Nigeria’s foreign reserves have surged to a seven-year high of $46.7 billion, driven by renewed investor confidence, improved oil receipts, and key policy reforms. According to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, the […]
Nigeria’s inflation rate has dropped for the seventh consecutive month, falling to 16.05% in October 2025, according to the latest National Bureau of Statistics (NBS) Consumer Price Index (CPI) report. This significant decline from 18.02% […]
Universal Insurance Plc has reported a significant surge in its profit after tax, rising 388% to N1.13 billion in the nine months ended September 2025. This remarkable growth is attributed to a substantial rebound in […]
Six major banks in Nigeria have recorded a staggering profit of over N2.4 trillion in the nine months ended September 30, 2025. This represents a 20% increase from the N2 trillion recorded in the same […]
The outgoing President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has announced that the bank’s balance sheet and guarantees have grown nearly eightfold during his decade-long leadership. Afreximbank’s assets have expanded from $6 […]
Polaris Bank, in partnership with the Nigeria Conservation Foundation, has extended its nationwide tree-planting campaign to the Lekki Conservation Centre (Lagos), Federal University of Agriculture, Abeokuta (Ogun), and Sardauna Memorial College (Kaduna). The initiative, launched […]
The Central Bank of Nigeria’s recent decision to cut its benchmark Monetary Policy Rate to 27% from 27.5% has raised concerns about the potential impact on the profitability of Nigerian banks. According to Moody’s Investors […]
Nigeria’s House of Representatives has called on President Bola Ahmed Tinubu to suspend the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed pending the conclusion of the investigation of his […]
Aliko Dangote, Africa’s wealthiest individual, is considering a sale of his oil refinery to the Nigerian National Petroleum Company Limited (NNPCL). The refinery, which has a capacity of 650,000 barrels per day and has been […]
The Lagos State government has informed churches that it will commence its on-street parking scheme, which will allow it to charge cars parked ondesignated streets hourly, Peoples Gazette is reporting. A notice by the Lagos […]
Nigeria’s inflation rate rose to 33.20 per cent in March 2024 from 31.70 per cent in February 2024. This was disclosed in the National Bureau of Statistics, NBS, March Consumer Price Index and Inflation report. […]
The Naira appreciated to N1000 per US dollar as Monday’s foreign exchange market commenced. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the DAILY POST. According to the BDC operator, the Naira is […]
Goldman Sachs says the continued surge of the Naira against the Dollar has made it the best-performing currency this month (April). A report by Goldman Sachs economists said that with the appreciation rate of the […]
Social media giant, Meta, formerly known as Facebook on Thursday revealed that Nigerian creators can now monetise their content starting from June 2024. Meta’s President of Global Affairs, Sir Nick Clegg, said this when he […]
The Senate on Wednesday resolved to probe the increase in the prices of cement and other building materials in the country, just as it urged the Federal Government to allow the importation of the commodity […]
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