Nigerian Designer Leads Revival of Aso Oke as Collectors Rediscover Yoruba Textile Heritage
Michelle Adepoju's collection of more than 500 vintage aso oke textiles is drawing fresh attention to traditional Yoruba craftsmanship, cultural...
Nigeria’s Markets Face Mixed Outlook as Strong Reserves, Weak FX Inflows Shape Investor Sentiment
Investors weigh improving business activity and higher external reserves against reduced foreign exchange inflows, falling equities and elevated borrowing costs.
Naira Strengthens to ₦1,331.56/$ as Nigeria’s Foreign Reserves Climb to $55.07bn
Central Bank dollar intervention supports the local currency while external reserves rise by $140.41 million, although forward market rates point...
Customer Trust, Loyalty Depend on Exceptional Service Delivery — SIFAX Group Chairman
SIFAX Group Chairman, Dr Taiwo Afolabi, urges businesses to prioritise customer satisfaction, responsiveness and lasting relationships as the conglomerate celebrates...
FGN Bond Yields Rise to 16.1% as Investors Take Profits Amid Fresh Market Pressure
Selling activity across short-, medium- and long-term government securities pushes average yields higher despite continued offshore interest.
Investors Bid ₦1.77tn for Treasury Bills as DMO Allots ₦968.47bn
Strong demand for government securities exceeds the amount offered at the latest auction, while secondary market yields rise amid cautious...
Nigerian Interbank Rate Rises to 20.9% as CBN OMO Sales Tighten Market Liquidity
Overnight borrowing costs edge higher as Open Market Operations and Treasury bill settlements absorb funds from the banking system.
NGX Loses 1% as Aradel, Fidelity Bank and Nestlé Drag Nigerian Stocks Lower
Selling pressure across major sectors pulls the All-Share Index down to 248,363.55 points, although the market retains a strong year-to-date...
Nigeria’s Business Activity Strengthens as CBN PMI Rises to 53.0 in September
Industrial production and new orders support stronger economic activity, while services and agriculture maintain expansion despite slower growth.
Nigeria’s FX Inflows Drop 23.3% to $5.12bn as Foreign and Domestic Investment Weakens
September foreign exchange inflows decline sharply as reduced participation by local market segments and international investors raises concerns about liquidity...
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