Nigerian Stock Market Reverses Gains, Loses N26bn   The Nigerian stock market experienced a downturn on Thursday, as bearish sentiment returned, resulting in a N26 billion loss for investors. Consequently, the market capitalization of the Nigerian Exchange (NGX) declined to N67.7 trillion. The All-Share Index also...

CBN Retains Interest Rate at 27.5%  The Central Bank of Nigeria (CBN) has maintained its current stance on interest rates, retaining the Monetary Policy Rate (MPR) at 27.5%. This decision was announced by CBN Governor, Olayemi Cardoso, after the apex bank's 299th Monetary Policy Committee (MPC)...

‎Naira Appreciates Again to ₦1,510/$ in Parallel Market Amid Instability  ‎The naira recorded a significant appreciation against the dollar on Wednesday in the parallel foreign exchange market. ‎A source at the Abuja Black Market told Economic Confidential that as of February 20, the naira was trading...

Road Crash: FG Bans 60,000 litres Tankers from March 1 The Federal Government has announced a ban on trucks carrying over 60,000 litres of hydrocarbon products from loading at depots and travelling on federal roads, effective from March 1, 2025. It also announced that from the...

FG to Move More Consumers to Band A as Power Generation Hits 5,543MW The Federal Government has revealed that it is interested in moving most electricity consumers in Nigeria to Band A where they will enjoy a minimum of 20 hours of electricity supply daily. It...

MPC: Nigeria's Money Supply Rises N94.61tn to N110.9tn in One Year Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in January 2024. Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025,...