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.
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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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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 […]
News
UNCTAD exposes the hidden cost crushing global exports
Most countries pay more for paperwork than they do for tariffs, and trade policy has become much more interventionist in recent years globally. A new United Nations report has put a precise number on a problem that has long shaped global trade without ever drawing tariff-style political attention. It also exposes a structural disadvantage that […]
News
Trump Calls for 10% Credit Card Interest Rate Cap: What It Means for American Consumers
In a move that has sent shockwaves through the financial industry, President Donald Trump took to Truth Social on Friday evening to announce his call for a temporary cap on credit card interest rates. The proposal, which would limit rates to just 10% for one year beginning on the first anniversary of his second inauguration, represents one of the administration’s boldest moves yet to address consumer affordability concerns.
News
Trump’s Bold Move to Ban Institutional Investors from Buying Single-Family Homes
When President Trump took to Truth Social on Wednesday morning, his message was direct and unambiguous: “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations.”
Blog
What Investors Look For in Public Health-Tech Companies
As 2025 draws to a close, the health technology sector has demonstrated remarkable resilience and growth, emerging as one of the most compelling investment opportunities of the year.