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Naira Stability

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Otedola’s FirstHoldCo surges 32 percent to lead Nigerian bank stocks

Femi Otedola's FirstHoldCo has surged 32 percent in a month to leave GTCO, Zenith, Access and UBA behind as Nigeria's best-performing tier-one bank stock.
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Tinubu agrees to waive airline debts as Jet A1 fuel prices soar

Aviation Minister Festus Keyamo says President Tinubu has agreed to waive the debts Nigerian airlines owe to aviation agencies as Jet A1 fuel prices soar.
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CBN Grants Bureaux de Change Temporary Access to Official FX Market to Bolster Naira

CBN grants Bureaux de Change access to forex market while implementing measures to stabilize the Naira and curb speculation.
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World Bank Urges CBN to Halt Ad-Hoc Forex Auctions

The World Bank has advised Nigeria’s Central Bank to end ad-hoc FX auctions and adopt a transparent, structured approach to stabilize the naira, strengthen foreign reserves, and improve liquidity, amidst concerns over rising non-performing loans and currency market volatility.
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Tinubu Inherits Economic Crisis, Presidency Defends Policies

Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.

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Business

Otedola’s FirstHoldCo surges 32 percent to lead Nigerian bank stocks

Femi Otedola's FirstHoldCo has surged 32 percent in a month to leave GTCO, Zenith, Access and UBA behind as Nigeria's best-performing tier-one bank stock.
News

Tinubu agrees to waive airline debts as Jet A1 fuel prices soar

Aviation Minister Festus Keyamo says President Tinubu has agreed to waive the debts Nigerian airlines owe to aviation agencies as Jet A1 fuel prices soar.
News

Cruz accuses Nigerian officials of complicity in killing of Christians

US Senator Ted Cruz says Nigerian officials are complicit in killing Christians, while former minister Lai Mohammed insists Boko Haram has killed more Muslims.
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Edun and Dangiwa resigned from cabinet, presidency confirms

Wale Edun and Ahmed Musa Dangiwa resigned from Tinubu's cabinet on their own, the presidency says, denying reports that the President sacked the two ministers.