China, US, and Key Global Players Dominate Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated, underlining the country’s continued reliance on foreign suppliers…
Day: March 13, 2026
Tinubu’s Economic Reforms Push Nigeria’s Poverty Rate to 63% – Report
Economic reforms under President Bola Tinubu have pushed Nigeria’s poverty rate to a staggering 63%, according to a recent report…
Oil Prices Surge Past $100 Amid Gulf Crisis: Brent Closes at $99
Oil prices experienced wild swings on Thursday as geopolitical tensions in the Gulf sent shockwaves through global markets. Brent crude…
Oil Prices Soar Above $100 Amid Middle East Crisis, Millions Displaced in Iran
Oil prices have rebounded above $100 per barrel as the U.S.-Israel war on Iran enters its second week, fueling fears…
US Grants 30-Day Waiver to Sell Stranded Russian Oil Amid Global Price Surge
The United States has issued a temporary 30-day waiver allowing countries to purchase Russian oil stranded at sea, in a…
Nigerian Innovators Showcase Tech Solutions to Solve Africa’s Challenges
Young Nigerian tech innovators are taking center stage in the race to solve Africa’s pressing problems. At the AfriVatech iResearch…
Top Money Market Mutual Funds in Nigeria by YTD Yields – February 2026
Nigeria’s mutual fund industry continues its steady growth as investors seek structured investment options that balance returns, liquidity, and capital…
NGX Group, CSCS, WIMBIZ Champion Women’s Empowerment Through Capital Markets
Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and Women in Management, Business…
Petrol Price Hikes in Nigeria Hit Poor Families Hardest, Says Agora Think-Tank
Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a new report by the Agora…
Petroleum Subsidies and FX Distortions Cost Nigeria 6% of GDP – CBN Reveals Economic Recovery
Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange distortions drained resources equivalent to…
FG Cuts Domestic Debt Service by 38% in January 2026, Signaling Stronger Fiscal Management
The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending $405.3 million in January 2026—a…
Nigeria’s Treasury Bills Auction Hits N2.78 Trillion Subscriptions, Oversubscribes N850 Billion Offer
Nigeria’s latest Treasury Bills (T-Bills) Primary Market Auction, conducted by the Central Bank of Nigeria (CBN) on March 11, 2026,…
SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot Gold-Backed Innovations
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod) in its…
CBN-Led Bank Recapitalisation Boosts Nigeria’s Path to a $1 Trillion Economy
The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to conclude by…
Nigeria’s Economy Resilient Amid US-Iran Tensions, Says CBN Governor
Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to Governor of the…
Transcorp Hotels and BUA Cement Boost Nigerian All-Share Index by N600 Billion
The Nigerian stock market returned to bullish territory on March 12, 2026, with the All-Share Index (ASI) gaining 1,010.2 points…
Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s (CBN)…
NERC Orders N20.33bn Meter Refunds as DisCos Face Mounting Liquidity Pressure
Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian Electricity Regulatory Commission directed them to refund…
Asia-Pacific Markets Tumble as Middle East Conflict Drives Oil Prices Above $100
Asia-Pacific stock markets fell sharply on Friday as investors reacted to soaring oil prices and growing fears that a prolonged…
Nigerian Stock Market Rebounds with N649bn Gain as Investor Confidence Returns
The Nigerian equities market rebounded on Thursday, adding N649bn to investors’ wealth after reversing losses recorded in the previous two…
Nigerian Breweries Acquires 29% Stake in Ogun Plastic Recycling Project to Boost Sustainability
Nigerian Breweries Plc has acquired a 29% stake in a recycled Polyethylene Terephthalate (rPET) production facility in Ogun State, marking…