Nigeria Secures $1.3 Billion Alumina Refinery Deal with AFC to Boost Mining Sector
In a major stride for the country’s mining industry, the Federal Government of Nigeria has signed a $1.3 billion investment…
Day: March 2, 2026
Investors Gain N17.5 Trillion in February as Nigerian Stock Market Surges
Investors in Nigeria’s stock market enjoyed a substantial boost in February 2026, with gains totaling N17.5 trillion as equities hit…
Nigeria Spends N6.32 Trillion on Domestic Debt in 9 Months Amid Rising Interest Costs
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and September 2025, surpassing the…
Naira Depreciates to N1,368/$ Following CBN’s 304th MPC Meeting
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the Central Bank…
Rising Public Debt Clouds CBN Rate Cut Despite Economic Gains
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt profile, even as the Central…
Crude-Backed Loans Tie Up N8.36tn of Nigeria’s 2025 Oil Revenue
Nigeria’s crude oil production in 2025 saw nearly 15% of output effectively pre-committed to servicing crude-backed loan facilities, amounting to…
OpenAI Secures Pentagon AI Deal Amid Controversy, Outlines Safety Safeguards
OpenAI has revealed new details about its recent agreement with the Pentagon, addressing concerns over ethics and safety in deploying…
N5tn Bank Recapitalisation Set to Transform Nigeria’s Financial Sector
Nigeria’s banking sector is poised for a major transformation as the Central Bank of Nigeria (CBN) nears completion of a…
Nigerian Stock Market Surges with N17.6 Trillion Gain in February 2026
The Nigerian stock market recorded historic growth in February 2026, with investors collectively gaining N17.6 trillion, marking the largest monthly…
Dangote Refinery Appoints Stanbic IBTC, Vetiva, and First Capital for Record-Breaking NGX Listing
The Dangote Group has officially appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital as lead issuing houses for…
Oil Prices Surge Toward $80 Amid Middle East Tensions – Global Markets on Edge
Oil prices surged sharply on Monday as escalating military tensions between the United States, Israel, and Iran sparked concerns of…
OpenAI and Amazon Launch $50 Billion AI Partnership to Revolutionize Enterprise Intelligence
In a move set to reshape the global artificial intelligence landscape, Amazon and OpenAI have unveiled a multi-year strategic partnership,…
OPEC+ Raises Oil Production Amid Middle East Tensions, Markets Watch Strait of Hormuz
Key members of OPEC+ have announced a higher-than-expected increase in oil production quotas, raising the stakes amid growing Middle East…
Nigeria’s Agriculture Sector Hits N101.46tn Turnover as Investment Boosts Growth
Nigeria’s agriculture sector achieved a remarkable N101.46tn turnover in 2025, up from N96.46tn in 2024, signaling a strong rebound driven…
House of Representatives to Hold Public Hearing on Nigeria Fintech Regulatory Commission Bill
The Nigerian House of Representatives has announced a public hearing on a bill seeking to establish a fintech regulatory commission,…
Nigeria Must Develop Homegrown AI or Face Stunted Growth, Experts Warn
Nigeria is being urged to go beyond regulating artificial intelligence and actively invest in homegrown AI development to safeguard its…
Dangote Port Sparks Nigeria’s Revival as a Global Fuel Exporter
Nigeria’s long-standing paradox of being Africa’s largest crude producer yet a major fuel importer is quietly shifting off the coast…
NGX Surges 16.60% in February as Oil & Gas Stocks Lead Broad Market Rally Toward 200,000 Mark
The Nigerian stock market delivered a strong performance in February 2026, with the All-Share Index climbing 16.60% to close at…
Global Markets Tumble as U.S.-Israel Strikes on Iran Trigger European Stock Slump
European stock markets are bracing for a sharp downturn at the start of the trading week following major military strikes…
Foreign Transactions on Nigerian Exchange Plunge 75% as Block Trades Disappear
Foreign investor activity on the Nigerian Exchange Limited fell sharply in January 2026, with total foreign transactions dropping by a…
NGX Loses N1.40tn as Bearish Sentiment Dominates Market
Nigeria’s equities market ended February on a weak note as bearish sentiment swept across the trading floor of the Nigerian…