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September 22, 2026 - 12:54 PM

Business

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FG, States, LGs Get N2.338tn as Statutory Revenue Falls by N1.5tn

The Federal Government, states and local government councils have shared N2.338 trillion in revenue for August 2026, following a sharp drop in statutory earnings...

TCN To Shut Down Bida Substation For Maintenance, Lists Affected Areas

The Transmission Company of Nigeria (TCN) has announced plans to carry out its annual preventive maintenance at the Bida 132/33kV Transmission Substation in Niger...

Food Inflation Remains High At 19.57% Despite Easing Pressure

Nigeria’s food inflation rate was 19.57% year-on-year (YoY) as of August 2026, down from a huge jump in the previous month.   The consumer price index...

Naira Strengthens To N1,353 Per Dollar As FX Inflows Improve

The naira strengthened against the dollar in August as improved foreign exchange liquidity helped ease pressure on the currency. The average exchange rate appreciated by...

NGX Market Cap Hits N159.9tr As Trading Volume Doubles

The Nigerian Exchange (NGX) extended its bullish run on Thursday, with market capitalisation rising by N1.18 trillion to N159.9 trillion from N158.71 trillion recorded...

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