The World Bank says the naira was among Africa’s more resilient currencies in Q2 2026, with a maximum 2.6% weakening as oil exports helped cushion Nigeria against global market pressures.
Category: Business and Economy
G7 Approves 100 Million-Barrel Oil Reserve Release to Ease Diesel Supply Pressures!
G7 countries will release 100 million barrels of oil and petroleum products through the IEA, including an accelerated diesel release, to ease global energy supply pressures and prices.
How to Apply for BOI Loans as a Business Owner Through the MyBOI Portal!
Learn how Nigerian business owners can apply for BOI loans through the new MyBOI Portal, including eligibility, required documents, credit assessment and application steps.
NNPC Offers ₦66 Fuel Discount Nationwide Through Fuel App!
NNPC has launched a nationwide ₦66-per-litre petrol discount through its Fuel App, with the promotion running from October 1 to October 7, 2026.
Sync Finance Appoints Paul Onwuanibe as Board Chairman After CBN Clearance!
Sync Finance Company has appointed Paul Onwuanibe as chairman of its board after receiving no-objection clearance from the Central Bank of Nigeria.
Tinubu Rules Out Return to Fuel Subsidy, Says Nigeria Must Sustain Economic Reforms!
President Bola Tinubu has ruled out a return to Nigeria’s petrol subsidy regime, defending economic reforms while promoting CNG and other measures to reduce transportation costs.
Polaris Bank MD Kayode Lawal Pledges Better Service and Greater Value Ahead of 2026 Customer Service Week!
Polaris Bank CEO Kayode Lawal reaffirms the bank’s commitment to improving customer experience and delivering value ahead of the 2026 Customer Service Week themed “The Extra Mile.”
Dangote Says Africa Could Largely End Fuel Imports by 2030 as $16bn Kenya Refinery Moves Forward!
Aliko Dangote says Africa could largely reduce fuel imports by 2030 as his $16bn, 700,000-barrel-per-day refinery project in Kenya moves toward construction.
Kenyan Court Orders Status Quo on Dangote Lamu Refinery Land as 133 Residents Challenge Project!
A Kenyan court has ordered the status quo on disputed Lamu land linked to Dangote’s proposed 700,000-barrel-per-day refinery while 133 residents challenge the project over land rights.
Tango Brook Expands Digital Fuel Platform Across Five African Markets!
Tango Brook Technologies has expanded its digital fuel platform into five African markets, targeting better fuel-spend control, reduced leakages and improved energy intelligence.
Nigeria’s External Earnings Rise to $20.08bn in Q2 as Current Account Surplus Hits $7.54bn!
Nigeria’s external earnings rose to $20.08 billion in Q2 2026 as stronger oil, gas, refined petroleum and non-oil exports helped lift the current account surplus to $7.54 billion.
Nigeria FX Market Turnover Rises 11% to $2.63bn as Spot and Derivatives Trading Recover!
Nigeria’s FX market turnover rose 11.02% to $2.63bn in the week ended September 25, driven mainly by stronger spot trading and a recovery in derivatives.
Atiku Questions Fresh $1.5bn World Bank Borrowing as Nigeria’s Debt Hits N166.79tn!
Atiku Abubakar has questioned Nigeria’s proposed $1.5bn World Bank borrowing as DMO figures show public debt reached N166.79tn in June 2026.
Nigeria Seeks Fresh $1.5bn World Bank Financing for Climate, Social Protection and Child Development!
Nigeria is seeking three proposed World Bank financing facilities worth $1.5bn for climate resilience, social protection and early childhood development amid rising public debt.
CBN Probes Banks Over Restrictions on Customers’ Access to Forex Accounts!
CBN probes reported restrictions by Nigerian banks on customers’ access to forex accounts as the regulator continues reforms aimed at improving transparency, liquidity and compliance in the foreign exchange market.