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Naira Strengthens as Foreign Inflows Boost Confidence Across FX and Equities Markets

Nigeria, Oct. 13 -- Encouraged by consistent foreign flows that increased investor confidence and liquidity, the naira kept its gains last week throughout official and parallel foreign exchange market... Read More


Oil Markets Rebound as U.S.-China Tensions Ease, Nigeria's Crude Holds Steady at $67

Nigeria, Oct. 13 -- Encouraged by calming U.S.-China tensions that sparked hope throughout world energy markets, Nigeria's crude oil prices stabilized at about $67 per barrel this week. As Brent fini... Read More


Dangote's Wealth Rises by 497 Million as Cement and Salt Stocks Lift NGX

Nigeria, Oct. 13 -- Last week, as his listed businesses fueled gains on the Nigerian Exchange (NGX), Africa's richest man, Aliko Dangote, added nearly half a billion dollars to his net worth. Driven ... Read More


Marcus Rashford's £15 Million Mansion Turns Into Costly Headache

Nigeria, Oct. 13 -- Manchester United forward, now on loan at Barcelona, purchased the property in 2020 for £2.25 million, but five years later the project is unfinished amid construction delays,... Read More


Pepe Says Ronaldo Can Keep Playing for Years as 40-Year-Old Star Defies Age

Nigeria, Oct. 13 -- Cristiano Ronaldo's football story is still unfolding at 40, with former Real Madrid teammate Pepe insisting the Portuguese legend could play "for many more years." Ronaldo remain... Read More


Harry Kane Targets Ballon d'Or Glory as His Red-Hot Bayern Munich Form Continues Sports

Nigeria, Oct. 7 -- The former Tottenham legend, who has solidified his place among the best strikers in the world, started the 2025-26 season with a bang; the 32-year-old striker has enthralled both c... Read More


CBN Enforces Stricter PoS Rules with N5 Million Minimum Fine for Non-Compliance

Nigeria, Oct. 7 -- The Central Bank of Nigeria (CBN) has increased oversight of agent banking, requiring geo-tagging of all Point of Sale (PoS) terminals across the country. Under the new guidelines,... Read More


Nigeria Moves to Secure $2 Billion Chinese Loan for Nationwide Power Grid Expansion

Nigeria, Oct. 7 -- Nigeria is in serious talks with China's Export-Import Bank for a $2 billion loan meant to build a new super grid transforming Nigeria's electricity infrastructure. The project, fo... Read More


Nigeria's Shea Nut Market Surges as Export Ban Boosts Local Processing and Prices

Nigeria, Oct. 7 -- The shea nut industry of Nigeria is rebounding sharply following an early downturn caused by the Federal Government's action to prohibit the export of raw shea nuts. With local pro... Read More


CBN Moves to Clean Up PoS Sector, Bars Debtors and Blacklisted BVNs from Operating

Nigeria, Oct. 7 -- With its freshly updated Central Bank of Nigeria (CBN), the Central Bank has boldly tightened supervision on the Point of Sale (PoS) ecosystem. Instructions for the operation of ag... Read More