Category: #Finance
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NAIRA CLIMBS N7.93 TO N1,456 VS DOLLAR IN MONDAY MARKET COMEBACK
The naira kicked off the week with a sharp rebound Monday at the official CBN window, firming up 0.5% to N1,456.56 per USD after shedding to N1,464.49 last Friday—erasing some prior week’s demand-driven wobbles as fresh inflows and tighter policy hints stabilize the FX rollercoaster under Tinubu’s reform push. This welcome bounce signals importer pressures…
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BENUE GOV ALIA UNVEILS N605.5BN 2026 BUDGET TO REVIVE RURAL HEARTLANDS
Gov Hyacinth Alia rolled out a hefty N605.5 billion “Rural Development, Livelihood Support and Sustained Growth” blueprint Monday to Benue Assembly—a 10% jump from 2025—laser-focusing on flipping underfunded farm belts into economic powerhouses with N342.42bn capital (56.6%) fueling roads, agro-boosts and jobs, while N281.09bn recurrent (46.4%) locks in minimum wage, salaries and welfare amid herder-farmer…
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NGX EQUITIES INVESTORS BAG N1.67TRN WEEKLY WIN
Stock market bulls charged ahead Friday, lifting the NGX All-Share Index 1.76% to 152,057.38 points and market cap to N96.937 trillion—a juicy N1.673trn investor gain from last week’s 149,433.26 and N95.264trn—fueled by broad rallies despite dips in AFR Bank Value (-1.38%) and Oil & Gas (-0.17%) indices. Trading volume dipped to 4.373bn shares worth N97.783bn…
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NAIRA DIPS TO N1,464 VS DOLLAR AMID WEEKLY DEMAND SURGE
The naira closed Friday weaker at N1,464.49 per USD on the official CBN market—a 0.4% slide from Thursday’s N1,457.84—erasing Monday’s N2.59 gain as importer dollar hunts overwhelmed supply, pushing steady depreciation through Tuesday (N1,455.08) and Wednesday (N1,455.49). This volatility echoes Nigeria’s FX tightrope under Tinubu’s reforms, where early-week highs crumble against persistent pressures from oil…
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KANO GOVT HIRES 120 REVENUE HUNTERS, CLIMBS TO #1 NORTH, #9 NATIONWIDE IN IGR
Gov Abba Yusuf beamed Saturday at Kano Government House during the induction of 120 fresh permanent staff for Kano Internal Revenue Service (KIRS), celebrating the state’s top Northern ranking and 9th national spot in Internally Generated Revenue per National Bureau of Statistics—crediting bold reforms that supercharged collections without corruption shortcuts. KIRS boss Zaid Abubakar hailed…
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TINUBU HAILS INFLATION DROP TO 14.45% AS REFORMS PAY OFF
President Bola Tinubu touted Nigeria’s economic rebound Friday while unveiling the 2026 “Budget of Consolidation, Renewed Resilience and Shared Prosperity” to a joint NASS session spotlighting headline inflation plunge from 24.23% in March to 14.45% in November after eight straight months of easing, fueled by steady food/energy prices and tighter monetary grips. Q3 2025 growth…
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TINUBU GEARS UP FOR N54.46T 2026 BUDGET BASH AT NASS TOMORROW
President Bola Tinubu shot a formal letter Thursday to the House of Reps, snagging the noon slot on Friday Dec 19 for a high-stakes joint National Assembly address to unveil the whopping 2026 Appropriation Bill—packing naira 54.46 trillion in projected spending to supercharge his Renewed Hope agenda amid economic headwinds. Speaker Abbas Tajudeen read the…
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PENCare LIFELINE: FREE HEALTHCARE FOR 30K LOW-INCOME RETIREES FROM MARCH
PenCom boss Omolola Oloworaran dropped game-changing news Thursday at Lagos’ Pension Revolution Summit, unveiling a March 2026 pilot for PenCare blanketing 30,000 strapped CPS retirees nationwide with free, accessible medical care to ditch post-work bill nightmares and honor their service with real dignity. This industry-first, trustee-led push across six geo-zones eases healthcare hell for the…
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PENCOM UNLOCKS N758B PENSION BOND, PENSION ASSETS HIT N27T MILESTONE
PenCom boss Omolola Oloworaran just unveiled a game-changing one-year scorecard at Abuja’s Pension Revolution Summit: the FG’s N758 billion bond—greenlit by President Tinubu in February—is now cashing out over N600 billion to wipe pension arrears, skyrocketing industry assets to N27 trillion via bold Pension Revolution 2.0 reforms that rebuilt trust and coverage. She’s turbocharged the…
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FG UNVEILS N1.23TN BOND PUSH TO WIPE POWER SECTOR DEBTS
Nigeria’s government is pulling out all stops to fix the power crisis, launching a N1.23 trillion bond issuance over the next four months to pay off long-overdue bills to Gencos and gas suppliers—part of President Tinubu’s sweeping debt reduction plan. Special Adviser on Energy Olu Verheijen announced the first-phase bonds at a virtual investor forum…
