Lagos, Nigeria Foreign investment activity on the Nigerian Exchange Limited (NGX) recorded a strong but mixed performance in the first quarter of 2026, as foreign inflows rose sharply while outflows also increased. Data from the NGX shows that foreign inflows jumped by 78 per cent to N393.68 billion in Q1 2026, compared to N221.62 billion […]
Foreign capital rises, but outflows remain strong on Nigerian Exchange Read More »
Lagos The Nigerian Naira recorded a mild decline against the US Dollar in early trading on Thursday, April 23, 2026, across both the official and parallel foreign exchange markets. The movement comes as mid-week demand for the Dollar continues to shape market activity, with analysts closely monitoring stability in the days ahead. At the official
Exchange Rate Gap Widens as Dollar Demand Surges in Nigeria Read More »
What the New Green Tax Means for Car Owners in Nigeria FG Moves Against High-Emission Cars with New Tax Policy What the New Green Tax Means for Car Owners in Nigeria FG Moves Against High-Emission Cars with New Tax Policy Lagos, Nigeria The Federal Government has announced a new “green tax” on vehicles with large
FG Moves Against High-Emission Cars with New Tax Policy Read More »
Washington DC, United States Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country will not be seeking loans from the International Monetary Fund (IMF) for now, despite growing concerns over rising debt levels. He made this known on Thursday during a ministerial press briefing at the ongoing IMF-World
IMF Not an Option for Nigeria Now, Says Finance Minister Read More »
Washington DC, United States Finance ministers, central bank governors and top global bankers have raised serious concerns over a powerful new artificial intelligence model known as “Mythos,” warning that it could pose risks to global financial security systems. The model, developed by AI company Anthropic under its Claude series, has triggered emergency discussions after reports
Bankers, Ministers Warn of Cyber Risks from New AI System Read More »
Washington DC, United States The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy is facing a major shock triggered by the ongoing Middle East conflict, with rising energy prices expected to affect countries worldwide. Speaking in Washington DC during the IMF’s spring meetings, Georgieva said the disruption in
IMF Chief Urges Caution as Energy Prices Surge Globally Read More »
The Federal Government announced a ₦3.3 trillion settlement plan for a decade of power sector arrears on Sunday, with 15 generation companies already signed on and ₦223 billion disbursed. But the Association of Power Generation Companies insists the actual debt stands at over ₦6 trillion — raising fundamental questions about who verified the figures, and
Lagos — The Dangote Petroleum Refinery has commenced the export of refined petroleum products, marking a significant milestone in Nigeria’s downstream oil sector. The development signals a shift in Nigeria’s long-standing position as a net importer of refined fuel, as the country begins to supply petroleum products to regional and international markets. Industry analysts say
Dangote Refinery Begins Export of Refined Products Read More »
Abuja — The Nigerian naira has started the second quarter of 2026 on a stable note, trading within a controlled range against the U.S. dollar as macroeconomic buffers strengthen. External reserves, according to the Central Bank of Nigeria (CBN), remain robust at about $49.40 billion, providing sufficient cover for foreign exchange interventions and market stability.The
Naira Holds Steady at Q2 Open on Strong Reserves, Tight Policy Read More »
Air travel across the United States has been thrown into disarray following a mass staffing shortfall within the , with 3,120 officers reportedly absent from duty on Wednesday, triggering unprecedented delays at major airports nationwide. Passengers encountered security lines stretching up to four and a half hours, as checkpoint capacity struggled to cope with surging
U.S. Airports Face Severe Disruptions as TSA Staffing Crisis Deepens Read More »
