The naira on Friday strengthened to close at ₦1,363.5 per dollar at the official foreign exchange market. The development followed a sharp depreciation at the start of the week, according
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Nigeria’s aggregate Value Added Tax (VAT) revenue stood at ₦2.28 trillion in Q3 2025, according to the National Bureau of Statistics (NBS). In its latest report released on Tuesday, the
The foreign exchange (FX) market witnessed increased demand during Thursday’s trading session, driven by risk-off sentiment among Foreign Portfolio Investors (FPIs). The heightened demand tilted the market toward the bid
The Chairman of the Dangote Group, Aliko Dangote, has predicted that the naira will strengthen to ₦1,000 to $1 before the end of the year. Dangote made this statement on
Nigeria’s headline inflation eased slightly to 15.10 per cent in January 2026, down from 15.15 per cent in December 2025, the National Bureau of Statistics (NBS) said on Monday. At
Headline inflation eased for a fourth straight month in July to 21.88% from 22.22% in June following an update to the CPI basket and base year. However, food inflation ticked
The federal government has approved the refinancing of approximately ₦4 trillion in power-sector debts owed to 27 generation companies for unpaid invoices dating from 2015 to 2023. According to Finance
The Central Bank of Nigeria left the Monetary Policy Rate unchanged at 27.5%, citing the need to consolidate disinflation and guard against emerging risks. Governor Olayemi Cardoso reiterated a medium‑term
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