GTCO Leads Rally as Nigerian All-Share Index Tops 193,000 Points
The Nigerian stock market ended the trading session on a high note on February 19, 2026, with the All-Share Index climbing 2,645.6 points to settle at 193,073.6, crossing the 193,000…
PENGASSAN Rejects Tinubu’s Executive Order on Oil Revenues, Warns of Investor Fallout
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious objections to President Bola Tinubu’s recent executive order directing all oil and gas revenues to be…
Nigeria Eyes 18% Tax-to-GDP Ratio Through Digital Reforms – Finance Minister Edun
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of tax reforms and digitalization initiatives, Finance Minister and Coordinating Minister…
FMDQ Exchange Records N676.7 Trillion Turnover in 2025, Signals Strong Market Growth
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ Exchange in 2025, according to data published on the Exchange’s official website. The…
Nigeria’s Borrowing Costs Fall as Treasury Bills and FGN Bonds Rally on Strong Investor Demand
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on Treasury Bills (NTBs), Open Market Operation (OMO) bills, and Federal Government of Nigeria (FGN)…
Nvidia Expands India AI Startup Partnerships to Capture Early-Stage Growth
Nvidia is intensifying its push into India’s rapidly growing artificial intelligence ecosystem, moving earlier than ever to engage with startups — sometimes even before they are formally incorporated. The chipmaker’s…
US Capital Inflows to Nigeria Jump 566% to $2.23bn Despite Trade Tensions
Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, marking a dramatic 566 per cent increase compared to the same period in…
Naira Hits Two-Year High at N1,347/$ as FX Liquidity Improves
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market, according to a macroeconomic update by financial advisory firm CardinalStone. The…
Investors Gain N1.7tn as Banking and Industrial Stocks Rally on Nigerian Exchange
Investors gained N1.7 trillion at the close of trading on Thursday as renewed buying interest in banking and industrial stocks pushed the market to a fresh weekly high on the…
Net Zero in Oil & Gas: Industry Leaders Outline Practical Strategies at DECARBON 2026
Oil and gas industry leaders have emphasized that achieving net zero in oil and gas operations requires more than ambition — it demands clear targets, strategic planning, and coordinated execution.…
Nigerian Stock Market Loses N577bn as Investors Take Profits – NGX ASI Dips 0.47%
The Nigerian stock market yesterday experienced a significant pullback, halting its 11-day winning streak as investors engaged in profit-taking. Market capitalisation dropped by N577 billion, signaling a pause in the…
Dawes Island Field Success Signals Growing Confidence in Nigerian Indigenous Oil Firms
Petralon Energy has received high praise from Shell Western Supply and Trading for successfully developing the Dawes Island Field, a milestone that signals growing confidence in Nigerian indigenous oil firms.…
CNG Stations Rollout Falls Short of 2025 Target Despite $2B Investment in Nigeria
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious Compressed Natural Gas (CNG) initiative is falling short of its 2025 infrastructure goals.…
Elon Musk’s xAI Secures $3 Billion from Saudi Firm Humain, Strengthening AI and SpaceX Ties
Elon Musk’s artificial intelligence venture, xAI, has secured a staggering $3 billion investment from Saudi Arabian AI company Humain. This deal is one of the largest single-ticket investments in a…
European Stocks Slip as Airbus and Renault Earnings Shake Markets
European markets opened lower on Thursday as investors closely analyzed earnings reports from major companies including Airbus, Renault, and Nestle. The pan-European Stoxx 600 hovered just below the flatline, while…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global Engagement
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures reaching $672.27 million in the first nine months of 2025—a 366% increase from $144.19…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says Afreximbank
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address Africa’s $80–120 billion annual trade finance gap. Speaking at the Ecobank Customer Forum…
Unpaid Electricity Bills Hit N6 Trillion as Nigeria’s Power Sector Faces Liquidity Crisis
Nigeria’s power sector is facing a deepening financial crisis as electricity generation companies, under the Association of Power Generation Companies (GenCos), report that unpaid electricity bills have now climbed to…
Naira Depreciates to N1,340/$ as Parallel Market Hits N1,400/$ Amid Dollar Strength
The Nigerian naira recorded a marginal depreciation on Wednesday, trading at N1,340/$ at the official market, down from N1,337/$ the previous day. According to the Central Bank of Nigeria (CBN),…
NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP) issuance on the Nigerian Exchange Limited (NGX). The listing includes Series 1 and…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa to play a leading role in driving the continent’s industrialisation…
FCMB Drives NGX Rebound as Shares Worth N35.8 Billion Trade on Customs Street
The Nigerian Exchange (NGX) rebounded strongly on Wednesday, February 18, 2026, closing 1,106.72 points higher at 190,427.96. This 0.58% increase from Tuesday’s close of 189,321.24 highlighted renewed bullish sentiment, as…
FG Targets 15% Trade Cost Reduction with New Industrial Policy to Boost Made-in-Nigeria Exports
The federal government has rolled out an ambitious industrial policy aimed at reducing trade costs in Nigeria by at least 15 percent. Launched on Tuesday by the Ministry of Industry,…
Nigeria’s Crude Oil Production Hits 1.64mbpd in 2025 Amid Rising Local Investment
Nigeria’s crude oil production surged to 1.64 million barrels per day (mbpd) in 2025, marking a 5.8% increase from 1.55 mbpd in 2024, according to the Independent Petroleum Producers Group…
NNPC Gas Master Plan 2026: Nigeria Set to Boost Gas Supply by 1.8 Bcf/d
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to increase the country’s gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026…
OpenAI Partners with Pine Labs to Accelerate AI-Driven Fintech in India
OpenAI is deepening its presence in India with a strategic partnership with Pine Labs, aiming to bring AI-powered automation to the country’s fintech ecosystem. The collaboration will integrate OpenAI’s AI…
Nigeria’s Foreign Reserves Hit $48.5bn, Highest Level Since 2013
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013. According to data from the Central Bank of Nigeria (CBN), the country’s external reserves…
Tinubu Executive Order on NNPCL Revenue Remittance Signals Major Oil Sector Reform
President Bola Tinubu has signed a sweeping Executive Order suspending the collection of management and frontier exploration fees by the Nigerian National Petroleum Company Limited (NNPCL) and directing the full…
Nigeria’s World Bank IDA Debt Rises to $18.7bn as External Borrowing Pressures Mount
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank, climbed to $18.7bn as of December 31, 2025, reflecting a $1.9bn increase within one…
NRS E-Invoicing Rollout for Medium Taxpayers Begins April 2026
The Nigeria Revenue Service (NRS) has announced that it will extend its electronic invoicing system to medium and emerging taxpayers beginning April 2026, marking the next phase in the agency’s…