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30 banks meet CBN recapitalisation rules 19 days to deadline

By Peter Egwuatu, Assistant Business Editor As at today, 12th March 2026, 30 banks out of the 35 banks operating in the country have met the recapitalisation requirement of the Central Bank of Nigeria, CBN, according to findings by Vanguard. The remaining five banks have 19 more days to meet the recapitalisation deadline which ends […]

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Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre

Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems.

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Dollar to Naira exchange rate today, March 11, 2026

The Nigerian Naira displayed a resilient stance against the US Dollar during the early trading sessions of Wednesday, March 11, 2026. Real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal trading channels indicate that the local currency is successfully navigating a period of heightened corporate demand, supported by the country’s robust foreign reserve […]

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Naira depreciates to N1,420 in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,410 per dollar on Monday. But the naira appreciated to N1,390.5 per dollar in the Nigerian Foreign Exchange Market,  NFEM. Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the naira fell to […]

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Nigerian newspapers review: How €2.3bn FG’s electricity project failed

In today’s Nigerian newspapers review programme, Today in the News, Vanguard’s lead headline states that even with the injection of €2.3billion (N3.7 trillion at current exchange rate) to the Presidential Power Initiative, PPI, the flagship electricity project has completely collapsed.

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