Dangote Refinery Threatens Fuel Export Amid Fresh Petrol Import Licences
Nigeria’s energy landscape faces a potential shake-up as the Dangote Petroleum Refinery considers exporting all its petrol, diesel, and jet…
Day: March 23, 2026
FX Trades Push FMDQ Turnover to N60.77tn in January 2026
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened liquidity and strong institutional…
Dangote Refinery Boosts African Fuel Supply with 456,000-Tonne Export to Ghana, Togo, and More
The Dangote Petroleum Refinery has marked a major milestone with the export of 12 cargoes of refined petroleum products, totaling…
Nigeria’s Inflation Relief at Risk as Global Energy Shocks Threaten Prices
Nigeria’s headline inflation dipped slightly to 15.06% year-on-year in February 2026, down from 15.10% in January, offering a glimmer of…
Seplat Energy and Nestle Lead Nigerian Stock Market as Highest Priced Shares on NGX
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX),…
Middle East Crisis Could Push Nigeria’s Inflation to 16% – Afrinvest Analysts
Analysts at Afrinvest West Africa have cautioned that Nigeria’s recent progress in taming inflation could be undone, projecting that headline…
Elon Musk Reveals “Terafab” Chip Factory Plan for Tesla and SpaceX
Elon Musk has unveiled plans for a groundbreaking chip manufacturing initiative that will serve both Tesla and SpaceX. Speaking at…
Nigeria’s Petrol Import Bill Falls to $10 Billion as Domestic Refining Boosts Energy Self-Sufficiency
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a major…
N3.4 Trillion Agric Credit Scheme Boosts Nigerian Farmers in 2025
In 2025, Nigerian farmers tapped into agricultural credit schemes totaling N3.4 trillion, the federal government has revealed, as part of…
NGX Launches NGX30U6 and NGXPENSIONU6 Futures to Boost Investor Tools
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing investors with sophisticated tools…
Nigerian Stock Market Poised for Gains as Earnings Releases Drive Investor Confidence
The Nigerian equities market is set for a strong week as investors show renewed confidence ahead of key earnings releases…
Nigerian DisCos Record N2.4 Trillion Loss Amid Worsening Electricity Blackouts
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the past two years, worsening the nation’s…
SEC Nigeria Sets Six-Week Deadline for Capital Market Operators to Submit Recapitalization Plans
Nigeria’s Securities and Exchange Commission (SEC) has set a strict six-week deadline for all capital market operators (CMOs) to submit…
Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Shifting Energy Landscape
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024, according…
Fuel Price Surge in Nigeria Strains Households and Businesses Amid Middle East Tensions
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with Lagos stations selling…
CBN Recapitalisation Deadline: Nigerian Banks Race to Meet March 31 Capital Target
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the…
European Markets Slide as Trump’s Hormuz Deadline Rattles Investors
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran intensify, sending shockwaves…
NGX Records 8.76bn Shares Traded in Three Days as ICT Sector Drives Market Surge
The Nigerian Exchange Limited (NGX) recorded a remarkable surge in trading activity last week, with investors exchanging 8.761 billion shares…
Dangote Refinery Exports Fuel Across Africa Amid Supply Crisis
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of refined petroleum products totaling 456,000…
CBN Targets Single-Digit Inflation as Nigeria Shifts to New Monetary Policy Framework
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing inflation down to single digits,…