Economy
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Nigeria’s External Reserves Gain $551m in May as FX Outlook Strengthens
May 25, 2026
Nigeria’s External Reserves Gain $551m in May as FX Outlook Strengthens
Nigeria’s foreign exchange reserves have rebounded strongly in May 2026, rising by approximately $551 million after sustained pressure throughout April,…
Stanbic IBTC Outperforms Wema Bank in Q1 2026
May 25, 2026
Stanbic IBTC Outperforms Wema Bank in Q1 2026
Stanbic IBTC Holdings and Wema Bank both delivered strong first-quarter 2026 results, but Stanbic maintained the upper hand through diversified…
NNPC Fights Back as Dangote Refinery’s Fuel Import Lawsuit Heats Up
May 24, 2026
NNPC Fights Back as Dangote Refinery’s Fuel Import Lawsuit Heats Up
The Nigerian National Petroleum Company Limited (NNPC) has formally opposed a lawsuit filed by Dangote Refinery challenging fuel import licences…
Dangote Refinery’s Mega IPO Puts NGX Listing Plans on Ice for Many Firms
May 23, 2026
Dangote Refinery’s Mega IPO Puts NGX Listing Plans on Ice for Many Firms
Several Nigerian companies are reportedly stalling or reconsidering their plans to list on the Nigerian Exchange (NGX), as the anticipated…
Wema Bank Gets ‘A’ Rating Upgrade from Agusto & Co.
May 22, 2026
Wema Bank Gets ‘A’ Rating Upgrade from Agusto & Co.
Agusto & Co. has upgraded Wema Bank’s long-term credit rating from A- to A, marking a significant milestone for the…
UBA Debuts Diaspora Healthcare Investment Platform in the U.S.
May 21, 2026
UBA Debuts Diaspora Healthcare Investment Platform in the U.S.
United Bank for Africa (UBA) Plc has unveiled a healthcare investment platform to mobilise diaspora capital for hospitals and medical…
Nigeria 305th Monetary Policy Committee Briefing May 2026
May 20, 2026
Nigeria 305th Monetary Policy Committee Briefing May 2026
The Central Bank of Nigeria (CBN) has opted to maintain its benchmark interest rate at 26.5% following the conclusion of…
Economists Commend CBN on Sustained External Reserves Amid Global Shocks
May 20, 2026
Economists Commend CBN on Sustained External Reserves Amid Global Shocks
Economists have commended the Central Bank of Nigeria (CBN) for sustaining the country’s external reserves at 48.54 billion dollars amid…
Nigeria’s Tax Revenue Reaches N7.44tn in Q1 2026, Falls Short by N2.24tn
May 20, 2026
Nigeria’s Tax Revenue Reaches N7.44tn in Q1 2026, Falls Short by N2.24tn
Nigeria generated N7.44 trillion in tax revenue in the first quarter of 2026, falling short of its prorated budget target…
World Bank to Expand Africa Guarantees to $6.4bn by 2030
May 20, 2026
World Bank to Expand Africa Guarantees to $6.4bn by 2030
The World Bank Group says its Guarantee Platform aims to double its annual issuance of guarantees in Africa to 6.4…