Naira appreciates at N1506 amidst reduced FX pressure –

The Nigerian local currency, the naira, appreciated to N1,506 per dollar at the official window even as the nation’s foreign reserves reached $41.500 billion. This is according to the Nigeria Foreign Exchange Market (NFEM) update released by the Central Bank of Nigeria (CBN), indicating spot rate settled at N1506.8433 per dollar at the official window on the first day of the week……..(Read More)

Stock Market Investors Reap N262bn In New Trading Week–

The Nigerian equities market, yesterday, began the trading week in a positive position as investors’ investments rose by N262 billion. Precisely, the All-Share Index up by 227.68 points, representing a gain of 0.24 per cent to close at 96,205.85 points. Also, market capitalization appreciated by N262 billion to close at N88.199 trillion. The upturn was driven by price appreciation in large and medium-capitalized stocks, including Transcorp Power, NASCON Allied Industries, Dangote Sugar Refinery, PZ Cussons Nigeria, and Cadbury Nigeria……….(Read More)

TUC rejects 5% fuel surcharge, gives FG ultimatum –

The leadership of Trade Union Congress (TUC), says has rejected the Federal Government’s planned 5 per cent tax on petroleum products, describing the proposal as “reckless and an act of economic wickedness. The Congress warned the government to withdraw the proposal within 14 days starting from today, saying it would not have any other option than to shut down critical sectors in the country if the government failed to do so……..(Read More)

External Reserves Hit $41.5bn As NEFM Records $2.8bn Inflow –

According to data by the Central Bank of Nigeria (CBN), gross reserves rose for the ninth consecutive week, recording a week-on-week increase of $232.11 million or 0.56 per cent to $41.499 billion as of September 3, 2025, compared to $41.2267 billion, which it closed last month. The naira appreciated by 1.01 per cent last week, and analysts project that the upward momentum will be sustained. Steady reserve accretion provides a vital buffer against external shocks, particularly oil price volatility and speculative pressures..…..(Read More)

Foreign portfolio inflow up 354% to N609.73bn in 3yrs –

The Foreign Portfolio inflow on the Nigerian stock market has increased by 354.4 % to N609.73 billion in seven months of 2025 (7M’25) against N134.19 billion in seven months of 2022(7M’22). The domestic and foreign transactions report released by the Nigerian Exchange Limited, NGX showed that foreign outflow increased by 382.2% to N671.56billion in 7M’25 from N138.97 billion in 7M’22. Meanwhile, the total foreign flows (Inflow and outflow) increased by 369.2% to N1.281trillion in 7M’25 against N273.16 billion in 7M’22.  A further analysis shows that total transactions at the nation’s bourse increased significantly by 240.8% to N6.008 trillion in 7M’25 from N1.763 trillion in 7M’22…….(Read More)

Dollar hits 7-week low as jobs gloom heightens Fed cut chances –

The dollar sank to an almost seven-week low on Tuesday as investors braced for U.S. data revisions that could show the jobs market in worse shape than initially thought, shoring up the case for even deeper Federal Reserve interest rate cuts. The dollar index fell to lows of 97.323 in Asia trade, representing the weakest level for the greenback since July 24, ahead of the release of preliminary benchmark revisions, opens new tab for jobs data covering the period from April 2024 to March 2025…..(Read More)