Dangote Targets $50bn Valuation for Refinery Ahead of Landmark Pan-African Stock…
Nigeria’s richest man, Aliko Dangote, is setting an ambitious target for his flagship energy project, as the…
SEC Recapitalisation to Trigger Asset Management Consolidation in Nigeria
Nigeria’s asset management industry is set for a major shake-up as the ongoing Securities and Exchange Commission…
CBN Raises Governance Alarm Over Non-Interest Banks Amid Rising Islamic Finance…
The Central Bank of Nigeria (CBN) has issued a fresh warning to non-interest financial institutions over growing…
Nigeria Oil and Gas Sector Expansion: FG, Investors Push Offshore Growth, Refining…
Nigeria’s oil and gas sector expansion took center stage as President Bola Tinubu and top government officials…
Nigeria exported 485 million barrels of crude oil in 2025 amid rising refinery…
Nigeria exported about 485.44 million barrels of crude oil in 2025, representing roughly 82% of its total…
Nigeria Debt Risk Remains High Despite Temporary Relief, NESG Warns on Rising…
The Nigerian Economic Summit Group (NESG) has raised fresh concerns over Nigeria’s fiscal health, warning that the…
Oil Prices Surge Past $105 as Middle East Crisis Deepens Over Iran–US Standoff
Global oil prices climbed sharply on Monday as renewed tensions between the United States and Iran raised fears of…
Nigeria’s Device Market Shifts as 5G Adoption Lags Despite Speed Gains
Nigeria’s smartphone market is undergoing a noticeable shift as consumer behaviour changes and network realities…
NGX ETFs Rebound Strongly as Trading Value Hits N1.11 Billion Amid Renewed…
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) recorded a strong rebound in the week ended May…
Nigerian Stock Market Hits Historic 250,000 Points as Dangote Cement and Tier-One…
The Nigerian equities market extended its bullish momentum on May 11, 2026, breaking new ground as the All-Share…
Naira Slips to N1,375/$ as Dollar Strengthens on Middle East Tensions and Global…
The naira recorded a mild depreciation on Monday, closing at N1,375 per dollar in the official foreign exchange…
CBN Drains Record N30tn Liquidity as Election Spending Fears Mount
The Central Bank of Nigeria (CBN) has intensified its monetary tightening measures ahead of the 2027 election…
Nigeria Stock Market Crosses N160tn as Investor Confidence Drives Historic Rally
Nigeria’s equities market recorded a historic milestone on Monday as the market capitalisation of the Nigerian…
Aliko Dangote Eyes East Africa Refinery, Demands Strong Anti-Dumping Laws
Aliko Dangote has revealed that any plan to build a major refinery in East Africa will depend heavily on the…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
European Stocks Slide as U.S.-Iran Peace Hopes Fade, UK Political Crisis Deepens
European stock markets opened sharply lower on Tuesday as investor confidence weakened following renewed…
CBN Rallies State Governments for Inflation Targeting Reform to Stabilise…
The Central Bank of Nigeria (CBN) has called on state governments to play a stronger role in supporting the…
Nigeria Money Market Stays Liquid Despite CBN Tightening as Billions Flow in from…
Nigeria’s money market continued to show strong liquidity this week, even as the Central Bank of Nigeria maintained…
NNPC Clarifies China Refinery Deal: No Fresh Spending on Port Harcourt, Warri…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its recently signed agreement…
Nigeria Receives 164,000MT Imported Fuel Amid Fresh Petrol Import Licences and…
Nigeria has recorded the arrival of about 164,000 metric tonnes of imported petroleum products, as new cargo…
$7 Billion in Perfectly Timed Oil Trades Spark Insider Trading Investigation Fears
A wave of unusually well-timed oil trades totaling around $7 billion has triggered growing concerns over possible…
Nigerian Startups Raise $4m in April 2026 as Fintech Dominates Funding Amid Slow…
Nigeria’s startup ecosystem recorded a modest recovery in April 2026, attracting about $4 million in disclosed…
Uber Pushes Harder Into “Everything App” Race as Super App Strategy Accelerates
Uber is accelerating its long-standing ambition to evolve beyond ride-hailing into a full “super app,” as…
Canvas Breach Raises Shared Infrastructure Risk Concerns After Massive Education…
A major cybersecurity incident involving the e-learning platform Canvas has sparked fresh concerns about…
PFA grows revenue to N42.4 billion, declares N2 dividend
Access ARM Pensions has reported a strong financial performance for the 2025 fiscal year, its first…
Top Nigerian Banks Cut Lending by Nearly 25% as Economic Risks Rise
Nigeria’s banking sector is tightening its grip on lending as economic uncertainty, high interest rates, and…
Nigeria to Sanction Poor Telecom Operators as NCC Tightens Service Quality…
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has urged telecommunications…
US Imports $578.78m Worth of Nigerian Crude in Q1 2026 as Demand Slips
The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of…
CBN Urges States to Curb Overdraft Dependence as Inflation Targeting Reform…
The Central Bank of Nigeria (CBN) has called on state governments to reduce their dependence on overdrafts…
NGX Market Capitalisation Hits N157 Trillion as Investors Trade N324 Billion Worth…
The Nigerian stock market ended the week on a positive note as the Nigerian Exchange Limited recorded a 0.71…