Economy

  Tether, the issuer of USD₮, the world’s largest stablecoin, has announced a strategic investment in LemFi as both companies move to accelerate stablecoin-powered financial services across emerging markets. The investment is aimed at deepening financial inclusion and expanding access to faster, more efficient borderless payment systems, particularly for underserved communities relying heavily on remittances […]

  Payaza Africa Limited has recorded another milestone in its growth trajectory after Agusto & Co. upgraded the company’s credit rating from BBB to A-. In a statement released on Monday, the fintech infrastructure company said the latest upgrade adds to a growing number of independent assessments recognising its strengthening position as one of Africa’s

  Yoweri Museveni has disclosed that he met with Aliko Dangote as discussions surrounding a proposed regional refinery project in East Africa continue to gain momentum. Museveni revealed the meeting in a post published on his official X account on Sunday, May 17, amid growing speculation that Dangote is considering the construction of another large-scale

  Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) ended the week mixed despite stronger investor participation, with total transaction value climbing to N1.18 billion from N1.11 billion recorded in the previous week. Data compiled from NGX trading activity showed that both transaction value and trading volume increased week-on-week, reflecting sustained market activity

  The Debt Management Office is auctioning N600 billion in reopened Federal Government bonds today, Monday, May 18, 2026, as the Federal Government continues to tap the domestic debt market amid elevated interest rate conditions. The bond auction comprises two previously issued Federal Government of Nigeria (FGN) instruments carrying coupon rates of 22.60% and 16.2499%,

  The Central Bank of Nigeria has launched the 4th Edition of its Foreign Exchange (FX) Manual as part of ongoing reforms aimed at improving transparency, liquidity, operational efficiency, and investor confidence in Nigeria’s foreign exchange market. The revised manual, unveiled in Abuja by Olayemi Cardoso, is scheduled to take effect from June 1, 2026,

  Leading Nigerian lender PremiumTrust Bank has partnered with Hallelujah Challenge Corporate Social Responsibility team to empower 13 entrepreneurs and small business owners with a total of N50 million in business grants as part of efforts to support grassroots enterprise development and community growth. The grant presentation ceremony, held at the Hallelujah Challenge Centre in

The Green Finance Investment Facility (GFiF), a blended finance platform designed to mobilise large-scale private and institutional investment into distributed renewable energy infrastructure across Nigeria, has officially launched with plans to raise $188 million to finance 191 megawatts of distributed solar capacity nationwide. The facility, led by Barton Heyman Limited in partnership with the Rural

  Nigeria’s pursuit of inclusive economic growth is being constrained by a widening $6.75 billion financing gap that continues to limit access to capital for women, youths, and persons living with disabilities, stakeholders warned at the 4th Gender Impact Investment Summit held in Lagos on Thursday. The summit, themed “From Commitments to Action: Strengthening Inclusive

Nigeria’s headline inflation rate increased to 15.69% in April 2026, up from 15.38% recorded in March, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The latest figure reflects renewed consumer price pressures across the economy despite a sharp moderation in month-on-month inflation and a notable decline compared