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31 reports from the FXRates desk
Nigeria's November 2025 Eurobond transaction raised $2.35 billion across maturities in 2036 and 2046. The borrowing supported fiscal financing, while adding dollar-denominated obligations whose naira cost remains sensitive to exchange rates over time.
The World Bank reported faster first-half growth in its 8 October 2025 Nigeria Development Update, while warning that better macroeconomic indicators had not yet brought enough relief to households facing high food costs and poverty.
The CBN's 23 September 2025 decision combined a half-point policy-rate cut with changes to bank reserve requirements. The historical decision illustrates how the bank balanced easing inflation with concerns about excess liquidity.
Nigeria's July 2025 national-accounts update broadened the picture of its economy. The finance ministry highlighted digital and creative activity, a larger services role and the need to turn measured growth into jobs and incomes.
United Capital's unaudited results show nine-month pre-tax profit of N41.58 billion, with investment income and fee earnings rising. The reporting period ended on 30 September 2026.
FMDA's 26 October review reports ₦6.936 trillion of system liquidity for the week ended 23 October, alongside lower average Treasury-bill yields. These are dated observations, not live quotes.
First HoldCo's unaudited nine-month results show stronger profit alongside weaker net interest income, offering a mixed picture of banking earnings.
The CBN's April 2026 recapitalisation announcement reported ₦4.65 trillion raised and 33 banks meeting revised capital requirements. Domestic investors supplied most of the funds, with further regulatory processes continuing for some institutions.
Honeywell says its new AI platform will launch first at Dangote's Lekki refinery. Its projected operational benefits remain preliminary, gross estimates rather than achieved savings.
Eni says APEX has acquired its Nigerian AENR subsidiary, which holds a 5% Renaissance joint-venture interest. The sale price was not disclosed.
Nigeria's 2025 licensing round opened on 1 December with 50 oil and gas blocks available. The programme sought new investment and production capacity, but licences and exploration activity do not immediately translate into export earnings.
Nigeria was among 12 countries presenting energy compacts at the January 2025 Mission 300 summit. Partners pledged more than $50 billion across Africa, linking electricity access reform with investment and potential business productivity gains.
Unilever Nigeria's NGX notice sets a 30 October shareholder qualification date and 18 November payment date for its ₦2-per-share interim dividend.
Transcorp Group's unaudited nine-month results show lower revenue and profit despite a wider pre-tax margin. Management attributes pressure on its power business to transmission and gas constraints.
International Breweries' unaudited nine-month results show pre-tax profit up 21.9% but net profit down 5.7%, as a larger income-tax expense offsets operating gains.
Nigeria's telecom regulator approved tariff adjustments capped at 50% in January 2025. The decision addressed operators' rising costs, while consumer authorities required clearer pricing and measurable service improvements for households and businesses.
An 81-kilometre section of the Abuja–Kaduna highway was inaugurated on 24 October. The transport milestone concerns part of the wider northern corridor; the sources do not establish completion of the entire route or measured logistics savings.
Afreximbank reported $813.5 million in nine-month net income and $36.2 billion in net loans. Its Nigerian financing role provides context, but the results do not announce a new Nigeria-specific allocation.
UNCTAD reports higher global investment values but fewer new projects. Nigeria's power-financing needs explain the relevance; the findings are not a measure of Nigerian inflows.
The IMF's October 2025 forecast projected global growth of 3.2% in 2025 and 3.1% in 2026. Its warnings about trade uncertainty and financial vulnerabilities were relevant to Nigeria's external economic exposure.
Eight OPEC+ producers agreed on 5 October 2025 to unwind another 137,000 barrels a day of voluntary cuts in November. For Nigeria, the decision mattered through oil revenues and foreign-exchange supply expectations.
Every report links to its sources. Event dates stay separate from publication dates, and forecasts stay separate from facts. All reports are by the FXRates editorial desk.
Credits for the covers used in this edition. Reference photographs illustrate a subject and do not depict the reported event.
