ECONOMY

The Nigerian naira and the Zambian kwacha could post further gains in the near term, supported by policy reforms, improving foreign exchange liquidity and easing external pressures, market analysts said....

The naira closed January at ₦1,386 to the US dollar at the official foreign exchange market, reflecting continued efforts by monetary authorities to stabilize the local currency amid lingering pressure...

A disturbing humanitarian crisis is unfolding across major UK cities as reports emerge of undocumented Nigerian migrants and failed asylum seekers resorting to sleeping in commercial waste bins and industrial...

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that the country is officially transitioning from a period of "painful but necessary" structural reforms into...

In a startling revelation that highlights the deep structural inequities in Nigeria’s fiscal system, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has disclosed that...

A wave of dollar demand swept through African foreign exchange markets today, Thursday, 8 January 2026, leaving several major regional currencies under significant pressure. As businesses across the continent resume...

The Central Bank of Nigeria (CBN) has announced that Nigeria recorded an overall Balance of Payments (BOP) surplus of $4.60 billion in the third quarter (Q3) of 2025. The report,...

President Bola Ahmed Tinubu has authorized the cancellation of approximately $1.42 billion and ₦5.57 trillion in outstanding debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the...

In a renewed push to position Nigeria as a premier destination for long-term capital, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has taken Nigeria’s "reform story" directly to global...

The Federal Executive Council (FEC) has officially approved a ₦58.47 trillion draft budget for the 2026 fiscal year. The decision was reached during an emergency meeting held today, Friday, December...