Economy

Nigeria Risks Becoming a Market for Imports, NSDC Warns

Nigeria could lose its competitive position in Africa’s emerging single market unless authorities address the structural challenges driving up production…

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FCMB Group Profit Jumps 90% to N139.86 Billion in H1 2026 as Interest Income Surges

FCMB Group Plc reported a 90.5 percent increase in profit after tax to N139.86 billion for the six months ended…

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Black Market Dollar to Naira Exchange Rate for Today, Monday, July 27, 2026

The Dollar to Naira exchange rate in the Nigerian black market, also known as the parallel market, recorded a slight…

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FCMB Group Board Approves Q2 2026 Financial Statements, Long-Term Incentive Plan

FCMB Group Plc has announced that its Board of Directors has approved the Group’s unaudited financial statements for the quarter…

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CBN Targets Single-Digit Inflation as Cardoso Briefs Senate on Economy

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to reducing inflation to single digits over the medium term…

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Zenith Bank Named Africa’s Best Bank, Retains Nigeria Title at Euromoney Awards

Zenith Bank Plc has been named Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence,…

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Why CBN Refused to Cut Interest Rate Despite Lower Inflation

Despite easing headline inflation, the Central Bank of Nigeria (CBN) held its benchmark interest rate at 26.5 percent as rising…

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CBN Says Recapitalisation Has Strengthened Nigerian Banks

The Central Bank of Nigeria (CBN) has said the recently concluded banking-sector recapitalisation exercise has improved the resilience of Nigerian…

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Nigeria Settles ₦63.5 Billion Power Bond Coupon, Pays GenCos ₦333 Billion

The Federal Government has paid approximately ₦333.12 billion to eight electricity generation companies under its programme to resolve accumulated financial…

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Afreximbank Backs Nigerian-Owned Shoreline With $200 Million for Algeria Oil Project

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20…

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