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Naira Slides as Reserves Dip and BDC Recapitalization Deadline Nears

Nigeria, May 27 -- On Monday, the Nigerian naira opened the week on a sour note in the official foreign exchange market with an opening rate sliding to as low as N1,583 per United States dollar. Centr... Read More


Elon Musk's Fortunes Soar as Political Ties Spur Business Expansion

Nigeria, May 26 -- Elon Musk's business world is expanding at a record rate, even amid the recent turbulence in Tesla stock, which rocked headlines. Forbes's tally indicates that his fortune rose to ... Read More


Cocoa Prices Signal Trouble and Opportunity for Nigeria and West Africa's Economy

Nigeria, May 26 -- Global cocoa markets will experience unprecedented rebalancing in 2025, as cocoa prices remain at a record high while the world is in turmoil due to geopolitical and economic tensio... Read More


Bitcoin Breaks Records, Surpasses $109K as Global Investors Chase Risk Again

Nigeria, May 22 -- Bitcoin reached an all-time record high, buying above $109,000 for the first time, as investors' risk appetites grew again and drove an overall rally in crypto markets. On Wednesda... Read More


Global Expansion: Dangote Signs Exclusivity Agreement with Vinmar to Ship Polypropylene to World Market

Nigeria, May 22 -- Dangote Petroleum Refinery and Petrochemicals also signed a record-breaking distribution agreement with global chemical distributor Vinmar Company, Premier Product Marketing LLC. T... Read More


Naira Gains Third Consecutive Day as Confidence Increases and Reserves Improve

Nigeria, May 22 -- The Nigerian currency maintained its three-consecutive-day appreciation, with the naira appreciating N1,583 per dollar on Wednesday at the official foreign exchange market. Narrow ... Read More


Build Confidence First Before Needing Votes - Prof. Jideofor Adibe on Nigeria's Democracy and Shadow Government Debate

Nigeria, May 21 -- The most recent Politics, People & Power issue featured a very enlightening debate between Nigeria's most politically charged issues: the so-called compulsory voting bill and the so... Read More


MPC Holds Interest Rate Steady as Nigeria Drives Currency Stability with Fiscal Reforms

Nigeria, May 21 -- The Central Bank of Nigeria's Monetary Policy Committee kept the benchmark interest rate unchanged at 27.5 percent in its record 300th meeting. This comes following additional effo... Read More


Naira Finds Strength as Stability is Reached and Reserves Mount

Nigeria, May 21 -- The Nigerian naira has been slowly rising in recent times, modestly rising to 1,625 against the dollar in the parallel market from yesterday's previous rate of 1,627. Officially, t... Read More


UBA Dazzles in DBN Awards for Excellence in MSME Support and Women Empowerment

Nigeria, May 20 -- United Bank for Africa (UBA) Plc was once more a shining beacon of economic inclusion as it led at the 2025 Development Bank of Nigeria (DBN) Service Ambassador Awards ceremony in L... Read More