Naira Outperforms African Currencies Despite Rising FX Pressure
Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global financial…
Month: April 2026
Dividend Inflows and Earnings Optimism Drive Nigerian Equities Market Gains This Week
Financial analysts are projecting another positive week for the Nigerian equities market, as fresh dividend inflows and rising optimism around…
PenCom Policy Review Sparks N15.53 Trillion Nigerian Stock Market Rally in 14 Sessions
Nigeria’s equities market recorded a remarkable surge, adding about N15.53 trillion in value over 14 consecutive trading sessions. The rally…
CSCS Deepens Market Infrastructure Investment, Declares N1.78 Dividend Amid Expansion Drive
The Central Securities Clearing System Plc (CSCS) has reaffirmed its commitment to strengthening Nigeria’s capital market infrastructure through sustained investments…
United Capital approves N18 billion dividend payout for FY 2025 shareholders
United Capital Group has approved a total dividend payout of N18 billion for the 2025 financial year, rewarding shareholders with…
Asia Markets Hit Record Highs as Japan and South Korea Stocks Surge Despite U.S.-Iran Tension Standoff
Asia-Pacific stock markets mostly climbed on Monday, with Japan and South Korea leading the charge as investors appeared largely unfazed…
No New Vehicle Tax Introduced by Federal Government, NRS Clarifies Viral Claim
The Nigeria Revenue Service (NRS) has debunked a viral social media infographic suggesting that the Federal Government has introduced a…
Bank Recapitalisation in Nigeria: Tinubu Commends CBN’s Cardoso Over Bold Financial Reforms
President Bola Ahmed Tinubu has commended the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for his ongoing…
CBN Mops Up N2.8 Trillion from Banks to Tighten Liquidity and Stabilise Naira
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilise the foreign exchange market and control inflation by…
Dangote Refinery Expansion to Create 95,000 Jobs as Capacity Hits 1.4 Million Barrels Per Day
Aliko Dangote, President of the Dangote Group, has announced that the ongoing expansion of the Dangote Petroleum Refinery will generate…
Global Gas Pricing Boosts Nigeria LNG Expansion Amid Underinvestment Challenges
Global gas pricing trends are creating new opportunities for gas-producing nations, with Nigeria emerging as a key potential beneficiary. However,…
Europe Emerges as Key Buyer of U.S. Strategic Petroleum Reserve Oil Amid Global Supply Strain
Europe has become a major destination for oil released from the U.S. Strategic Petroleum Reserve (SPR), as global energy markets…
Fintech Summit 2026: Stakeholders Map AI-Driven Financial Ecosystem in Africa
Stakeholders across Nigeria’s financial and technology sectors gathered in Lagos over the weekend for the Fintech Summit 2026, where conversations…
AI Talent War Intensifies as Top Software Executives Defect to OpenAI and Anthropic
The battle for artificial intelligence dominance is reshaping the global tech workforce, with several top executives from major software companies…
NNPC Denies Selling Refinery Scrap, Warns Public Against Fraudulent Claims
The Nigerian National Petroleum Company Limited (NNPC) has dismissed reports circulating online and in some circles claiming it is selling…
Nigeria’s Top Firms Pay Record N2.32 Trillion in Taxes as Banks Drive Corporate Contributions
Nigeria’s largest listed companies have set a new tax record, collectively paying N2.32 trillion in corporate income taxes in 2025,…
NUPRC Urges Local Refiners to Acquire Oil Blocks to Strengthen Crude Supply Chain
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has encouraged members of the Crude Oil Refinery Owners Association of Nigeria (CORAN)…
NGX Market Rallies as Financial Services Sector Drives N213bn Weekly Equity Turnover
The Nigerian Exchange Limited (NGX) recorded a stronger trading week as investors exchanged a total of 3.8 billion shares worth…
Dangote, Saudi Ambassador Explore Energy and Infrastructure Investment Opportunities
Aliko Dangote, chairman of the Dangote Group, recently met with Yousef bin Mohammed Al-Balawi to discuss expanding investment opportunities in…
European Markets Mixed as Iran Peace Proposal Fuels Oil Rally, Investor Caution
European stock markets opened the week on a cautious note, with trading mixed as investors weighed fresh geopolitical developments involving…
Nigeria’s Crude Oil Prices Surge Above $113 as Iran Crisis Disrupts Global Supply
Nigeria’s crude oil grades have rallied sharply as tensions in the Middle East continue to disrupt global energy supply chains.…
Alleged Fast Credit Data Breach Sparks Fresh Cybersecurity Fears in Nigeria’s Financial Sector
A fresh alleged data breach has surfaced in Nigeria’s financial sector, with Fast Credit Finance Company Limited reportedly targeted by…
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…
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…