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Nigeria's insurance industry is entering a new phase under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, with stronger regulatory standards, higher capitalisation requirements and greater emphasis on protecting policyholders. The reforms have received support…
Nigeria’s foreign exchange market remained in focus on Wednesday, September 30, 2026, as the naira was quoted at ₦1,329.1600 to the US dollar at the official market, according to data attributed to the Central Bank…
Nigeria’s flagship crude grade, Bonny Light, has recorded a notable price correction, reflecting changing dynamics in the international oil market. The drop, which represents a significant percentage decline within a short period, signals a shift…
Nigeria’s foreign exchange landscape continues to reflect a gap between official and informal market pricing, with the US dollar maintaining strong demand across trading channels. As of today, attention remains focused on how both markets…
Nigeria’s foreign exchange market continues to reflect the pressure between official channels and informal trading hubs, with the Dollar–Naira rate showing slight fluctuations across segments. Current Black Market (Parallel Market) Rates In the informal forex…
The value of the naira against the United States dollar continues to draw attention across Nigeria’s financial landscape, especially within informal currency markets. Many individuals and businesses closely monitor these fluctuations to guide their daily…
Nigeria’s construction sector is currently grappling with another wave of price increases as the cost of cement continues to climb across major markets. Builders, developers, and contractors are feeling the pressure as the price of…
Nigeria’s energy market is once again under pressure as recent adjustments in gas pricing begin to impact households and businesses nationwide. The latest development signals a potential increase in living expenses, especially for families that…
Nigeria’s foreign exchange market continues to draw attention as fluctuations in the value of the naira persist across both official and unofficial channels. Many individuals and businesses closely monitor these rates daily due to their…
Nigeria’s fuel market has taken a new turn as the Federal Government reopens the door for petrol imports, reversing an earlier restriction that had been in place to promote local refining. The shift comes at…