Naira Mutual Funds Soar 140% Amid Shift Toward Local Currency Investments Naira-denominated mutual funds have recorded a sharp surge of about 140% over the past year, as investors increasingly pivot toward local currency assets in what analysts describe as a growing vote of confidence in...

‎The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of 1.4 billion barrels of oil.

Nigeria Set for Fastest Economic Growth in Over a Decade - World Bank ‎Nigeria’s economy is on track to achieve its fastest growth in more than ten years, according to the latest forecast from the World Bank. The institution announced that it has upgraded Nigeria’s...

The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers' Consultative Association (NECA) have warned that enforcing a ban on sachet alcohol.

Naira Falls Against Dollar Across Markets on Feb 2 The naira reversed recent gains against the U.S. dollar on Monday, February 2, across both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the naira traded at...