The value of dollars traded in Nigeria’s foreign exchange market nearly doubled to $3.37 billion in the week ended October 9, 2026, from $1.70 billion […]
Category: Economy
SEC disowns WayvePay, warns Nigerians against investing through platform
The Securities and Exchange Commission (SEC) has disowned online investment platform WayvePay, warning Nigerians against investing through the company over concerns about suspected fraudulent activities. […]
SEC DG proposes investment funds to finance university hostels
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has proposed the establishment of investment funds to finance student hostel construction in […]
Nigeria records world’s highest diesel price increase at 82.7% – Report
Nigeria recorded the world’s highest diesel price increase, at 82.7%, between February and August 2026, according to the United Nations Conference on Trade and Development […]
SEC DG warns shortage of credible issuers could inflate asset prices
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has warned that a shortage of credible issuers in Nigeria’s capital market could […]
UN names Nigeria among oil exporters set to benefit from higher energy prices
Nigeria is among the oil and gas exporters positioned to benefit from higher global energy prices, although rising refined fuel costs could offset some of […]
Naira likely to break below N1,300/$ amid high FX supply
The Nigerian currency is projected to trade stable to bullish, with a 6-month target in the N1,250/$-1350/$ corridor, supported by CBN interventions and market confidence. […]
Access Holdings IT director Olanrewaju Bamisebi retires after four years
Access Holdings Plc has announced the retirement of its Executive Director, Information Technology and Digitalisation, Olanrewaju Bamisebi. His retirement became effective on September 30, 2026, […]
Lagos launches up to N200 billion 10-year bond: Key takeaways for investors
The Lagos State Government has opened its Series 5 Fixed Rate Bond offer to raise up to N200 billion under its N1 trillion Debt and […]
CBN insider credit crackdown forces some bank owners, directors out of banking system
The Central Bank of Nigeria (CBN) has disclosed that some bank owners, shareholders and board members have exited the banking industry following stricter enforcement of […]