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CBN Pumps N9.7 Trillion Into Market as Naira Records April Recovery

Nigeria, May 26 -- The News Chronicle reports that the naira appreciated by N19.67 during the month, closing at an average exchange rate of N1,361.51/$, compared with N1,381.18/$ recorded in March. Th... Read More


World Cup Health Alert Grows as Fans Prepare for Tournament Rush

Nigeria, May 26 -- Millions of football fans are expected to travel among 16 host cities for the event set for June and July; however, The News Chronicle reports that health experts are closely monito... Read More


Private Sector Lending Drops by N14 Trillion Despite CBN Rate Cut

Nigeria, May 26 -- The News Chronicle reports that private sector credit dropped to N80.59 trillion in April 2026 from N94.61 trillion recorded in February, representing a decline of more than N14 tri... Read More


Nigeria's FX Reserves Rise Above $48.8bn as CBN Signals Stronger Market Confidence

Nigeria, May 25 -- The News Chronicle reports that the latest figures released by the Central Bank of Nigeria showed the nation's gross reserves increased from $48.34 billion on May 4 to about $48.89 ... Read More


Arteta Fires Warning to PSG After Arsenal's Premier League Win

Nigeria, May 25 -- The News Chronicle reports that Arsenal secured the league championship with a 2-1 victory over Crystal Palace, igniting celebrations among fans and players after years of disappoin... Read More


Naira Slides Slightly Despite Rise in Nigeria's Foreign Reserves

Nigeria, May 25 -- The News Chronicle reports that the official market saw the naira end the week at N1,375.46 per dollar, representing a 0.32 percent weekly drop, while the black market experienced a... Read More


Nigeria Holds Position Among World Bank's Biggest Borrowers

Nigeria, May 23 -- Nigeria has maintained its position as the third largest borrower from the World Bank's International Development Association despite recording a slight reduction in its debt profil... Read More


NPFL Title Race Heads for Dramatic Finale in Lagos and Port Harcourt

Nigeria, May 22 -- The News Chronicle reports that Enugu Rangers and Rivers United are still locked in a fierce battle for the NPFL Title, with only one point separating the two teams heading into Sun... Read More


CBN Raises N5.63 Trillion as Investors Rush High-Yield OMO Bills

Nigeria, May 15 -- The auctions, conducted between May 4 and May 12, recorded strong demand from investors seeking attractive returns on government securities. Although the apex bank initially off... Read More


Nigeria Inflation May Rise To 16.42% as Fuel and Food Prices Mount Pressure

Nigeria, May 14 -- The Financial Market Dealers Association projected headline inflation at 16.42 percent for April 2026, higher than the 15.38 percent recorded in March. Despite earlier indicatio... Read More