CBN absorbs N2.5tn in a heavily oversubscribed OMO auction as investors chase high yields, while tight liquidity sends naira to N1,331 per dollar.
Economy
Most viewed
Popular
-
CBN changes dollar exchange rate as naira weakens, new USD prices emerge
-
Nigeria’s most expensive neighbourhoods: See how much It costs to own a home there
-
OpenAI releases Sora AI video generator to public
-
Expert lists 10 federal government funding programmes Nigerians can access in 2026
-
CBN crashes dollar as naira hits new high in official window
Economy Latest News
Abiodun puts agriculture at the heart of Ogun’s economic growth plan
Governor Abiodun is championing agriculture as Ogun State's economic backbone, highlighting 28 projects focusing on aquaculture and poultry to boost growth.
Cardoso flags election spending, liquidity risks to Nigeria’s economic reforms
The governor of the Central Bank of Nigeria (CBN) warned that excess liquidity and the 2027 election cycle could undermine recent economic stability.
Plastic waste is the new gold: How recycling is creating opportunity for young Nigerians
Youth Empowered Podcast features Nigerian recycling leaders discussing how plastic waste is being transformed into jobs, value, and community impact.
Farmers give update on tomato prices ahead of Ramadan
Tomato prices across Nigeria are unlikely to rise during the forthcoming Ramadan fast, contrary to the usual seasonal trend, according to NAPTAN.
CBN crashes naira further, mops up dollars amid reserves increase
The naira strengthens against the US dollar as CBN intervenes, boosting market confidence with rising external reserves amid fluctuating global oil and gold prices.
Naira starts new week on a high as reserves surge, confidence returns to FX market
The naira strengthens 1.5%, buoyed by rising external reserves to $46.91 billion, as confidence in Nigeria's forex markets surges, easing speculative pressures.
Rice price hike looms as Tinubu administration faces tough choice on imports and rising costs
Nigeria's rice prices may rise as the FG considers closing import windows, risking local farmers and creating a new food inflation challenge amid rising costs.
SMEDAN lists how Nigerian entrepreneurs spend business loans “they take it and disappear”
SMEDAN says many Nigerian entrepreneurs divert MSME loans to personal use and fail to repay, weakening revolving funding schemes and limiting access to finance.
Nigerian salary earners see higher take-home pay as Tinubu’s Tax Reforms Kick In
Nigeria's tax reforms are enhancing net pay for workers, with reduced PAYE deductions reshaping financial relief for low- and middle-income earners.
Economy
Load more