Category: Banking & Finance
The naira weakened at the official foreign exchange market last week, closing at N1,381.70 to the US dollar — even as Nigeria’s external buffers strengthened to multi-year highs. Foreign reserves climbed to $51.74 billion, the strongest level in years, giving the Central Bank of Nigeria considerably more firepower to smooth volatility in the FX market […]
S&P Dow Jones Indices has placed Nigeria on its 2027 Country Classification Watchlist for a potential upgrade from Standalone Market to Frontier Market status — a formal signal that the country’s capital market reforms are registering with one of the world’s leading index providers. In its assessment, S&P DJI noted that Nigeria’s regulatory environment has […]
The Central Bank of Nigeria ramped up its Open Market Operations dramatically in the first half of 2026, selling N18.79 trillion worth of OMO bills — a 313 per cent jump from the N8.79 trillion recorded over the same period in 2025. Repayments grew even faster. OMO maturities flowing back into the system reached N34.49 […]
The rising cost of living kept pressure on Nigerians through June, forcing both households and businesses to spend more on everyday needs, according to the Central Bank of Nigeria’s latest Inflation Expectations Survey. The survey — which tracks how firms and families perceive and anticipate price changes — found spending on essentials continuing to climb […]
Cryptocurrency expert Sunusi Danjuma Ali has urged young Nigerians to build a solid understanding of blockchain technology and risk management before putting money into digital assets. Speaking in Abuja, Ali laid out strategies for safer participation in the crypto market — with education as the non-negotiable first step. The advice lands in one of the […]
The Nigerian equities market snapped back into positive territory as overall market capitalisation rose by N719 billion in a single session. The rebound extends what has been a remarkable run for Nigerian stocks, which Bloomberg recently ranked among the world’s best performing. Momentum has been supported by the reform story around the capital market — […]