Forex traders have attributed the worsening volatility of the naira at the parallel market to fiscal indiscipline and overlapping budget cycles by the Federal Government. This is according to insights from currency traders and market operators who spoke to Nairametrics. They said that the lack of fiscal discipline weakens the naira through excessive spending and […] READ MORE

Egoras Technologies is preparing to launch a business-focused smartphone designed to give Nigerian small and medium-sized enterprises direct access to capital markets through ContisX, a new securities exchange that has received Approval-in-Principle from Nigeria’s Securities and Exchange Commission and is expected to go live in September 2026. The device, called the Cube Phone, is being […] READ MORE

Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has highlighted key economic gains recorded during his tenure, including improved growth and a significant decline in inflation.  READ MORE

US President Donald Trump has announced the extension of the ceasefire with Iran, which was initially set for two weeks, until negotiations are concluded and a proposal from the Iranian government is submitted. Trump made the announcement in a post on Truth Social on Tuesday. He explained that the extension follows a request from Pakistan, […] READ MORE

Bitcoin is still the “entry point” for most crypto-savvy Nigerians, making up large cryptocurrency purchases on major platforms. Google trend data showed Nigeria is ranked 7th on Bitcoin interest over a year spectrum. The highest in Africa Nigerian small businesses are increasingly using Bitcoin and stablecoins to settle invoices with suppliers in China and Europe. […] READ MORE

Senior Advocate of Nigeria, Patrick Ikwueto, has alleged what he described as “disturbing” consultant enrichment schemes surrounding the much-talked-about Paris Club refund. The allegation is contained in a letter to the Attorney General of the Federation, signed by the senior lawyer, who is acting as solicitor to GSCLBIZ Plus Consortium. The letter comes amid a rebuttal […] READ MORE

The Central Bank of Nigeria (CBN) has warned members of the public about the circulation of fraudulent messages and links designed to gain access to personal bank accounts. The warning was contained in a press release dated April 21, 2026, and issued by the apex bank’s Acting Director of Corporate Communications, Hakama Sidi Ali, and […] READ MORE

Nigeria’s Minister of Power, Chief Adebayo Adelabu, is reportedly set to resign from his position as he prepares to pursue the Oyo State governorship seat. READ MORE

The Federal Competition and Consumer Protection Commission has warned firms, legal advisers, and transaction parties against breaching statutory requirements governing mergers and acquisitions in Nigeria. This was contained in a statement issued by the Director of Corporate Affairs, Ondaje Ijagwu. The Commission said the warning is necessary to ensure compliance with the provisions of the […] READ MORE

A Federal High Court sitting in Benin City has sentenced Goodluck Ejimiyare to five years’ imprisonment for recruiting teenagers into an internet fraud training network, popularly known as a “Yahoo school.” The conviction was secured by the Economic and Financial Crimes Commission (EFCC), which disclosed the development in a statement. The convict was sentenced by […] READ MORE