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NGX Eyes Major Overhaul: Plans for Longer Trading Hours, Potential 5 PM Close to Boost Market Activity In a move that could transform Nigeria’s capital markets, the Nigerian Exchange Limited (NGX) is exploring extended trading hours from the current 9:30 a.m. to 2:30 p.m. window to a full 9:00 a.m. to 5:00 p.m. session. This … Read more
Abuja, Nigeria, April 5, 2025 – Nigeria’s naira has plunged to an official exchange rate of N1,600 per U.S. dollar as of Saturday morning, a steep drop from N1,545 earlier this week, according to Central Bank of Nigeria (CBN) data reported by Nairametrics. The crash comes as President Donald Trump’s sweeping tariffs—announced April 2 with … Read more
Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio held a phone call on August 12, 2025, to discuss preparations for a summit between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for August 15 in Anchorage, Alaska. Both diplomats expressed their commitment to ensuring successful talks, with a key … Read more
On June 16, 2025, the Federal Excessive Courtroom in Abuja, presided over by Justice Muhammed Umar, rejected the Federal Authorities’s request to subject a bench warrant for the arrest of suspended Kogi Central Senator Natasha Akpoti-Uduaghan. The request, made by the Lawyer Common of the Federation (AGF), Lateef Fagbemi (SAN), stemmed from her absence at … Read more
July 4, 2025 – As digital currencies gain global traction, African central banks are increasingly exploring Central Bank Digital Currencies (CBDCs) to modernize payment systems, enhance financial inclusion, and address economic challenges unique to the continent. According to a July 2025 report from Nairametrics and insights from the International Monetary Fund (IMF) and Atlantic Council, … Read more
Lagos Govt Begins Demolition of Unapproved Buildings as Amnesty Period Ends Lagos, March 31, 2025 – The Lagos State Government has launched a sweeping demolition campaign targeting unapproved and illegal structures across the state, following the expiration of an extended amnesty period on Sunday, March 30. The Lagos State Building Control Agency (LASBCA), tasked with … Read more
U.S. to Launch Visa Bond Pilot Program Requiring Up to $15,000 for Some Tourist and Business Visas WASHINGTON, D.C. – August 5, 2025 – The U.S. State Department has announced a new pilot program set to begin on August 20, 2025, that could require certain applicants for B-1 (business) and B-2 (tourist) visas to post … Read more
The Nigerian insurance sector has shown remarkable performance in 2025, with the NGX Insurance Index delivering a year-to-date gain of 74.18%, making it the second-best performing sector after consumer goods. Below is a list of the top 10 best-performing insurance stocks in Nigeria for 2025 so far, based on year-to-date returns as reported by Nairametrics … Read more
Abia State Government Signs MoU with MTN Nigeria to Drive Digital Transformation UMUAHIA, Nigeria, May 14, 2025 – The Abia State Government has signed a Memorandum of Understanding (MoU) with MTN Nigeria to advance the state’s digital transformation agenda, aiming to position Abia as a digitally empowered economy and innovation hub. The agreement, announced by … Read more
Jakarta, July 10, 2025 — Indonesia and the United States are moving toward a broader partnership in the critical minerals sector following a “positive” meeting in Washington, according to Indonesia’s chief negotiator, Economic Minister Airlangga Hartarto. The discussions, held on Wednesday, July 9, 2025, addressed looming U.S. tariffs and explored opportunities for enhanced cooperation in … Read more