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Day: February 17, 2026

Home Archives for February 17, 2026 Page 2
Food Price Declines Drive Inflation to 15.10%
Posted inBusiness

Food Price Declines Drive Inflation to 15.10%

According to the National Bureau of Statistics, Nigeria's headline inflation rate fell to 15.10 percent in January. According to the Bureau's monthly inflation report, the headline inflation rate decreased from…
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Posted by Taiwo Ayomide February 17, 2026
OPay Continues to Win the Fintech Company of the Year Award from Leadership
Posted inBusiness

OPay Continues to Win the Fintech Company of the Year Award from Leadership

Opay, a Fintech business, has won the title of Fintech Company of the Year 2025 for the second year in a row. The company, which was the sole fintech to…
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Posted by Taiwo Ayomide February 17, 2026
In Q3 2025, Nigeria’s $6 billion foreign capital inflow is driven by FPIs.
Posted inBusiness

In Q3 2025, Nigeria’s $6 billion foreign capital inflow is driven by FPIs.

According to data from the National Bureau of Statistics, Nigeria imported $6.014 billion worth of capital in the third quarter of 2025. A study stated that the amount represents a…
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Posted by Taiwo Ayomide February 17, 2026
Nigeria Imports $4 Billion in Cotton Every Year, Says CEO of Arewa Cotton
Posted inBusiness

Nigeria Imports $4 Billion in Cotton Every Year, Says CEO of Arewa Cotton

In addition to serving as the president of the National Cotton Association of Nigeria (NACOTAN), Anibe Achimugu is the managing director of Arewa Cotton and Allied Products Limited. He discusses…
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Posted by Taiwo Ayomide February 17, 2026
Expectations of the Market 82 Recapitalized BDCs Receive $150,000 Every Week, Improving FX Liquidity
Posted inBusiness

Expectations of the Market 82 Recapitalized BDCs Receive $150,000 Every Week, Improving FX Liquidity

After the Central Bank of Nigeria (CBN) decided to allow 82 recapitalized Bureau De Change (BDC) operators to access up to $150,000 per week from the Nigerian Foreign Exchange Market…
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Posted by Taiwo Ayomide February 17, 2026
Dangote Signs $400 Million Equipment Agreement to Expand Refinery
Posted inBusiness

Dangote Signs $400 Million Equipment Agreement to Expand Refinery

One of China's top producers of construction equipment, XCMG Construction Machinery Co., Ltd., has inked a $400 million contract with the Dangote Group. This is a part of the plan…
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Posted by Taiwo Ayomide February 17, 2026

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