The CBN sold $1.67 billion in foreign exchange during the first half of 2026, the lowest half-year total in 19 years. The report focuses on the reasons behind the decline in sales.
A N66-per-litre petrol discount from NNPC for commercial transport operators has done little to ease pressure on drivers’ earnings, as transport costs continue to squeeze them.
NNPC Ltd. is advancing plans for a potential initial public offering, while implementing governance reforms and working to address financial reporting gaps identified by its advisers ahead of a possible capital-market listing.
The Nigerian equities market returned to positive territory on Wednesday, October 14, 2026, adding N103.9 billion in investor wealth and bringing market capitalisation to N160.81 trillion. The rebound was attributed to gains in oil and banking stocks.
A BusinessDay article examines the tax implications for international banks in Nigeria of the 30 January 2026 judgment in Peter Oluwafemi Atoyebi, SAN v. Barclays Bank Plc. The case may inform how tax rules apply to international banking operations in Nigeria.
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