Tension in Global Markets: Stocks Fall Ahead of Key Fed Announcement

Global stock markets slipped as investors held their breath, awaiting the much-anticipated interest rate decision from the U.S. Federal Reserve. A tepid session on Wall Street set the tone, prompting caution worldwide as markets weighed the implications of any change in U.S. monetary policy. The nervousness was further fuelled by recent earnings reports from major…

Naira Holds Steady: USD/NGN 2025 Update — What December 2 Rate Means for Nigerians

As of Tuesday December 2, 2025, the exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) remains relatively stable — a relief to consumers, businesses, and individuals depending on foreign exchange. According to data from the Nigerian Foreign Exchange Market (NFEM), the Naira opened trading around ₦1,447.96 per US dollar, marking…

NNPC’s ₦5.4 Trillion Profit Signals the Success of Recent Reforms — Group Hails Ojulari’s Leadership

The recent disclosure by NNPC Ltd. of a staggering ₦5.4 trillion profit after tax for the 2024 financial year has sparked widespread acclaim among energy analysts, civil-society watchdogs, and industry stakeholders. For the first time in decades, the company’s earnings firmly place Nigeria’s national oil firm in the spotlight — not for underperformance or systemic…

CBN Exposes Zuldal Microfinance Bank as an Illegal Operator — Nigerians Urged to Steer Clear

The Central Bank of Nigeria (CBN) has officially disowned a firm calling itself Zuldal Microfinance Bank Limited, warning that it is operating without a licence. The central bank clarified that Zuldal MFB is not authorised to conduct any microfinance or banking business in Nigeria — contrary to the claims made by the institution. CBN’s public…

Fidelity Bank Rockets to ₦748.7 Billion: Unpacking Its 46% Surge in Gross Earnings for H1 2025

Fidelity Bank Plc has announced a stunning financial turnaround in the first half of 2025, posting a jaw-dropping 46% increase in gross earnings. The company’s gross earnings leapt to ₦748.7 billion, significantly up from its performance in the same period last year. This growth represents more than just a rebound — it is a strong…

High-Interest Crisis: Why Nigeria’s Biggest Manufacturers Are Walking Away from Banks

Nigeria’s manufacturing industry is undergoing a dramatic financing shift as leading companies abandon traditional bank loans in response to soaring interest rates. What began as a cautious pullback has now evolved into a full-scale strategy across the sector, reshaping corporate finance and signaling a broader economic transformation. Manufacturers have significantly reduced their reliance on bank…

Naira Revival: What’s Fueling the Turnaround in Nigeria’s FX Market?

Nigeria’s currency, the naira, has been under considerable pressure for years—marked by sharp depreciations, high inflation, and recurring foreign-exchange (FX) interventions. But now, the Central Bank of Nigeria (CBN) says recent developments are pointing to genuine improvement. The key drivers? Strong FX inflows, tighter controls, and a shift back toward more orthodox monetary policy. This…