewood cooking — Eterna
The Managing Director of Eterna Plc, Mr. Olumide Adeosun, has said that Nigeria’s clean cooking targets may remain out of reach unless urgent steps are taken to address the high…
Dangote Refinery deploys CNG trucks to distribute petrol at N850 per litre
The Dangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, PMS, also known as petrol at N850 per litre…
DisCos get N28bn bailout for free meter rollout
The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all…
Banks’ deposit with CBN rises 568% to N146.13trn in 9 months
Banks’ deposit with the Central Bank of Nigeria, CBN, grew by 568.7 percent, YoY, to N146.13 trillion in the first nine months of the year (9m’25) from N21.85 trillion in…
IMF seeks autonomous central banks in stronger global system
The International Monetary Fund (IMF) has called on governments worldwide to build stronger institutions and ensure the independence of their central banks. At the IMF Annual Meetings in Washington, DC,…
