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Nigeria’s gross external reserve drops slightly to $49.49 billion – CBN
Economy
2 sources

Nigeria’s gross external reserve drops slightly to $49.49 billion – CBN

Though there is a slight drop from what was recorded in February, the CBN said at the press briefing that Nigeria's external reserves remained robust. The post Nigeria’s gross external reserve drops slightly to $49.49 billion – CBN appeared first on Premium Times Nigeria.

Investors stockpile funds in Money Market ahead of Dangote IPO
Economy
2 sources

Investors stockpile funds in Money Market ahead of Dangote IPO

Growing appetite for the proposed Dangote Refinery Initial Public Offer (IPO) is reshaping investor behaviour across Nigeria’s financial markets, with read more Investors stockpile funds in Money Market ahead of Dangote IPO

UK Eases Sanctions On Russian Jet Fuel, Diesel Imports
Economy
5 sources

UK Eases Sanctions On Russian Jet Fuel, Diesel Imports

The UK has eased sanctions on Russian jet fuel and diesel imports, allowing for imports of Russian crude oil refined in third countries. This decision has faced criticism from opposition parties.

CBN retains interest rate at 26.5%
Economy
3 sources

CBN retains interest rate at 26.5%

The Central Bank of Nigeria has decided to maintain the interest rate at 26.5%. This follows a previous reduction of the Monetary Policy Rate earlier this year.

Lagos releases ₦5bn intervention fund for MSMEs
Economy
3 sources

Lagos releases ₦5bn intervention fund for MSMEs

The Lagos State Government has allocated ₦5 billion to support small businesses through its LASMECO program. This initiative aims to enhance funding access for entrepreneurs and cooperatives in the state.

Breaking: CBN retains monetary policy rate at 26.5%
Economy
3 sources

Breaking: CBN retains monetary policy rate at 26.5%

The Central Bank of Nigeria has decided to keep the Monetary Policy Rate at 26.5% after its latest meeting. This decision reflects the bank's ongoing strategy to manage the economy effectively.

NDLEA busts Nigerian-Mexican meth cartel, arrests drug baron
Economy
3 sources

NDLEA busts Nigerian-Mexican meth cartel, arrests drug baron

It also led to the seizure of the largest multi-billion naira meth in history and the arrest of the cartel's kingpin, three Mexican technical experts, and six other top local collaborators. The post NDLEA busts Nigerian-Mexican meth cartel, arrests drug baron appeared first on Va...

EU Agrees To Implement US Trade Pact After Trump Threats
Economy
4 sources

EU Agrees To Implement US Trade Pact After Trump Threats

The EU has agreed to implement a trade pact with the US after facing pressure from former President Trump. This agreement includes reducing levies on US imports, aiming to strengthen transatlantic trade relations.

PAC Research Unveils Reports on Nigeria, Lagos Housing Market
Economy
5 sources

PAC Research Unveils Reports on Nigeria, Lagos Housing Market

PAC Research has released two significant reports focusing on Nigeria's housing market, highlighting opportunities within Lagos. These publications aim to provide insights into the billion-dollar potential of the sector.

UK Annual Inflation Slides To 2.8% In April
Economy
4 sources

UK Annual Inflation Slides To 2.8% In April

UK's annual inflation rate decreased to 2.8% in April, down from 3.3% in March. This decline was reported by the Office for National Statistics.

Capital market: T+1 settlement cycle takes off June 1 — SEC
Economy
4 sources

Capital market: T+1 settlement cycle takes off June 1 — SEC

By Peter Egwuatu The Securities and Exchange Commission, SEC has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926.   The Commission in a notice, outlined  a comprehensive framework that all c...

Dollar to Naira exchange rate today, May 20, 2026
Economy
5 sources

Dollar to Naira exchange rate today, May 20, 2026

The Nigerian naira showed mixed performance against the US dollar on May 20, 2026, in both official and parallel markets. This fluctuation comes amid ongoing demand for foreign exchange.

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