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 […]
Category: Economy
Insurance firms roll out new products as recapitalisation fuels competition
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
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
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
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
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
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
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
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
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 […]