Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd Target
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February 2026, down sharply…
Day: March 18, 2026
Eight Stocks Dominate Nigerian Stock Market, Driving 61% of N127 Trillion Capitalisation
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its…
Transcorp Reports N544 Billion Revenue and N179.5 Billion Profit on Diversified Growth
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year, reporting a revenue of N544.41 billion…
Nigeria’s Diaspora Remittances Surge 97% YoY to $107.47 Million in January 2026
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025 and maintaining strong momentum into…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the…
Exchange Rate Stability and Rising Demand Boost Nigerian Business Confidence – CBN Survey
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing cost pressures, and expectations…
Refineries spend N5.7tn on foreign oil despite naira-for-crude policy
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even as domestic refineries…
NovaGrad Uses AI to Simplify Study Abroad Planning for African and Latin American Students
NovaGrad, an artificial intelligence-powered platform from UK-based Prodigy Finance, is transforming how students from Africa and Latin America approach studying…
CBN’s New AML Rules Push Banks Toward Automation: Local AI Platform Leads Compliance Drive
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions across the country’s financial…
Google’s Data Center Power Strategy: 2.7 GW of Clean Energy Planned for Michigan
Google is taking a major step toward powering its data centers with clean energy, signaling a clear strategy months in…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and Economy
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary…
CBN Raises N3 Trillion in Two Weeks Through Treasury Bills Amid Fiscal Pressures
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on…
European Stocks Rise Ahead of Fed Rate Decision Amid Oil Market Volatility
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal Reserve’s upcoming policy announcement.…
Global Investor Confidence Boosts Nigeria’s Equity Market – Temi Popoola
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and…
Middle East Tensions Disrupt Fuel Supply to Nigeria, Africa Faces Shortage Risk
Escalating tensions in the Middle East are beginning to ripple across global energy markets, with Nigeria and several African nations…
SEC Shuts Down 400 Fraudulent Investment Schemes in Nigeria, Intensifies Investor Protection Efforts
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over the past three years,…
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the…
Oil Prices Surge to $100 Amid Strait of Hormuz Tensions as Trump Criticizes NATO Allies
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel, driven by…
Dangote Refinery, Marketers Partner to Strengthen Fuel Supply in Nigeria
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to ensure steady nationwide…