Economy

President Bola Ahmed Tinubu has elevated Taiwo Oyedele to the position of Minister of Finance and Coordinating Minister of the Economy, following the exit of Wale Edun from the Federal Executive Council. The development was announced in a statement issued by Yomi Odunuga, Special Adviser on Media and Publicity to the Secretary to the Government […]

Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has outlined key economic improvements recorded during his tenure as he officially exits the Federal Executive Council. In a farewell statement seen by Nairametrics, Edun expressed gratitude to Bola Ahmed Tinubu for the opportunity to serve in his administration. His departure follows a

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) aimed at improving consumer protection, tackling payment fraud, and strengthening collaboration between the telecommunications and financial services sectors. The development was announced in a statement released by Nnenna Ukoha, who confirmed that the agreement also included

President Bola Ahmed Tinubu has reportedly approved a $75 million investment in Flutterwave, as the fintech firm advances plans toward a potential Initial Public Offering (IPO). The disclosure was made on Monday by the President’s Special Assistant, Dada Olusegun, through a post on social media. According to Olusegun, the investment is currently progressing, although specific

The government of Lagos State has unveiled a new set of cybersecurity guidelines aimed at improving digital safety for businesses, government institutions, and residents as cybercrime losses in Nigeria continue to rise. The announcement was made by the Commissioner for Information and Strategy, Gbenga Omotoso, who revealed that the initiative forms part of broader efforts

Nigerian Exchange Limited (NGX) has announced an extension of its daily trading hours to 4:00 p.m., a move aimed at strengthening liquidity and increasing investor participation in Nigeria’s capital market. The development was disclosed in an emailed statement released by the exchange on Friday, April 17, 2026. The new trading schedule will take effect from

The Chief Executive Officer of Nigerian Breweries Plc, Thibaut Boidin, has warned that the Nigerian government’s proposed tax stamp policy could completely wipe out profits in the brewing industry and potentially destabilise the sector. Boidin issued the warning during the company’s 80th pre-Annual General Meeting media briefing in Lagos, where he emphasised the need for

The government of Nigeria has raised ₦100 billion from unclaimed private funds, integrating the resources into its borrowing programme as the country’s domestic debt stock climbed to ₦80.49 trillion. The development was disclosed in the latest domestic debt report released by the Debt Management Office (DMO). The report shows that the funds were raised through

The equities market in Nigeria delivered its strongest weekly performance of 2026, with the benchmark index of the Nigerian Exchange Group (NGX) rising 6.57% for the week ended April 17, 2026. The All-Share Index (ASI) closed at 217,167.57 points, marking a historic milestone as the market crossed the 217,000 level for the first time. This

The stock market in Nigeria has reached a historic milestone as the benchmark index of the Nigerian Exchange Group (NGX) surpassed the 200,000-point mark, extending a powerful rally that has been building over the past year. The surge follows a remarkable 51.2% market return in 2025, with the All-Share Index (ASI) continuing its upward trajectory