News
CBN overhauls forex rulebook untouched since 2018
Nigeria’s foreign exchange market just received its biggest regulatory shake-up in nearly a decade, and banks sit squarely in the crosshairs.
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CBN overhauls forex rulebook untouched since 2018
Nigeria’s foreign exchange market just received its biggest regulatory shake-up in nearly a decade, and banks sit squarely in the crosshairs.
Financial News/Updates
CBN’s forex numbers at ₦1,373 raise new questions
If you checked the Central Bank of Nigeria’s exchange rate dashboard in early June 2026, the numbers looked reassuring at first glance.
News
Stanbic ETF stumbles 8% as Nigerian funds face brutal selloff
Something shifted on the Nigerian Exchange on June 4, 2026, and the ETF market made it impossible to ignore.
Financial News/Updates
Naira breaks below ₦1,360 as CBN reserves near $50b
On June 4, 2026, the naira settled at N1,359.75 per dollar at the official Nigerian Foreign Exchange Market window.
News
NGX slips again as ₦290bn vanishes in June’s fourth loss
Something unusual happened on the Nigerian Exchange on June 4, 2026, a session that deepened the market’s losing streak to four straight trading days.
News
Nestle Nigeria stumbles as shares shed 10% in a day
A stock that had gained 59% in 2026 heading into the session and posted a record revenue turnaround just months ago fell 10% in one trading session.
News
Dangote Cement slides below ₦1,100, shaking investors
Dangote Cement opened trading on June 3, 2026, at ₦1,180 per share and never recovered from the selling pressure that followed.
News
NGX ETFs split as Meristem pair rockets 10% in a day
On June 1, 2026, the Nigerian Exchange’s ETF board told two very different stories at the same time.
Financial News/Updates
Nigeria’s reserves surge past $49bn in May, eyeing more
Nigeria ended May 2026 with $49.58 billion in external reserves, a figure that seemed improbable when the country’s foreign exchange cushion sat at roughly $32 billion in mid-April 2024.
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Personal Finance
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Investing
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Investing
$20 Billion Nvidia Groq Deal Signals The Next Phase Of The AI Arms Race
Peace LongeDec 25, 2025
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