Author: Ogochukwu Ndubuisi

Naira Opens Strong, Markets Anticipate Stability The naira opened strong on Monday after a previous gain as market confidence remains intact at the official window. Foreign payments and US dollar supply are projected to match as the authority seeks to maintain stability, with a preference for gradual appreciation. Last week, the Naira maintained its appreciation against the US dollar in the Nigerian Foreign Exchange Market (NFEM) window, supported by continued intervention by the authority. The exchange rate improved at the official window, and the Naira strengthened by ₦10.78 per USD to close at ₦1,355.41 compared to ₦1,366.19 recorded previously. Trading…

A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week. 

Ethereum (ETHUSD) slumped by about 7% in the last 24 hours in the crypto market, hovering around $1,940.37

UBA Unveils Diaspora Platform to Power Global African Lifestyle Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the continent. The platform, launched in collaboration with leading ecosystem partners including United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare Limited, represents a major step in redefining diaspora banking beyond remittances toward structured wealth creation and long-term investment. At the unveiling, which took place at UBA’s global headquarters in Lagos under the theme: “Beyond Banking: Powering…

The Chairman of Nigerian Exchange (NGX) Group, Dr. Umaru Kwairanga, has urged the listing of viable state-owned enterprises

Equity investors trading highs and lows in the Nigerian market gained about N6.8 trillion over the five trading sessions that ended on Friday

Customs Unveils System to Fast-Track Cargo Processing The Comptroller-General of Customs (CGC), Bashir Adeniyi, says full implementation of the One-Stop Shop (OSS) will make customs operations paperless and significantly enhance trade facilitation. Speaking while inaugurating the One-Stop Shop for customs operations in Lagos on Friday, Adeniyi said the platform would dismantle procedures that encourage multiple checkpoints and delays in cargo clearance. Represented by the Deputy Comptroller-General in charge of Enforcement and Investigation, Timi Bomodi, he said the initiative was a deliberate shift from fragmented procedures to coordinated governance. According to Adeniyi, the digital OSS centralises all risk interventions at the…

Agege LG, Lagos Unveils N100m Grant for Youths Women in Micro,Small Businesses The Chairman, Agege Local Government Council, Lagos, Mr Abdul-Ganiyu Obasa, has unveiled a ₦100 million grant for youths and women engaged in micro and small-scale enterprises in the area. Obasa disclosed this at a Skills Elevation Programme’s graduation ceremony held at the council secretariat in Lagos on Friday. The 1000 beneficiaries received vocational and digital training. According to Obasa, the intervention is designed to strengthen grassroots enterprises and human capital development. “This programme underscores our commitment to sustainable empowerment to build a more prosperous Agege,” he said. He…

INEC Lacks Capacity to Conduct E-Voting – Senate The Senate has said that the Independent National Electoral Commission (INEC) lacks the capacity to conduct e-voting at present. The upper chamber also clarified that electronic transmission of election results in real time does not translate to e-voting, as being peddled in some quarters. Chairman, Senate Ad hoc Panel to Review the 2026 Electoral Bill, Sen. Adeniyi Adegbonmire, made the clarifications on Thursday, when he appeared on a programme in Abuja. Adegbonmire equally maintained that INEC Result Viewing Portal (IReV) not an e-voting platform. “It is a platform where the election results…

Zelensky: Renewed Russian Strikes Kill 2 in Ukraine Two people were killed and 10 injured in renewed Russian missile and drone attacks across Ukraine, President Volodymyr Zelensky said on Thursday, as Moscow intensified strikes on the country’s energy infrastructure. “The main targets of the attack were energy facilities in Kiev, Odessa and Dnipro,” Zelensky wrote on Telegram. He added that the damage was also reported in the Kharkiv, Donetsk and Kherson regions, as well as in areas surrounding the capital, where he described the situation as particularly difficult. Kyiv has faced weeks of severe energy supply problems due to persistent…