Naira strengthens to N1,366.23 against dollar at week’s close
The naira strengthened throughout the week, closing at N1,366.23 against the dollar amid signs of improving stability in Nigeria’s official […]
Business and Economy
Nigeria’s monthly remittances reach $600m as G-24 advocates digital payment reforms
Nigeria’s remittance inflows have risen to about $600 million monthly as the G-24 pushes digital cross-border payment reforms to cut costs, boost trade, and improve financial inclusion while managing monetary risks.
Naira improves to N1,347/$1 at NAFEX…
The naira strengthened to N1,347/$1 at NAFEX, buoyed by improved FX supply, rising reserves and a decline in January inflation to 15.10 per cent.
Nigeria’s inflation falls to 15.1% in January — NBS
Nigeria’s inflation rate eased to 15.10 percent in January 2026, driven largely by falling food prices after the CPI rebasing, the National Bureau of Statistics reported.
Chinese e-commerce giants Temu and Shein tighten grip on Africa as Jumia exits another African market
Jumia is exiting Algeria to focus on profitability as Chinese rivals Temu and Shein expand aggressively across Africa’s e-commerce market.
Senate applauds FG’s national halal economy strategy, targets $7.7tn market
The Senate has praised the Federal Government’s National Halal Economy Strategy, pledging full legislative support to position Nigeria as a competitive player in the $7.7tn global halal market.
Nigeria crypto market losing grounds to Vietnam, Brazil—ex SiBAN President
Former SiBAN president Obinna Iwuno says Nigeria is losing global crypto relevance due to weak institutional participation and prolonged regulatory uncertainty.
Naira opens February at N1,384.5/$, strengthens against dollar
The naira appreciated against the United States dollar on the first trading day of February 2026, closing at N1,384.5/$ at
South Africa cuts power to Nigerian high commission over unpaid bills
South Africa’s City of Tshwane briefly cut electricity to Nigeria’s High Commission in Pretoria over unpaid utility bills before agreeing to restore supply after settlement.
First Abu Dhabi Bank to open Lagos office in Africa expansion drive
First Abu Dhabi Bank plans to open a Lagos representative office to anchor its expansion into Nigeria and the wider