Author: Ogochukwu Ndubuisi

Breedjr Tops $4M Payouts, Launches Crypto-to-Naira Settlements Breedjr, a crypto-to-naira payout platform, has surpassed $4 million in total payouts since its launch in 2025, while unveiling an upgraded payout experience designed to deliver faster settlements and improved rate transparency for users. The update is tailored for a growing segment of users, including traders, freelancers, and recurring converters, who rely on seamless conversion of digital assets into naira. With the enhanced experience, users can generate a receiving address within the app, view exchange rates upfront before initiating transactions, send funds from any exchange, and receive naira directly into their Nigerian bank…

Nigeria at Forefront of Africa’s Blue Economy Growth – NPA The Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, says Nigeria is at the forefront of Africa’s blue economy growth. Dantsoho said this while speaking at the Blue Economy Investment Summit on Wednesday in Abuja, noting that Nigeria’s port system would play a pivotal role in unlocking investments nationwide. He said that Nigeria’s port system would play a pivotal role in unlocking strategic investments and accelerating economic growth, driven by ongoing reforms and improved private sector participation across the maritime sector. Dantsoho attributed…

The Nigeria Deposit Insurance Corporation (NDIC) says it has begun the process of concluding the liquidation of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their acquisition by new owners.

The Nigerian Exchange (NGX) All-Share Index soared sharply midweek, driven by positive price movement recorded by some blue-chip companies.

Nigeria’s headline inflation rate increased to 15.38% year on year, according to consumer price index data released by the national statistics office on Wednesday.

Tosin Eniolorunda, ALX Host Masterclass for Women Entrepreneurs Tosin Eniolorunda, Group CEO of Moniepoint Inc., has delivered on a commitment to deepen financial literacy among women business owners in Nigeria. In partnership with ALX, Eniolorunda hosted a four-hour virtual Entrepreneurship Masterclass bringing together 100 female business owners for a hands-on session designed to move them from petty trading to building valuable enterprises. The masterclass was structured around three practical modules: The Model, The Money, and The Plan with each session facilitated by a subject matter expert and anchored in live, guided exercises rather than passive instruction. Participants also completed a…

Financial System Liquidity Surges 19% on OMO Bill Inflow The financial system’s liquidity increased by about 19% following a large OMO bill repayment, amid a slowdown in banks’ deposits at the Central Bank window. Broadstreet analysts reported excess liquidity in the banking system advanced on Tuesday, prompting the Apex Bank to float an OMO auction. Market reports from Meristem Securities Limited indicate that system liquidity increased by 18.90% to NGN5.91 trillion, primarily driven by an OMO repayment of N1.34 trillion, alongside an 18.98% increase in the opening balance. This inflow was more than offset by the 8.06% decline in banks’…

OPEC Crude Production Drops 7.9mbpd in March Crude oil production by the Organisation of the Petroleum Exporting Countries (OPEC) fell by around 7.9 million barrels per day (bpd) in March 2026 compared with February, due to disruptions caused by US-Israeli airstrikes on Iran and Iran’s retaliatory attacks across the region. In March, OPEC’s total output stood at about 20.79 million barrels per day (mbpd), according to the group’s latest Monthly Oil Market Report. The steepest production declines were recorded in Iraq, Saudi Arabia, the UAE and Kuwait. Iraq’s crude output dropped by roughly 2.56 million bpd to about 1.63 million…

The World Bank Group, through its private-sector arm the International Finance Corporation (IFC), and Citi have signed a new 1.6 billion South African rand borrowing facility that will expand IFC’s ability to provide local currency (LC) financing in South Africa.

CBN Approves N2.2trn OMO Bills Allotment to Investors The Central Bank of Nigeria (CBN) raised N2.2 trillion from OMO bill sales to investors as part of efforts to reduce excess liquidity in the financial system and refinance maturing papers. System liquidity opened the week in a strong surplus position of ₦4.97 trillion, reflecting a ₦181.77 million increase supported by inflows from repayments and placements at the CBN’s standing deposit, lending facilities, investment firm AIICO Capital said in a note. On Tuesday, the CBN conducted an open market operation in which N600 billion worth of OMO bills were offered for subscription,…