The Central Bank of Nigeria permitted licensed bureau de change operators to access foreign exchange from the Nigerian Foreign Exchange Market through authorised dealer banks. Officials announced this development in a circular on February 10, 2026. Musa Nakorji, director of the trade and exchange department, signed the circular. The document addressed all authorised dealer banks…
Dangote Petroleum Refinery reduced its Premium Motor Spirit gantry price by N25 per litre. The company lowered the ex-depot rate from N799 to N774 per litre. Marketers received the communication on Tuesday, and the change took immediate effect. The Group Commercial Operations Department issued a notice. It stated, “This is to notify you of a…
The Malaysian government plans to launch a new digital platform that will allow employers to hire foreign workers directly, eliminating the need for private recruitment agents who have long controlled the process. Malaysia’s Human Resources Minister, Datuk Seri Ramanan Ramakrishnan, announced the initiative, which aims to reduce recruitment costs, prevent worker exploitation, and enhance transparency…
The Federal Airports Authority of Nigeria (FAAN) has reduced the cargo port charge at Lagos’ Murtala Muhammed International Airport (MMIA) to N15 per kilogram. This decision follows negotiations with cargo handling stakeholders. FAAN’s Director of Public Affairs and Consumer Protection, Henry Agbebire. Announced the development in a statement shared on the Authority’s official X page…
The Central Bank of Nigeria (CBN) has announced the full implementation of its Scripless Securities Settlement System (S4). As the exclusive platform for conducting primary market auctions of government securities. This confirmation, provided in response to an inquiry by Nairametrics, establishes S4 as the sole system for bid submission, price discovery, and allocation in Nigeria’s sovereign…
The Nigerian All-Share Index rose 1.29 % on the trading day that ended 9 February 2026, exceeding the 173,000-point mark. The index went up by 2218.7 points and began at 171727.5 and finished at 173946.22. The big names powered by bullish momentum with Dangote Cement rising 8.81. The rally given the backdrop of a drop…
The Naira weekly Forecast state that Naira will quote within a range of N1,350 to N1,420 versus the US dollar by the end of this week in the official market. In the past seven days, Naira has been appreciating approximately 2%. And it is at N1,390/1 at the beginning of this month, but is still…
The National Drug Law Enforcement Agency (NDLEA) has intensified its efforts to combat illegal drug production and trafficking. Recently, the agency arrested a suspected drug kingpin linked to a synthetic Colorado cannabis lab in Oyo State. This operation also led to significant drug seizures across multiple states. According to a statement by NDLEA’s Director of…
The Lagos State Government has shut down the Ladipo Spare Parts Market. Which is located along the Murtala Muhammed International Airport Road on the Apapa-Oshodi Expressway. This action follows repeated violations of environmental regulations. Tokunbo Wahab, the Commissioner for the Environment and Water Resources, announced the closure in a post shared on X (formerly Twitter)…
Banks in Nigeria have started releasing their fourth-quarter (Q4) earnings reports. With some opting to publish unaudited results within the 30-day interim filing period allowed by the Nigerian Exchange (NGX). Others are preparing to utilize the 60-day window for submitting audited financial statements, as per NGX regulations. So far, FCMB Group Plc, First Bank Holdings…
