Economy & Market
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375We’re Not Propping Up Naira –CBN
The Central Bank of Nigeria (CBN) has dismissed suggestions that it is heavily intervening in the foreign exchange (FX) market to support...
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378SEC Fixes June 1 for T+1 Settlement Cycle Transition
The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions in the Nigerian...
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335FGN Bond Subscriptions Drop 45% Despite Higher Yields
Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields...
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421Stocks Drop as Higher Bond Yields Weigh, Oil Falls
Technology stocks led losses in Asian equity markets as higher bond yields around the world put a question mark on valuations after...
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382AfDB Approves $200m Lifeline for BOI to Power SMEs, Jobs, Green Growth
The African Development Bank Group has approved a $200 million financing facility for the Bank of Industry (BOI), in a major push...
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358Food Inflation Spikes Above 20% in 11 States
Food inflation remained above 20 per cent in 11 states in April 2026, even as national food inflation surpassed headline inflation for...
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342S&P Paises Nigeria’s Credit Rating on Stronger Economy
Nigeria today secured a major boost in global investor confidence as S&P Global Ratings upgraded the country’s sovereign credit rating to ‘B’...
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259CBN Unveils New Forex Manual to Boost Market Liquidity
The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange Manual, with the revised framework scheduled to...
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304Inflation Risks Remain Tilted to the Upside
According to the National Bureau of Statistics (NBS), the headline inflation rose for the second month in a row, increasing by 31bps...
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285Inflation Rises for the Second Consecutive Month to 15.69%
Nigeria’s headline inflation rose by 31bps to 15.69% y/y in April (March: 15.38% y/y). On the other hand, on a month-on-month basis,...
