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Category: Economy

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Dangote Group projects naira at N1,330/$ by year-end, N1,385/$ average for 2026
  • Economy

Dangote Group projects naira at N1,330/$ by year-end, N1,385/$ average for 2026

  • October 11, 2026
  • 0

The naira is projected to trade at around N1,330 per dollar in the fourth quarter of 2026, with a full-year average of about N1,385/$, as […]

Insurance firms roll out new products as recapitalisation fuels competition
  • Economy

Insurance firms roll out new products as recapitalisation fuels competition

  • October 11, 2026
  • 0

Nigeria’s insurance companies are ramping up product innovation and retail-focused offerings following the completion of the industry’s recapitalisation exercise, as operators seek to deploy fresh […]

Why fintechs are not allowed to trade forex, FMDQ CEO explains
  • Economy

Why fintechs are not allowed to trade forex, FMDQ CEO explains

  • October 11, 2026
  • 0

Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe has explained why financial technology companies (fintechs) cannot directly trade in Nigeria’s foreign exchange […]

FG petrol discount not funded by budget, absorbed by NNPC Retail margin
  • Economy

FG petrol discount not funded by budget, absorbed by NNPC Retail margin

  • October 10, 2026
  • 0

The Federal Government has said the petrol discount at NNPC Retail Limited stations is funded entirely by the retailer’s margins, not the federal budget or […]

Best performing equity mutual funds in Nigeria as of September 2026
  • Economy

Best performing equity mutual funds in Nigeria as of September 2026

  • October 10, 2026
  • 0

Nigeria’s equity mutual fund segment recovered to a net asset value of N243.84 billion as of September 25, 2026, up 5.78% from N230.50 billion recorded […]

Google Opens AI content detection tool to users worldwide
  • Economy

Google Opens AI content detection tool to users worldwide

  • October 10, 2026
  • 0

Google has expanded access to its SynthID Detector, allowing people worldwide to check images, videos and audio files for signs that they were generated using […]

Best performing money market funds in Nigeria as of September 2026
  • Economy

Best performing money market funds in Nigeria as of September 2026

  • October 10, 2026
  • 0

The First Ally Money Market Fund topped Nigeria’s money market fund rankings for the first time in 2026, displacing Coronation Money Market Fund, which had […]

Long leases slash entry barrier into Lagos real estate by up to 70% — Sanni Faruq
  • Economy

Long leases slash entry barrier into Lagos real estate by up to 70% — Sanni Faruq

  • October 10, 2026
  • 0

Long leases are gaining attention in Lagos as property prices and construction costs make outright homeownership increasingly expensive. The arrangement allows buyers to secure the […]

ICRC demands full capacity operation of 700MW Zungeru Hydropower Plant
  • Economy

ICRC demands full capacity operation of 700MW Zungeru Hydropower Plant

  • October 10, 2026
  • 0

The Director General of the ICRC, Dr. Jobson Oseodion Ewalefoh, made this known when he convened a stakeholders’ meeting, according to a statement shared with […]

FMDQ CEO pushes hedging products as next stage of FX development
  • Economy

FMDQ CEO pushes hedging products as next stage of FX development

  • October 10, 2026
  • 0

The Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe, has urged Nigerian regulators and market infrastructure institutions to develop deeper hedging markets […]

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