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Business45 seconds ago

Manufacturers Urge CBN to Cut Interest Rates as Financing Costs Weigh on Industry

Nigeria’s manufacturers have called on the Central Bank of Nigeria (CBN) to ease monetary policy, arguing that elevated borrowing costs...

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Economy18 minutes ago

Trade Surplus Expands to $3.46 Billion as Oil Imports Decline

Nigeria recorded a stronger trade surplus in April 2026 as lower import spending, particularly on petroleum products, outweighed modest growth...

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Naira60 minutes ago

Black Market Dollar to Naira Exchange Rate for Today, Tuesday, August 11, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained relatively stable on...

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Energy1 day ago

Power Sector Debt Crisis Triggers First Corporate Bond Default in Seven Years

A seven-year streak without a corporate bond default has come to an end as financial stress in Nigeria’s electricity sector...

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Business1 day ago

Dangote Eyes Fresh Tanzania Expansion as Government Pursues New Investments

Dangote Industries Limited could significantly expand its presence in Tanzania as the East African nation intensifies efforts to attract new...

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Treasury Bills1 day ago

CBN Withdraws N700 Billion T-Bills Auction After Mopping Up N4.69 Trillion

The Central Bank of Nigeria (CBN) has called off a planned N700 billion Treasury bills auction after withdrawing N4.69 trillion...

Economy1 day ago

NRS Says Tax Revenue Climbed 113% to N27.1 Trillion on Digital Reforms

Sweeping tax reforms and the digitisation of revenue collection helped Nigeria’s tax receipts climb to N27.1 trillion by July 2026,...

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Economy1 day ago

Nigeria’s Oil Import Bill Soars to $4.86 Billion Despite Dangote Refinery

Despite a significant increase in domestic refining capacity, Nigeria spent $4.86 billion on petroleum imports in 2025 as demand for...

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Gold1 day ago

Gold Holds Firm Above $4,300 as Fed Rate Outlook and Geopolitical Risks Support Bullion

Gold prices remained near record levels on Monday as investors continued to favor the precious metal following weaker-than-expected U.S. economic...

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