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.
Editor
Omobolade Ajibade
Omobolade is a finance and crypto editor specializing in DeFi, FX, and market analysis. With a sharp editorial eye and deep understanding of financial systems, she refines complex drafts into clear, credible, and high-performing content. Her work spans crypto explainers, macroeconomic insights, and trading-focused stories, ensuring accuracy, clarity, and strong SEO alignment. At the intersection of finance, blockchain, and content strategy, Omobolade helps brands and publications produce insightful narratives that engage readers and build trust.
172 articles edited
Articles Edited by Omobolade Ajibade
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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.
News
Seplat Energy slips below ₦10,400 on thin trading
Seplat Energy closed at ₦10,355 on June 2, 2026, tumbling from an opening price of ₦11,486.20 on the Nigerian Exchange premium board.
Credit & Loans
The SBA Loan Program Most Small Business Owners Overlook
The 7(a) loan gets the headlines and the consultant pitches, but a smaller SBA program quietly funds tens of thousands of the borrowers traditional banks turn down.
News
Airtel Africa snaps up more shares in latest June buyback
Airtel Africa keeps pulling its own stock off the open market as part of a $110 million capital reduction program that has already retired millions of shares.