By Seun Ibiyemi Access Holdings Plc has announced that its Board of Directors has approved the Group’s Audited Consolidated and Separate Financial Statements for the year ended December 31, 2025, alongside a proposed dividend payment, subject to regulatory clearance.GTCO, Zeneth bank, others dominate NGX as trillion-naira club The decision was taken at the Board meeting…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) intervened in the foreign exchange market last week, purchasing about $190 million to moderate the naira’s rapid appreciation at the official window. The move followed a strong rally by the local currency, which had appreciated significantly before retreating during the final three trading sessions that ended…
By Seun Ibiyemi The Nigerian naira opened the trading week with a slight appreciation against the United States dollar on Monday, reflecting continued stability in the foreign exchange (FX) market amid sustained interventions by the Central Bank of Nigeria (CBN).Cardoso calls for digital payment reforms at G-24 meetings Data from the Nigerian Foreign Exchange Market…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that Nigeria’s strong rebound in capital importation may prove fragile if structural weaknesses in the economy are not urgently addressed. In a statement issued on Sunday by Chief Executive Officer of the CPPE, Dr Muda Yusuf, read that total capital inflows into…
By Seun Ibiyemi The Nigerian naira showed a mixed performance in foreign exchange markets over the weekend ending Friday, February 20, 2026, as differing dynamics in the official and parallel segments shaped its trajectory. Data from market sources on Friday showed that the naira appreciated in the parallel (informal) market, strengthening to about ₦1,340 per U.S….
By Seun Ibiyemi Nigeria’s total public debt increased to N153.29tn as of September 30, 2025, reflecting a steady rise in both domestic and external borrowings within three months, according to data released by the Debt Management Office on Friday. The DMO disclosed that the debt stock grew from N152.40tn as of June 30, 2025, to…
By Seun Ibiyemi The Nigerian currency, the naira, recorded a mixed performance in trading on Thursday, as data from the foreign exchange market showed differing movements across official and informal channels. According to Central Bank of Nigeria (CBN) data, the naira weakened marginally at the official foreign exchange window, closing at around ₦1,340 – ₦1,341…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged developing economies to pursue coordinated reforms in digital cross-border payments to drive inclusive growth, enhance financial stability, and deepen global financial integration. Speaking at the 2026 G-24 Technical Group Meetings (TGM) in Abuja, Cardoso stressed that efficient and modern payment systems…
… Strips NNPC of right to withhold oil revenues President Bola Tinubu has issued an Executive Order directing direct remittance of oil and gas revenues to the Federation Account. The order is to safeguard and enhance revenues, curb wasteful spending and eliminate duplicative structures in the sector. This is contained in a statement issued by Presidential…
By Adeyemi David The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stressed the urgent need for Africa to accelerate industrialisation, create jobs, expand economic opportunities, and lift millions out of poverty while strengthening climate resilience. Cardoso made the call during his keynote address at the Egypt 30by30 Programme organised by the…
