Category: BUSINESS

Nigeria’s national currency, the naira, weakened further against the United States dollar at the official foreign exchange market on Thursday, underscoring persistent pressure in the country’s currency market amid heightened demand for foreign exchange. Figures released by the Central Bank of Nigeria (CBN) showed that the naira closed at ₦1,341.35 per US$1 in the official…

The Nigerian naira appreciated noticeably against the British pound on Tuesday, February 17, 2026, with the local currency trading at ₦1,806 to £1 in the official foreign exchange (FX) market, according to data from the Central Bank of Nigeria (CBN). This development marks a significant shift in the naira’s performance against major foreign currencies and…

The Nigerian Naira maintained relative stability against the US Dollar on Friday, February 6, 2026, as activity in both the official and parallel foreign exchange markets reflected continued investor confidence. In the official market, also known as the Nigerian Foreign Exchange Market (NFEM), the Naira opened the session at approximately ₦1,367.10 per US Dollar. Throughout…

Gold prices surged to a historic peak on Monday as the U.S. dollar weakened sharply, following heightened political pressure on the Federal Reserve that unsettled global financial markets and pushed investors toward traditional safe-haven assets. In early trading, spot gold climbed to an all-time high, extending a strong rally that has gathered pace in recent…

Recent reports show that loans and commitments from the World Bank to Nigeria between 2023 and 2025 are projected to total US $9.65 billion by the end of the period. This boost in funding reflects multiple fresh approvals and disbursements across sectors such as infrastructure, health, education, governance, and economic reform programmes. Where Nigeria Stands:…

The shipping industry in Nigeria is witnessing a remarkable upturn, with the entire sector recording a 40–50 % increase in activity in 2025 — a significant jump compared to 2024. This surge was revealed by the Shipping Association of Nigeria (SAN), whose leadership credited the upswing to renewed currency stability and improving broader economic conditions….

Netflix announced on December 5, 2025, that it has entered into a definitive agreement to acquire Warner Bros., including its legendary film and television studios, HBO, and the HBO Max streaming service, from Warner Bros. Discovery. The deal comes as Warner Bros. Discovery prepares to spin off its Global Networks division (which includes Discovery Channel,…

As 2025 unfolds, global wealth is increasingly concentrated in a mix of traditional commodities, technology giants, and emerging digital assets. Understanding the world’s most valuable assets is crucial for investors, policymakers, and anyone seeking insight into the economic forces shaping the future. Below, we explore the top 10 assets in detail. 1. Gold – US$…

The Securities and Exchange Commission (SEC) has announced a strategic intensification of efforts to curb Ponzi schemes and protect investors, signaling a decisive step towards financial accountability and market integrity in Nigeria. This move comes amid growing concerns over the proliferation of fraudulent investment schemes that have lured unsuspecting Nigerians with promises of high returns…

The landscape of Nigeria’s oil and gas sector is undergoing a striking transformation, and at the heart of this change stands the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Under the leadership of its Chief Executive, the Commission has embarked on a series of sweeping reforms widely credited with restoring investor confidence, improving governance, and positioning…