Monday, July 27, 2026
CBN counters JP Morgan’s N3.7bn estimate of Nigeria’s net FX reserve
Business A.M The Central Bank of Nigeria (CBN) has faulted the recent estimate of the country’s foreign exchange (FX) reserves...
Read moreDetailsTravel & tourism investments to hit $955bn by year end,says report
By Onome Amuge. Travel & tourism investments is on a pathway to overturning pandemic setbacks , with its value projected...
Read moreDetailsStock market sustains bullish trend with market cap up N35.845trn
By Cynthia Ezekwe. The Nigerian stock market sustained a bullish trend on Wednesday, as market capitalisation appreciated by 0.01 per...
Read moreDetailsFAAC allocates N966.110bn to federal govt, subnationals as revenue drops to N1.74trn in July
By Onome Amuge. The Federation Account Allocation Committee (FAAC) has shared a total sum of N966.110 billion federation account revenue...
Read moreDetailsUK charges former petroleum minister,Allison-Madueke to court over alleged bribery
The UK government has announced bribery charges against Diezani Alison-Madueke, former Nigerian oil minister for allegedly receiving substantial financial rewards...
Read moreDetailsAU suspends Niger Republic over military coup
The African Union has suspended Niger from all of its institutions and activities following the July 26 coup “until the...
Read moreDetailsLCCI predicts short-term decline in manufacturing sector as consumer demand shrinks
By Onome Amuge. Nigeria’s manufacturing sector is expected to remain weak in the short term due to squeezed consumer spending...
Read moreDetailsTinubu faces ‘political motivation’ vs. ‘independence’ choices for CBN governor
When the curtains are drawn today, August 21, 2023, a new head of the Nigerian treasury, officially designated ‘Minister of...
Read moreDetailsCBN introduces price verification system portal for FX transactions
The Central Bank of Nigeria (CBN) has introduced a foreign exchange price verification system designed for importers to have access...
Read moreDetailsNigeria’s inflation rate soars for 7th consecutive month to 24.08% in July
By Onome Amuge. Nigeria’s inflation rate rose for the seventh straight month in the year to 24.08 per cent...
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