Nigeria’s Foreign Reserves Climb Above $54 Billion to Highest Level Since 2008

Nigeria’s gross external reserves have climbed above $54 billion, reaching their highest level since December 2008 and giving the country a substantially larger foreign-exchange buffer. Latest data from the Central Bank of Nigeria (CBN) showed that gross external reserves stood at $54.61 billion as of September 14, 2026, compared with $45.57 billion at the beginning…

Lekki Port Operations Threatened as Traffic Gridlock Worsens

Operations around Nigeria’s Lekki Deep Seaport are facing growing pressure as worsening traffic congestion along the Lekki-Epe corridor continues to disrupt the movement of trucks and other vehicles serving the port. Stakeholders operating around the Lekki port axis say the persistent gridlock is beginning to affect cargo evacuation and could further undermine port operations if…

UK FCA Publishes Crypto Rulebook Ahead of September Authorisation Window

The UK Financial Conduct Authority (FCA) has published final guidance explaining which cryptocurrency activities will require regulatory authorisation under the country’s incoming cryptoasset regime. The guidance was released on September 16, just two weeks before the FCA’s new authorisation gateway opens on September 30, 2026. The new regulatory framework is scheduled to come fully into…