The Nigerian Naira continued its impressive run of stability against the US Dollar on Wednesday, December 3, 2025, maintaining a tight convergence between the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. According to data from the FMDQ Securities Exchange, the Naira commenced trading at the official window at ₦1,448.43 per dollar. Market…
The Naira began the week with a minor depreciation on Monday, trading at N1,448.43 against the U.S. Dollar in the official foreign exchange (FX) market. Data from the Central Bank of Nigeria (CBN) showed the local currency lost N1.69, a marginal 0.1 per cent decline from its closing rate of N1,446.74 on Friday, November 28….
The Dangote Petroleum Refinery has formally informed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of its readiness to commence the supply of Premium Motor Spirit (PMS), commonly known as petrol, starting this December. The massive refinery is set to inject an initial volume of 1.5 billion litres of PMS into the market monthly,…
The Lagos State Government has intensified its efforts to modernize haulage and logistics operations, announcing a strategic partnership with the Nigerian Association of Road Transport Owners (NARTO) for the deployment of 2,000 Compressed Natural Gas (CNG) trucks across the state. The agreement followed a closed-door stakeholders’ engagement involving key representatives of the transportation…
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has once again taken centre stage in grand style, collaborating with Africa’s biggest Afrobeats artiste, David Adeleke, popularly known as Davido, on the Nigeria leg of his 5ive Tour. The Tour, which hit its 4th city on November…
In a significant move towards expanding social security coverage and driving financial inclusion, the National Social Security Fund (NSSF) Uganda has announced a partnership with Interswitch Group, a leading African digital payment and e-commerce firm. This collaboration aims to leverage Interswitch’s Quickteller platform to extend essential social security services to more Ugandans. The NSSF,…
In a remarkable display of innovation and leadership, Moniepoint Inc. has been recognized with three prestigious awards that highlight its transformative impact on the financial services landscape in Africa. The Nigerian fintech powerhouse clinched the titles of Best SME Microfinance Bank at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards 2025, Largest Non-FI Acquirer…
Dangote Group is pleased to announce a series of strategic technical partnerships to support the next phase of expansion of its fertiliser operations in Nigeria, as well as the development of new fertiliser plants in Ethiopia. These collaborations mark a significant step in our long term plan to strengthen regional food security, enhance agricultural…
Zenith Bank has solidified its dedication to fostering technological innovation in Africa with the successful completion of the Fifth Edition of the Zenith Tech Fair, which took place on November 20, 2025, at the Eko Convention Centre in Lagos. The event, themed “Future Forward 5.0: Tech for Success – Innovate, Adapt, Accelerate,” awarded a whopping…
FirstBank, West Africa’s premier financial institution and financial inclusion services provider, is pleased to announce its upcoming SMEConnect Webinar scheduled to hold on Wednesday, 26 November 2025. The SMEConnect Webinar is one of the ways FirstBank delivers its capacity building of its value propositions to small and medium-sized enterprises (SMEs). It is designed to empower…
