World Bank dismisses Nigeria’s single-digit inflation target –

The World Bank has said the Federal Government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a handful of African countries still grappling with high Consumer price inflation. In its latest Africa’s Pulse report released on Tuesday, the Bank projected that Nigeria, alongside Angola, Ethiopia, Ghana, Malawi, Sudan, Zambia, São Tomé and Príncipe, and Zimbabwe, will continue to record double-digit inflation rates through 2025……….(Read More)

Market capitalisation up N92bn amid insurance stock surge –

The Nigerian Exchange extended its bullish run on Tuesday, gaining N92bn as renewed interest in insurance stocks boosted market performance. The market capitalisation rose to N92tn, while the All-Share Index advanced 172.48 points, or 0.12 per cent, to close at 144,995.26. This brought the market’s week-to-date gain to 1.84 per cent, four-week gain to 4.02 per cent, and year-to-date growth to 40.87 per cent. Market data showed that investors traded 507.4 million shares worth N24.28bn in 30,665 deals, reflecting a two per cent decline in volume, a 67 per cent rise in turnover, and a 14 per cent drop in the number of deals compared to Monday’s session…..(Read More)

CBN committed to price, monetary stability – Cardoso –

The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country. Nigerians have, over a long period of time, experienced hardship occasioned by rising inflation and monetary instability in the country. But, speaking in Uyo, Akwa Ibom State on Tuesday, the CBN Governor, Olayemi Cardoso, said some of the monetary policies of bank had started yielding positive results, as seen in the steady easing of inflation and current stability in the foreign exchange market…………(Read More)

FG to sustain Naira-for-crude sale with local refiners –

The Federal Government has reaffirmed its commitment to sustaining the Naira-for-crude oil sale agreement with local refiners as part of its broader policy to reduce the cost of fuel production and strengthen the domestic refining sector. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this in Lagos at the 2025 Crude Oil Refinery Owners’ Association of Nigeria (CORAN) Summit. Daily Trust reports that under the policy which started in 2024, local refiners, especially Dangote Refinery, would be supplied crude in naira instead of the foreign currency as a way of ensuring affordable fuel for Nigerians…..…..(Read More)

Non-interest capital market valuation hits N1.6trn – SEC –

The Securities and Exchange Commission (SEC) has revealed that Nigeria’s non-interest capital market has grown significantly, reaching a valuation of over N1.6tn, noting that the figure signals growing investor confidence and deepening participation in ethical finance. The Director-General of the SEC, Dr. Emomotimi Agama, announced this on Monday during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled to hold in Lagos on November 4 and 5, 2025………..(Read More)

Gold surges past $4,000 an ounce as uncertainty fuels rally –

The price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. Gold has seen its biggest rally since the 1970s, rising by around a third since April when US President Donald Trump announced tariffs which have upset global trade. Analysts say another issue worrying investors is delays to the release of key economic data as the US government shutdown enters its second week………..(Read More)