The official NFEM rate showed the naira trading around ₦1,483 to the dollar on Thursday.

By Abigail Edeigba As the world shifts deeper into the artificial intelligence, AI economy, Deputy Governor of Lagos State, Obafemi Hamzat, has advised Nigerian businesses to embrace data as an asset and the new oil so as to take her position in the global landscape. He said unlike oil, data value grows, the more you refine […]

By Peter Egwuatu Investors in the stock market earned N1.811 trillion in September 2025 amid the ongoing Central Bank of Nigeria, CBN’s monetary reforms, which have led to increased investors’ confidence in the market. Analysts have emphasised that the recent reduction in the CBN’s Monetary Policy Rate, MPR, to 27%  from 27.5%, has further fueled investors’ […]

By Rosemary Iwunze The Commissioner for Insurance, Mr. Olusegun Omosehin has said that the Nigeria Insurance Industry Reform Act, NIIRA 2025, will foster economic growth. Omosehin stated this at the Insurance Meets Tech (IMT) 4.0 Conference in Lagos, themed “Innovating for the New Trybe.” The Commissioner, who was represented at the event by the Deputy Commissioner […]

By Obas Esiedesa, Abuja The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on Nigerians to take advantage of opportunities in the capital market to build personal and national financial independence as the country marked its 65th Independence Anniversary. Agama, in a goodwill message titled “Forging a New Legacy of […]

By Rosemary Iwunze Closed Pension Fund Administrators, CPFAs, are raising their investments in foreign securities at the backdrop of a sustained fluctuation in exchange rate. The CPFAs increased their investments in foreign money market instruments by 12.4 per cent, Month-on-Month, MoM, to N94.1 billion in August 2025 from N83.7 billion in July 2025. The report of the […]

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged Nigerians to leverage opportunities in the capital market to build both personal and national financial independence as the country marks its 65th Independence Anniversary.

Sterling Bank has once again redefined the boundaries of customer- first banking in Nigeria by scrapping Account Maintenance Fees (AMF) across all personal accounts.

By Elizabeth Adegbesan   Banks’ deposit with the Central Bank of Nigeria, CBN, grew by 568.7 percent, YoY,   to N146.13 trillion in the first nine months of the year (9m’25) from N21.85 trillion in the corresponding period of 2024 (9m’24), reflecting the enormity of idle cash (excess liquidity)   in the banking system. The CBN has two short term […]

At 65 many public affairs commentators believe Nigeria has come of age to show significant milestones in its match to development.

By Joseph Erunke, Abuja The federal government has called on Nigerians at home and abroad to rally behind ongoing reforms under President Bola Ahmed Tinubu’s administration, describing national unity and collective participation as critical to consolidating the country’s progress. Minister of Information and National Orientation, Mohammed Idris, made the appeal in Abuja, Monday,during a press conference […]

By Peter Egwuatu The value of transactions executed by foreign investors through the Nigerian stock market increased to N1.718 trillion in as at end August 2025, about 541% up from N262.85 billion in the same period in 2021. The domestic and foreign investment report released by the Nigerian Exchange Limited, NGX, shows that Foreign Portfolio Investment […]

By Mariam Eko Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s oil production rose to 1.8 million barrels per day, from 1 million, adding that the goal is to reach 2.5 million bdp, as American companies are already showing strong interest in investing in Nigerian oil blocks.   Speaking at the inaugural […]

By  Babajide Komolafe Nigeria has secured a major milestone in its digital trade transformation with the global registration of its Tax Identification Number (Tax-ID) and the approval of the Federal Inland Revenue Service (FIRS) as the country’s Peppol Authority. The achievement, made possible with the support of the Standards Organisation of Nigeria (SON), registers Nigeria’s Tax-ID under […]

By Peter Egwuatu  The Chief Executive Officer, Coronation Registrar Limited, Oluseyi Owoturo, has stressed the importance of technology in driving Africa ‘s capital market. In his interactions with the media in Lagos, he revealed   that in June 2025, the Securities and Exchange Commission (SEC) directed public companies and their registrars to comply with the Finance Act […]