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Net forex inflow declines 18.3% to $48.1bn in 9 months

NewsFebruary 5, 2026

...lined to $83.71 billion in the nine-month period, compared with $99.44 billion in the same period of 2024. Similarly, foreign exchange outflows fell to $35.65 billion in 9M’25, from $40.61 billi...

Dollar to Naira exchange rate today, February 5, 2026

NewsFebruary 5, 2026

...ing improved confidence in the currency. In major commercial centers like Lagos (Ikeja and Island), Abuja, and Kano, the dollar is currently being exchanged at rates between 1,450 and 1,465. While ...

Economic activity expands 55.7 index points in January

NewsFebruary 5, 2026

... during the period. The report stated: “The composite PMI for January 2026 stood at 55.7 points, signaling expansion in aggregate economic activity for the fourteenth consecutive month.  ...

FG, IFC seal deal to drive bankable infrastructure, attract private capital

BusinessFebruary 5, 2026

...thiopis Tafara, described the agreement as the outcome of a year-long collaboration built on a shared vision for Nigeria’s future. He said the cooperation would strengthen project and bud...

Banks divert credit to services sector

NewsFebruary 5, 2026

•…as industry sector credit declines By Elizabeth Adegbesan Banks have moved the bulk of their credits to the services sector, leaving industry sector with a declining loan po...

Summit courts private sector partnerships for improved maritime security in Niger Delta

NewsFebruary 5, 2026

...ta Investment Summit has called on private sector companies working in the area of maritime security to deploy a coordinated approach to ensure maximum impact. This was stated in a statement released ...

Senate rejects 10-year jail term for PVC traders, amends electoral timelines

NewsFebruary 5, 2026

...Senate struck out Clause 142 on the effect of non-compliance, arguing that the provision could waste judicial time by limiting the need for oral evidence in election petitions. For the bill to ...

US floats price floor plan for critical minerals

HealthFebruary 5, 2026

...bal critical minerals market to a healthier, more competitive state,” including the establishment of reference prices at each stage of production. “We will establish reference prices for critical mine...

Solving Nigeria’s silent housing crisis

NewsFebruary 5, 2026

...uja, Port Harcourt and other urban centres have become arenas where rent spikes relentlessly, landlords and estate agents thrive on arbitrary fees, and ordinary citizens struggle to keep a roof over t...

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