MaTaZ ArIsInGDallas, Texas •As CBN reduces interest rate to 27% •External reserve hit $43bn •NECA demands reforms to ease cost of living crisis •CBN’s easing of credit conditions a welcome, timely intervention – CPPE By Emma Ujah, Abuja Bureau Chief, Peter Egwuatu, Victor Ahiuma-Young & Yinka Kolawole ABUJA—Governor of the Central Bank of Nigeria, CBN, […] Read more
MaTaZ ArIsInGDallas, Texas The Nigerian naira on Monday appreciated against the United States dollar, trading below the N1,500/$ threshold for the first time in over six months. Data from the Central Bank of Nigeria showed that the domestic currency closed at N1,497.46/$, compared to its previous close of N1,501.49/$, marking a 0.27 per cent gain. […] Read more
MaTaZ ArIsInGDallas, Texas The naira recorded its strongest gain in seven months on Wednesday, buoyed by robust foreign reserves that saw a $4.1 billion rise between July and August. Data from the Central Bank of Nigeria (CBN) showed that the local currency strengthened to N1,506.08 to a dollar on Wednesday at the Nigerian Foreign Exchange […] Read more
MaTaZ ArIsInGDallas, Texas Tanker drivers under the Nigeria Union of Petroleum and Natural Gas Workers have threatened to stop fuel loading over the seeming cold war between them and the management of the Dangote refinery. The crisis is arising from the plan by the Dangote refinery to import 4,000 compressed natural gas-powered trucks for the […] Read more
MaTaZ ArIsInGDallas, Texas Guaranty Trust Holding Company Plc has injected N365.9bn into its banking subsidiary, Guaranty Trust Bank Limited, to meet the new minimum capital requirement set by the Central Bank of Nigeria for commercial banks with international authorisation. The company, in a statement filed with the Nigerian Exchange Limited and the London Stock Exchange […] Read more
MaTaZ ArIsInGDallas, Texas Buoyed by increasing foreing exchange inflows into the country, Nigeria’s foreign exchange reserves has hit $41.046 billion as at August 20, 2025, according to latest data released by the Central Bank of Nigeria (CBN), the highest it has been since December 2, 2021. The reserves had since the ending of 2021 been […] Read more
MaTaZ ArIsInGDallas, Texas * Lauds president for stabilising Nigeria’s economy, reforms working, should be given credit * Says all hands must now be on deck to further grow the economy * Canvasses social safety nets to cushion effects of economic reforms on citizenry The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, on […] Read more
MaTaZ ArIsInGDallas, Texas Nigerian stocks have recorded their most impressive run under any civilian administration since 1999, as the market rallies sharply under President Bola Ahmed Tinubu. According to a Nairametrics analysis, the All-Share Index (ASI) has gained 136% since President Tinubu assumed office in May 2023. The ASI, which stood at 55,769.28 points as […] Read more
MaTaZ ArIsInGDallas, Texas Brazilian state oil company Petrobras plans to return to Nigeria’s oil sector after more than ten years away. Nigeria’s Foreign Minister Yusuf Tuggar confirmed the development during government meetings in May 2025. The company wants frontier acreage in Nigeria’s deep waters. Petrobras previously operated in Nigeria from 1998 but divested its assets over a […] Read more
MaTaZ ArIsInGDallas, Texas Despite these gains, the World Bank official reiterated that many challenges remained, including persistent high inflation. Taimur Samad, the World Bank’s acting country director for Nigeria, has stated that the Nigerian economy is improving due to the country’s commitment to sustained reforms. Mr Samad made this statement based on the latest Nigeria […] Read more
