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CBN Policies Already Yielding Positive Results in Forex, Inflation – Cardoso

Central Bank of Nigeria, CBN, has assured Nigerians of its commitments to ensure that the policies and reforms put up brings about the much needed price and monetary stability in the country.... Read more »
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CBN Cuts Interest Rate to 27% as Inflation Eases

The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% in July to 27%. The decision was reached at the 302nd... Read more »
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DStv, GOtv Get New Owners as Canal+ Finalises MultiChoice Takeover

French media company, Canal+, has completed its acquisition of South African pay-television operator, MultiChoice Group Limited, securing a 48.2 per cent stake in the company, according to a joint announcement released on... Read more »
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CBN Data Shows Naira Rally, Gains ₦4 Against Dollar in Fresh Forex Trading

The Naira has recorded a major boost against the US dollar, dropping below N1,500 at the official foreign exchange market for the first time since February 2025. Fresh data from the Central... Read more »
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Enugu Students Get ₦2m Entrepreneurship Boost from Nze Ventures Home Ltd

Popular Real Estate firm, Nze Ventures Home Ltd, has gifted a sum of ₦2 million to students in the state in support of their entrepreneurship skills development and learning. Nze Ventures Home... Read more »
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APC Hails Chinese Firms’ Decision to Accept Naira, Credits Tinubu’s Economic Policies

Following Chinese businesses’ recent decision to accept Naira over dollars in transactions with Nigerian investors, as commonly practised due to the Naira to Dollar instability, the Lagos State Chapter of the All... Read more »
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CBN Reforms Push Monthly Diaspora Remittances from $200m to $600m

The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to $600m monthly in the past two months, according to figures from the Central Bank of... Read more »
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Nigeria’s FX Reserves Hit $41bn, Highest Since December 2021

Nigeria’s foreign exchange reserves climbed to $41.00 billion as of August 19, 2025, reaching the highest level in 44 months, according to the Central Bank of Nigeria (CBN). The reserves have gained... Read more »
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Nigeria’s External Reserves Hit $40.15bn, Highest in Eight Months

Nigeria’s external reserves have climbed to an eight-month high of $40.15 billion, according to Central Bank of Nigeria (CBN) data, marking a 1.5% increase from $39.54 billion on August 1, 2025. The... Read more »
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Naira Narrows Gap Between Official and Parallel Markets, Trades at N1,535/$1

The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets. On Friday, the currency traded at N1,535 to the dollar in the parallel... Read more »
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Afreximbank Partners with D’banj’s C.R.E.A.M Platform to Boost Creative Industry

The African Export-Import Bank has sealed a partnership deal with the Creative, Reality, Entertainment, Arts and Music (C.R.E.A.M) Platform, a network of cultural and creative enterprises owned by popular Nigerian musician, Dapo... Read more »
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Naira Estates Limited Launched Another Estate In Awka Anambra State

Naira Estates Limited Launched Another Estate In Awka Anambra State. As part of its expansion plan, Naira Estates Limited launched an estate in Awka, capital of Anambra State. The estate which was... Read more »
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SUNU Insurance Declares 10kobo Per Share Dividend, Shareholders Give Nod

Shareholders of SUNU Assurances Nigeria Plc, a member of SUNU Group, at its 38th Annual General Meeting (AGM), approved key resolutions, including the payment of a dividend for the 2024 financial year.... Read more »
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Nigeria’s Inflation Eases to 22.97% as Food, Utility Costs Stabilize

Nigeria’s inflation rate has dropped to 22.97% in May 2025, down from 23.71% in April, according to the National Bureau of Statistics (NBS). This marks the second consecutive month of decline, signaling... Read more »
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Oil Prices Surge as Israel Bombs Iran Nuclear Sites in Preemptive Strike

Israel has launched a series of coordinated airstrikes on Iran, targeting nuclear facilities in what it describes as a decisive move to prevent the Islamic Republic from becoming a nuclear power. The... Read more »
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Investors Gain N181 Billion as NGX ASI Posts 0.26% Gain

Equities trading at the Nigerian Exchange Limited (NGX) opened the week with a moderate rebound, as the All-Share Index (ASI) rose by 0.26 per cent to close at 112,029.35 basis points, driven... Read more »
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NECA Prepares for 4th Nigeria Employers’ Summit

The Nigeria Employers’ Consultative Association (NECA), the focal voice of business in Nigeria, is set to hold the 4th edition of the Nigeria Employers’ Summit between Wednesday, June 25 and Thursday, June... Read more »
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Dangote Says Refinery Reduced Petrol Price to N820 per Litre

The President of the Dangote Group, Aliko Dangote, has revealed that most Nigerians are unaware that they currently pay 55 per cent of what other West African countries pay for Premium Motor... Read more »
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SEC Flags Silverkuun as High-Risk Investment, Advises Public

The Securities and Exchange Commission  (SEC) has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, yesterday, the commission said... Read more »
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Top Nigerian Banks Post N4.1trn Profit, 46.4% Growth Despite Economic Pressures

Despite an increasingly challenging economic climate, Nigeria’s five leading banks, First Holdco Plc, United Bank for Africa (UBA) Plc, Guaranty Trust Holding Company (GTCO) Plc, Access Holdings Plc, and Zenith Bank Plc,... Read more »