News
Private sector credit edges past ₦81tn amid 26.5% rate
Private sector credit crossed ₦81 trillion in May, but with lending rates as high as 46% and just 9.4% of GDP reaching businesses, the real question is who that growth is actually serving.
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Hillary Remy
Hillary Remy is a finance and technology writer covering the intersection of Personal Finance, Crypto, Web3, and iGaming. His work examines how digital assets, emerging online markets, and new financial technologies are reshaping wealth creation and modern consumer behavior.
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Articles by Hillary Remy
News
Naira firms at ₦1,369 as forex market shifts
The naira’s latest gain against the dollar looks modest, but a 63% surge in interbank turnover and record reserves point to something bigger.
News
Zenith Bank stalls 20% below its 52-week peak at ₦110
Nigeria’s most valuable banking stock has gone flat after its record April rally, and the gap between price and fundamentals raises questions about what comes next.
News
BUA Cement drops 10% as building stocks face pressure
Nigeria’s second largest cement maker closed at its daily price floor, and it was not the only building stock that buckled on June 18.
News
Stanbic IBTC ETF tumbles 10% despite 905% yearly gain
You do not often see a fund lose 10% and still carry a 905% year-to-date gain, but that is where the Stanbic IBTC ETF 30 landed on June 17, 2026.
News
Nigeria’s prices climb again as inflation hits 15.93%
Grocery bills and fuel costs kept climbing for Nigerian households during May as the country’s annual inflation rate rose for a third consecutive month.
News
Electricity sector VAT crashes 51% in Q1 2026
Nigeria collected a record ₦2.42 trillion in Value Added Tax during the first three months of 2026, a figure that paints a rosy picture of the country’s expanding tax base.
News
Nigeria’s VAT revenue climbs past ₦2.4trn in Q1 2026
Nigeria pulled in ₦2.42 trillion in value-added tax during the first quarter of 2026, marking a new quarterly high in the country’s most critical non-oil revenue stream.
News
BUA Foods skids below ₦900 after opening strong
BUA Foods opened trading on June 9, 2026, at ₦939 per share, a price that suggested stability for the consumer goods heavyweight.
News
Nigeria’s petrol import bill plunges 96% in Q1 2026
A year ago, petrol was the single most expensive item on Nigeria’s import ledger, consuming over 20% of the entire import bill.
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
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.
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.
News
Dangote Refinery IPO draws $2bn before September launch
Aliko Dangote spent over a decade building the largest single-train oil refinery on Earth, and it has not gone public yet.
News
BUA Cement finance income explodes 638% in just one quarter
Something unusual showed up in BUA Cement’s first-quarter filing for 2026, buried several pages past the profit headlines that grabbed most of the coverage.
News
OPay’s IPO quietly lists 40 million Nigerians, too
OPay’s planned US stock market listing has been reported by Bloomberg, citing people familiar with the deal, as a $4 billion fintech milestone, with three Wall Street banks running the offering.
News
AfDB channels $200 million into Nigeria’s industrial future
If you run a small business in Nigeria, finding affordable, long-dated capital can feel difficult given the cost of credit nationally.
News
FMDA projects inflation creeping back to 16.42%
For eleven consecutive months, Nigeria’s inflation rate moved in one direction: down, from a peak of 27.4% to a five-year low.
News
Tinubu reveals Nigeria will spend $11.6bn on debt service in 2026
Nigeria will hand over roughly $11.6 billion to creditors this year, a sum that swallows nearly half of everything the government expects to collect in revenue. President Bola Tinubu put that number on the record at an international summit in Nairobi on May 12, 2026. The disclosure was not buried in a budget document or […]
News
CBN forex window sees naira inch toward ₦1,350 mark
At the start of 2026, most of Nigeria’s top economists expected the naira to trade between ₦1,430 and ₦1,500 against the dollar. A few optimistic voices floated ₦1,350 as a best case, but the consensus treated it as aspirational. Five months later, the official Nigerian Foreign Exchange Market has delivered a number that those forecasters […]