The United Nations Development Programme and the European Union have advised the Nigerian federal government to maintain economic reforms and boost data transparency. They emphasized that these actions are crucial for improving the country's sovereign credit rating and lowering borrowing costs.
The Central Bank of Nigeria aims to increase monthly diaspora remittance inflows to one billion dollars by the end of 2026. This target is supported by ongoing foreign exchange reforms designed to boost liquidity and streamline remittance channels into the country.
The Central Bank of Nigeria has launched a digital monitoring system designed to track foreign exchange transactions by Bureau De Change operators. The initiative aims to enhance regulatory oversight and tighten control over foreign currency operations within the country's financial system.
First HoldCo Plc shares reached an all-time high of N87.25 during trading on the Nigerian Exchange on Thursday. This price appreciation pushed the financial services group's market capitalization above N3.8 trillion for the first time.
The Central Bank of Nigeria has introduced a real-time transaction-tracking platform for Bureau De Change operators to strengthen market oversight. The new framework mandates the resale of unused foreign exchange within twenty-four hours to enhance liquidity and transparency in the foreign exchange market.
The Central Bank of Nigeria has introduced the FXBT portal, a centralized transaction-tracking platform designed to monitor foreign exchange purchases by Bureau De Change operators in real time. The initiative aims to enhance oversight and transparency within the nation's foreign exchange market.
Nigeria's headline inflation rate marginally declined to 15.91% in June 2026 from 15.93% in May, according to the National Bureau of Statistics. This represents a significant decrease compared to the 25.29% inflation rate recorded in June 2025.
Airtel Africa Plc has witnessed the market value of its 3.758 billion outstanding shares on the Nigerian Exchange (NGX) climb above N21.8 trillion, making it the most valuable listed company on the local bourse...https://t.co/cs1Y7QocMc https://t.co/JG9VezJ9UV
Aradel Holdings Plc received two major honours at the 2026 NOG Energy Awards during the 25th NOG Energy Week Conference & Exhibition. The integrated energy company was presented with the Energy Excellence Award, while its managing director also received individual recognition.
The Federal Government of Nigeria, in partnership with the United Nations Development Programme, has launched an initiative to improve the country's sovereign credit ratings. This collaborative effort aims to reduce national borrowing costs and attract increased foreign and domestic investment to the economy.