Friday, August 7, 2026
$482m external reserves decline linked to falling oil prices
Nigeria’s external reserves dropped by $482.18m from N45.14bn as of July 8 to $44.65bn as of August 8, latest statistics...
Read moreDetailsCBN to auction N34bn T-bills today
The Central Bank of Nigeria (CBN) will today auction N34bn worth of Treasury bills, and roll over existing federal government...
Read moreDetailsDon’t give a cent to anybody to import food into the country, Buhari orders CBN
Muhammadu Buhari, Nigeria's president on Tuesday in Daura, Katsina State, disclosed that he has directed the Central Bank of Nigeria...
Read moreDetailsOil soars near 5% on easing U.S.-China trade tensions
Oil prices rose almost 5% on Tuesday after the United States said it would delay imposing a 10% tariff on...
Read moreDetailsStocks, dollar rebound on new U.S.-China trade call
U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it...
Read moreDetailsCAC extends promotional registration deadline, registers 220,773 MSMEs in 10 months
The Corporate Affairs Commission has announced a three day extension of the 50 percent reduction in the registration fee for...
Read moreDetailsOil steadies as Saudi, Kuwait signals offset demand fears
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into...
Read moreDetailsAnalysts: declining crude oil prices may worsen Nigeria’s vulnerabilities
The steady decline in crude oil prices last week, which saw a drop below the $60 per barrel benchmark price...
Read moreDetailsBanks’ market capitalisation drops by N657bn
The market capitalisation of banks listed on the Nigerian Stock Exchange dropped by N657bn in the first seven months of...
Read moreDetailsElectricity: Nigeria-Siemens 25,000MW deal to gulp over N1.15trn
The six-year electricity deal signed by the federal government and Germany-based Siemens AG in July will cost more than N1.15...
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