Nigeria, Thailand Deepen Push for Agriculture and Technology Partnerships
Nigeria and Thailand are moving to strengthen their bilateral relationship, with agriculture, technology, renewable energy, commerce and other strategic sectors…
CSCS Slashes Fees, Removes Family Transfer Charges to Attract More Retail Investors
The Central Securities Clearing System (CSCS) has announced a fresh round of fee reductions aimed at making Nigeria’s capital market…
CBN Focuses on Macro Stability as High Rates Attract Foreign Investors
Nigeria’s monetary policy is being driven more by the need to protect macroeconomic stability than by efforts to attract foreign…
EBRD Invests $8m in Ventures Platform Fund to Back Nigerian, African Startups
The European Bank for Reconstruction and Development (EBRD) has invested $8 million in Ventures Platform Pan-African Fund II, backing early-stage…
Tinubu Backs $3.1bn AfCFTA Customs Modernisation Project to Boost African Trade
President Bola Ahmed Tinubu has thrown his weight behind the $3.1 billion AfCFTA Customs Modernisation Project, describing the initiative as…
FG Targets 8,000MW Electricity Supply by 2027 as Nigeria Deepens Power Reforms
The Federal Government has set an ambitious target of 8,000 megawatts (MW) of electricity generation and transmission by the end…
Dangote Refinery Raises Alarm Over Rising Petrol Imports Despite Local Supply Capacity
The Dangote Petroleum Refinery has raised concerns over what it described as the rising volume of imported petrol entering Nigeria,…
AI could make many jobs disappear forever, Bill Gates warns
Artificial intelligence could trigger one of the biggest disruptions to employment in modern history, with Microsoft co-founder Bill Gates warning…
Nigerian Equities Market Loses N260bn as Selling Pressure Weighs on Investors
The Nigerian equities market closed lower as renewed selling pressure and profit-taking dragged investor wealth down by N260 billion at…
Nvidia Forecast Sends Nasdaq Higher as Chip Stocks Rally
The Nasdaq Composite climbed 0.8% on Thursday, leading gains across major U.S. stock indexes after Nvidia delivered a stronger-than-expected earnings…
Nigeria’s Manufacturing Sector Still Stuck Below 10% of GDP After a Decade of Reforms
Nigeria’s manufacturing sector is struggling to break through a ceiling that has persisted for years. Despite successive government reforms and…
Despite Cashless Policy, Nigeria’s Currency in Circulation Hits N5.73 Trillion as Inflation Erodes Value
Nigeria’s currency in circulation has jumped 72.4% in five years to N5.73 trillion, highlighting a surprising trend in an economy…
Meta Agrees to $18 Billion Settlement Over Claims Its Platforms Harm Children
Meta has agreed to an $18 billion settlement with 52 US attorneys general following claims that Facebook and Instagram have…
FG Disburses N600bn to 10 Million Households in Cash Transfer Programme
The Federal Government has disclosed that more than N600 billion has been disbursed to over 10 million households across Nigeria…
22% of NGX equity transaction volume executed via mobile trading platform
Mobile trading is changing the way Nigerians participate in the stock market, with Bamboo accounting for about 22 per cent…
Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session
The Nigerian equities market extended its losing streak on Wednesday, August 26, with investors continuing to sell off stocks across…
Nigeria’s Foreign Reserves Cross $53 Billion, Hit Highest Level Since 2009
Nigeria’s foreign reserves have climbed above $53 billion for the first time in more than 17 years, reaching $53.11 billion…
Nigeria’s Petrol Consumption Falls 25% in July as Fuel Supply Slows — NMDPRA
Nigeria’s petrol consumption dropped sharply in July 2026, falling by 25% to 35.7 million litres per day (lpd), according to…
MTN Plans 150MW AI Data Centres in Nigeria and South Africa With UAE-Backed Investor
MTN Group is stepping deeper into Africa’s booming artificial intelligence space, with plans to develop AI-enabled data centres with an…
Dangote Refinery Pushes Nigeria’s Petroleum Exports to Record High
Nigeria’s petroleum product exports have reached a record level, with seaborne shipments surging seven-fold since 2023 as the Dangote Refinery…
19 Nigerian Oil Licences Face 2026 Expiry as NUPRC Pushes Fresh Investment
Nineteen oil licences in Nigeria’s upstream oil and gas sector have stated expiry dates falling within 2026, according to the…
Fixed-Income Trades Surge To N10.5trn As Investors Chase Higher Yields
Nigeria’s fixed-income market recorded a sharp increase in trading activity last week, with transactions climbing to N10.51 trillion as investors…
IMF Warns Excessive Regulation, Weak Institutions Could Slow G20 Growth
The International Monetary Fund (IMF) has warned that excessive regulation and weak institutions could hold back economic growth across G20…
Top 10 Stockbrokers Control Nearly 60% of NGX Trading Activity
Nigeria’s stock market saw a significant concentration of trading activity among its leading brokerage firms between August 17 and 21,…
FG Raises N7.62tn Through Domestic Bond Market in Eight Months
The Federal Government has raised N7.62tn from the domestic bond market between January and August 2026, highlighting its growing reliance…
Stocks Rise as Oil Prices Slip Amid Growing Iran Tensions
Global stocks gained on Tuesday while oil prices eased as investors weighed the United States’ latest economic pressure on Iran…
OpenAI Data Center Chief Exits as Executive Turnover Raises Fresh Questions
OpenAI is facing another high-profile executive departure, with its former head of data centers, Chris Malone, leaving the company after…
CBN Offers N700bn Treasury Bills as Investors Watch Interest Rates
The Central Bank of Nigeria (CBN) is set to offer N700 billion in Treasury Bills today, August 26, 2026, in…
Domestic Refineries Turn to Imports as Crude Supply Falls 25.4% in July
Crude imports by domestic refineries surged by 151.5 per cent in July 2026, rising to 5.13 million barrels from 2.04…
FX Turnover Surges 146% to $5.05bn as Nigeria’s Forex Market Sees Stronger Activity
Nigeria’s foreign exchange market recorded a major jump in activity as total FX turnover surged by 146.12 per cent to…