Naira Appreciates in Black Market, Slides at Official Window on Oct 3 The naira strengthened against the US dollar on Friday, October 3, appreciating in the parallel market while recording a modest decline at the Nigerian Foreign Exchange Market (NAFEM). Currency...

PENGASSAN vs Dangote: A Standoff With Nigeria’s Future at Stake By Rabi Ummi Umar Dangote’s refinery rollout changed the energy story of Nigeria and Africa, ushering in a new era of stability and hope. Fuel queues, once a nightmare on...

NGX Investors Gain N1.8trn in September Amid CBN’s reforms Investors in the stock market earned N1.811 trillion in September 2025 amid the ongoing Central Bank of Nigeria, CBN’s monetary reforms, which have led to increased investors’ confidence in the market. Analysts...

Nigeria’s Tax-to-GDP Ratio Rises to 13.5% - Tinubu President Bola Ahmed Tinubu has announced that Nigeria’s tax-to-GDP ratio has climbed to 13.5 per cent, up from less than 10 per cent in previous years. The President, in his nationwide broadcast to...

Bank Customers Lose ₦250bn Annually to Cybercrime The National Bureau of Statistics (NBS) has revealed that Nigeria recorded 25.35 million cases of stolen phones between May 2023 and April 2024, making it the country’s most prevalent crime with fewer than...

Nigeria, Morocco Launch $25bn Gas Project Company The ambitious Nigeria-Morocco Gas Pipeline project, estimated to cost $25bn, is advancing rapidly with the creation of a dedicated project company and the expansion of its international financial backing. The pipeline, set to stretch...