Economy

Nigeria’s Balance of Payments Surplus Rises 47% to $3.51 Billion

Nigeria’s balance of payments surplus increased by approximately 47 percent to $3.51 billion in the second quarter of 2026, strengthening…

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CBN Resets Interest Rate to 23%, Recalibrates Monetary Policy Corridor

The Central Bank of Nigeria (CBN) has reset the Monetary Policy Rate (MPR) to 23 percent as it moves to…

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Sovereign Trust Insurance Rebounds 9.95% After Monday’s 8.64% Selloff

Sovereign Trust Insurance Plc rebounded sharply on the Nigerian Exchange (NGX) on Tuesday, September 22, gaining 9.95 percent to recover…

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Fidelity, Zenith, Chams, Access, Sterling Account for 55% of NGX Trading Volume

Fidelity Bank Plc, Zenith Bank Plc, Chams Holding Company Plc, Access Holdings Plc and Sterling Financial Holdings Company Plc accounted…

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CBN OMO Sales Cut Banking Liquidity by N3.86tn to N2.03tn

Liquidity available across Nigeria’s banking system dropped by N3.86 trillion following fresh Open Market Operations by the Central Bank of…

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World Bank Commits $25m to Nigeria’s $300m Renewable Energy Investment Fund

The World Bank has committed an initial $25 million to Nigeria’s $300 million Distributed Renewable Energy Fund as the country…

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Zenith Bank Accounts for 26% of NGX Turnover With N9.9 Billion Trades

Zenith Bank Plc accounted for more than one-quarter of the total value of equities traded on the Nigerian Exchange (NGX)…

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CBN Faces Rate-Cut Decision as Inflation Falls to 15.39%, Reserves Top $54bn

The Central Bank of Nigeria (CBN) will confront one of its most consequential interest-rate decisions of the year this week…

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FG, CBN Deepen Coordination on Inflation, Borrowing and Foreign Exchange

The Federal Government and the Central Bank of Nigeria (CBN) have established a formal framework for coordinating major economic decisions…

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Fidelity, Sterling, Mutual Benefits Account for 38% of NGX Weekly Volume

Fidelity Bank Plc, Sterling Financial Holdings Company Plc and Mutual Benefits Assurance Plc accounted for nearly 38 percent of all…

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