Naira Weakens by 19 Kobo Against Dollar at Official Market   The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market, trading at N1,533.74. Data released on the official website of the Central Bank of...

US Hits Nigeria with 15% Import Tariff in Revised Trade Policy Nigeria and a raft of African countries have been hit with a 15 percent import tariff following a sweeping executive order from United States President Donald Trump. The White House announced the modified reciprocal tariff...

CBN's Agric Funding Initiative Falls Short of Farmer's Expectations   The National President of the All Farmers Association of Nigeria (AFAN) Kabir Kebram, has described the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP) as a failed intervention. Speaking on the controversial agricultural financing scheme, Kebram...

Naira Ends July with 0.25% Loss   The naira closed out July 2025 at N1,533.55/$ at the official market, the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed on Thursday. This is about 0.25 per cent weaker than the 1,529.71/$ that it had...

FG Targets Additional 810,000bpd Crude from Deepwater Fields   The Federal Government has unveiled plans to unlock an additional 810,000 barrels of crude oil per day from Nigeria’s deepwater oil fields through a new cluster and nodal development initiative. The initiative, championed by the Nigerian Upstream Petroleum...

FG's FX Windfall Crashes by 73% to N589bn in Six Months   Revenue from foreign exchange rate gains crashed by 73 per cent in the first half of 2025, falling to N589.45bn from N2.199tn recorded in the same period of 2024, signalling a major shift in...