Posted inFinance
Naira Slips in Official Market as US Dollar Strengthens
Official Market Movements The Nigerian naira weakened slightly against the US dollar during the first trading session of the week, while the dollar showed resilience…
Posted inFinance
Nigerian Stock Market Gains N1.78tn In Strong Week Opening
The Nigerian Exchange (NGX) kicked off the new week on a bullish note as the equity market added N1.78 trillion to its market capitalisation by…
Posted inFinance
Nigeria’s private sector hiring hits 21‑month high as PMI climbs to 54 in July
Nigeria’s private sector is seeing renewed strength as employment levels hit their highest in nearly two years. According to the latest Purchasing Managers’ Index compiled…
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Petrol price jumps to N1037 per litre in June 2025 – NBS
The National Bureau of Statistics NBS has reported that the average retail price of premium motor spirit PMS rose sharply from N750.17 in June 2024…
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Nigeria’s Pension Fund Assets Reach N24.63 Trillion In June 2025, Driven By Equities And Government Securities
STEADY GROWTH IN PENSION ASSETSNigeria’s pension fund industry maintained its growth path in June 2025, as total assets under management climbed to N24.63 trillion. This…
Posted inFinance
Naira Strengthens In Parallel Market, Closes Week At N1,520 Per Dollar
The Naira ended the week on a stronger note in the parallel market, closing at N1,520/$1, its best performance of the week and ₦14 stronger…
Posted inFinance
Real Estate Tops Nigeria’s Economy As Q1 2025 Figures Reveal Largest Sectors
Strong rebound in key sectorsNigeria’s Gross Domestic Product rose to ₦94.05 trillion in Q1 2025, an 18.30% year‑on‑year growth from Q1 2024, according to the…
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Naira weakens further as CBN retains interest rate at 27.50%
The Nigerian naira continued its slide against the US dollar on Tuesday at the official foreign exchange market after the Central Bank of Nigeria (CBN)…
Posted inFinance National News
Nigeria Now Spends Less Than Half Its Revenue on Debt – Oyedele
Nigeria has cut down the amount of money it uses to service debts, spending less than 50% of its revenue on debt servicing, according to…
Posted inFinance
Trump’s “Big Beautiful Bill” Stirs Global Tensions as U.S. Senator Pushes for 15% Remittance Tax
Washington D.C., USA – June 10, 2025 – A new chapter in U.S. immigration and financial policy has sparked global controversy as a Republican senator…
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Nvidia Reclaims Global Tech Crown as World’s Most Valuable Company Amid $1 Trillion AI Rally
In a remarkable shift in the global technology hierarchy, Nvidia Corporation has once again claimed the title of the world’s most valuable publicly traded company,…
Posted inFinance
AfDB President Adesina Bows Out After Growing Bank’s Capital by $225 Billion
Dr. Akinwumi Adesina, the outgoing President of the African Development Bank (AfDB), is stepping down after ten transformative years that saw the Bank’s capital base…
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Nigeria Customs Service Achieves Record ₦1.3 Trillion Revenue in Q1 2025
The Nigeria Customs Service (NCS) has recorded a historic revenue milestone, generating ₦1.3 trillion in the first quarter of 2025—more than double the ₦600 billion…
Posted inTechnology Finance
Google Introduces AI-Powered Shopping in AI Mode: A Game-Changer for E-Commerce
Google has unveiled its latest innovation in online shopping—AI Mode, a transformative upgrade to search that brings interactive and personalized shopping experiences to users. Announced…
Posted inNational News Finance
EXPOSED: Lawmakers Smuggle N6.93 Trillion in Dubious Projects into Nigeria’s 2025 Budget
A staggering N6.93 trillion worth of 11,122 questionable projects have been secretly inserted into Nigeria’s 2025 Federal Government Budget by the National Assembly, raising alarms…
Posted inFinance
Nigeria Secures €100 Million from French Treasury to Boost Creative Infrastructure
Nigeria has secured a €100 million concessionary loan from the French Treasury to develop creative infrastructure across the country—significantly enhancing its vibrant and fast-growing creative…
Posted inFinance
Coinbase Stock Falls Following Cyberattack and SEC Investigation
Coinbase, the top U.S.-based crypto exchange, is under pressure following a cyberattack that compromised sensitive customer data. The breach, reportedly carried out with the help…
Posted inFinance
Nigeria’s Economic Growth: Fact-Checking Government Claims
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Executive Summary: The Nigerian government recently claimed that Nigeria is the world's 4th fastest-growing economy. However, verified data from the International Monetary Fund (IMF), shows…
