- Economy
Foreign reserves cross $50bn as Naira appreciates by N27.03/dollar WoW
Nigeria’s foreign reserves continued its upward trajectory during the week, crossing the $50 billion threshold, according to figures published on the website of the Central Bank of Nigeria (CBN). The reserves rose to $50.45 billion, representing a 0.24 percent increase compared with the $49.90 billion recorded in the previous week, The rising reserve level has strengthened the country’s foreign exchange…
Read More » - Economy
Middle East unrest: NESG projects N30.2trn oil windfall for Nigeria
The Nigerian Economic Summit Group (NESG) has projected that escalating geopolitical tensions in the Middle East could deliver a massive oil revenue windfall to Nigeria, potentially reaching as high as N30.2 trillion if the conflict between Iran and Israel becomes prolonged. This was disclosed in a report titled “Boom Not Gloom: Nigeria’s Optimal Policy Response to the US/Israel-Iran War,” released…
Read More » - Economy
CBN sets N20,000 limit on newly activated banking apps for first 24 hours
The Central Bank of Nigeria (CBN) has released updated guidelines for mobile financial services, limiting the amount customers can transfer in the first 24 hours of activating a new banking app. The measure is part of the central bank’s broader effort to enhance security and prevent fraud in instant payment operations. “For new accounts, transaction limits (inflow and outflow) shall…
Read More » - Politics
Tinubu, Ambode best bet for Nigeria, Lagos, says Support Group
The Tinubu/Ambode Patriots have reiterated that the re-election of Bola Ahmed Tinubu and the return of former Lagos State governor Akinwunmi Ambode to the Lagos State Government House remain the best options for Nigeria and Lagos State, respectively.The position was announced by the group’s Coordinator, Mr Dare Dada, during a recent support group meeting in Ikeja, Lagos. According to Dada,…
Read More » - Business
UBA business series showcases ‘Gen.W: The evolved woman’, celebrating female leadership, enterprise
United Bank for Africa (UBA) Plc, on Thursday, hosted a captivating edition of its quarterly Business Series, bringing together accomplished female leaders and entrepreneurs to discuss the theme “Gen.W: The Evolved Woman.” The hybrid session which was held at the UBA House in Marina Lagos and also transmitted live to participants across the globe, is part of activities to mark…
Read More » - Perspectives
2027 Elections: Tinubu on every lips! by Kola Amzat
As the nation inches closer to 2027 general elections, a political phenomenon is reverberating all across the length and breadth of the country. It’s unprecedented in the annals of political evolution in Nigeria. It’s unusual! It’s simply unfathomable! A name has become constant, a recurring decimal and imperially dominant in every household, corporate sphere, 774 LGAs across the country, 36…
Read More » - Economy
Turkish Airlines mulls suspension of Nigerian flights after union’s picketing
Turkish Airlines on Wednesday said it may consider cancellation of its flights in Nigeria following picketing by aviation workers at the nation’s major international airports. Members of the National Union of Air Transport Employees (NUATE) had staged protest actions at the international terminals of the airports in Lagos and Abuja, disrupting the airline’s operations and preventing normal passenger processing. The…
Read More » - Economy
Middle East unrest: Petrol price adjustments by Dangote refinery reflects prevailing market conditions, says Wale Edun
The minister of finance, Wale Edun has expressed that the current price adjustments by private sector operators, particularly Dangote refinery, reflect prevailing market conditions. Dangote refinery reduced its ex-gantry petrol price to N1,075 per litre after implementing three earlier increases, although pump prices remain high. Edun said the resilience currently seen in the Nigerian economy is largely due to private…
Read More » - Economy
Rights issue: VFD Group to refund shareholders N1.83bn surplus subscriptions
VFD Group Plc will refund about N1.83 billion in surplus funds to shareholders who participated in its recently concluded N50.6 billion rights issue. The development follows excess payments made by eleven (11) shareholders during the subscription process. This was disclosed in the allotment document obtained by Nairametrics on Wednesday, March 11, 2026. The document also confirmed that the company has…
Read More » - Business
NGX Group, IFC, others convene leaders to advance gender equality
Nigerian Exchange Group Plc (NGX Group), in collaboration with Central Securities Clearing System Plc (CSCS) and Women in Management, Business and Public Service (WIMBIZ), convened leaders from across the public and private sectors to commemorate International Women’s Day 2026 through the global Ring the Bell for Gender Equality initiative. Aligned with the UN Women theme “Rights, Justice, Action – For…
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