The Central Bank of Nigeria (CBN), in partnership with the Financial Markets Dealers Association (FMDA), has unveiled the Nigerian Overnight Financing Rate (NOFR) as the country’s new money market benchmark.

Higher Oil Prices Could Ground African Airlines, Raise Food Prices - Dangote Aliko Dangote, Africa’s richest man, has warned that surging oil prices driven by tensions around the Strait of Hormuz could devastate airlines and worsen food inflation across the continent. Dangote spoke on Thursday during...

Renewed US-Iran Negotiations Push Oil Prices Higher Crude oil prices moved higher on Thursday, with WTI trading near $92 per barrel and Brent rising above $95, as markets rebounded from earlier weakness and tracked fresh developments around the US-Iran conflict. The recovery comes as traders...

Afreximbank Posts $1.15bn Profit as Assets Hit N56.7trn The African Export-Import Bank has reported a stellar financial performance for the 2025 fiscal year, characterised by significant bottom-line growth and a massive expansion of its balance sheet to support trade across the continent. The bank’s net profit...

Marketers Reject N3,300 Aviation Fuel Price Claim The Major Energies Marketers Association of Nigeria (MEMAN) has disputed claims that aviation fuel is selling for as high as N3,300 per litre, urging airline operators to seek alternative suppliers while attributing current price pressures to global supply...

NGX Market Cap Increases by N1.66trn The Nigerian equities market sustained its bullish momentum as investors continued to accumulate fundamentally strong stocks, pushing key performance indicators higher at the close of trading. The market capitalisation opened the session at N134.772tn and advanced to N136.435tn, reflecting...