Nigerian Stock Market Gains N861bn as Blue-Chip Stocks Drive Strong Rally
The Nigerian stock market closed on a strong bullish note, adding about N861 billion in market value as renewed buying…
Day: April 24, 2026
Nigeria Fixed Income and Currency Markets Hit N193.2 Trillion Turnover in Q1 2026 Amid FX Surge
Nigeria’s fixed income and currency markets recorded a strong performance in the first quarter of 2026, with total turnover hitting…
European Stocks Dip as Iran Peace Talks Uncertainty Weighs on Markets; SAP Surges on Strong Earnings
European stock markets slipped on Friday as renewed uncertainty around U.S.–Iran peace negotiations dampened investor sentiment across the region. Despite…
CBN Seeks Private Sector Partnership to Boost Value Addition in Nigeria’s Raw Materials Sector
The Central Bank of Nigeria (CBN) has announced plans to deepen collaboration with the private sector to enhance value addition…
Nigeria Export Trade Struggles: Federal Constraints Undermine ₦128bn State Export Investments
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue to choke progress, even…
Dangote Targets East Africa With 650,000bpd Refinery Expansion Plan
Africa’s richest man, Aliko Dangote, has announced plans to construct a new 650,000 barrels-per-day refinery in East Africa, marking a…
NUPRC Appeals Court Ruling Over Dawes Island: Nigeria Moves to Protect Oil Investments and Sector Stability
Nigeria’s upstream oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has taken the Federal High Court’s recent decision on…
Lithium Supply Tightens as Prices Collapse and EV Demand Slows – Global Deficit Warning Grows
Lithium markets are heading toward a potential supply squeeze as analysts warn that a global deficit could emerge as early…
China’s DeepSeek Releases New AI Model as Global Tech Rivalry Intensifies
Chinese artificial intelligence startup DeepSeek has launched a new AI model on April 24, 2026, marking another major step in…
Cohere to Acquire Germany’s Aleph Alpha in Strategic Europe Expansion Push
Canadian artificial intelligence company Cohere has announced plans to acquire German AI startup Aleph Alpha, marking a major step in…
Meta layoffs: Tech giant to cut 8,000 jobs as 10% workforce reduction begins May 20
Meta Platforms is set to reduce its global workforce by about 10%, a move that will affect roughly 8,000 employees,…
Dangote Refinery Aviation Fuel Exports Hit 1.1 Billion Litres to Europe as Nigeria Supplies 95% of Jet A1 Demand
The Dangote Refinery and Petrochemicals has been described as a major stabilising force in Nigeria’s aviation sector, supplying over 95%…
VAT Disbursement Rises 30% to N551.77bn in February 2026 as States Record Broad-Based Growth
VAT allocations to Nigeria’s 36 states and the Federal Capital Territory climbed sharply in February 2026, rising by 30.36% month-on-month…
CBN and NEXIM Strengthen Partnership to Boost Non-Oil Exports and FX Earnings in Nigeria
The Managing Director and Chief Executive of the Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has held strategic talks with…
Oil price surge to $105 per barrel amid escalating Iran-US tensions over Strait of Hormuz
Oil prices climbed sharply to over $105 per barrel on Thursday, reversing earlier losses as renewed tensions between Iran and…
FG borrows N2.69tn from bond market in Q1 2026 as investor demand surges
The Federal Government raised a total of N2.69tn from the domestic bond market in the first quarter of 2026, supported…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in New 2026 Banking Policy
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing…
UK Targets £9 Billion Investment Push in Nigeria and Africa as BII Expands Frontier Market Strategy
The United Kingdom has unveiled plans to channel £9 billion in fresh capital into Nigeria and other African frontier markets…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as…
Sierra Leone Signs $225 Million Offshore Oil Deal with Marginal Energy to Boost Exploration
Sierra Leone has taken a major step toward revitalizing its oil and gas industry, signing a $225 million offshore exploration…
Investors Shift to State-Led Power Deals in Nigeria’s Electricity Market
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led power deals instead of relying on…
NCC Orders Telcos to Compensate Users for Poor Service as MTN Begins Payout
Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), has directed mobile operators to compensate subscribers affected by poor network service,…