CBN Reforms Strengthen Nigeria’s Economy Amid Global Shocks
Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle…
Day: May 5, 2026
NGX Recovers Over N500m for Investors, Strengthens Market Integrity in Nigeria
The NGX Regulation Limited (NGX RegCo) has recovered more than N500 million for investors, reinforcing its commitment to investor protection…
Nigerian Stock Market Gains N63bn as May Trading Opens on Bullish Note
The Nigerian stock market kicked off trading for the month of May on a positive note, recording a gain of…
Lafarge Africa Declares N96.64bn Dividend for FY2025 as Profit Surges
Lafarge Africa Plc has announced a total dividend payout of N96.64 billion to its shareholders for the 2025 financial year,…
Naira Rebounds in April 2026, Gains N51 as FX Volatility Eases and Market Confidence Returns
The Nigerian naira recorded a notable recovery in April 2026, marking its first monthly gain for the month of April…
Bank Deposits with CBN Drop to N92.32trn After Interest Rate Cut as Liquidity Strategy Shifts
Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following the Monetary…
Concerns Mount Over Delayed Release of Nigeria’s 2026 Budget Details After Presidential Assent
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026 budget, despite President Bola…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance, remitting a total of N2.89 trillion…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an…
Cerebras IPO 2026: OpenAI-Backed AI Chipmaker Targets $26.6bn Valuation in Blockbuster Public Listing
Cerebras Systems, the AI chip company closely linked to OpenAI, is moving closer to what could become one of the…
NNPC Signs New China Deal to Revamp Warri and Port Harcourt Refineries in Major Technical Partnership Push
The Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a fresh step toward reviving Nigeria’s long-troubled refineries, signing a…
Nigeria Hits 185.7 Million Active Subscribers as Telcos Begin Compensation for Poor Network Services
Nigeria’s telecommunications sector has recorded another milestone, with active mobile subscriptions rising to 185.7 million in March 2026. This increase,…
Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in Nigeria’s Digital Payments Shift
Nigeria’s leading commercial banks have recorded a massive surge in digital activity, processing a combined N286.19 trillion in mobile banking…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key Business Updates to Watch
This week’s global business landscape is shaping up with major developments across energy, media, and economic policy. From oil market…
Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability Improves
The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per dollar…
European Stocks Mixed as Iran War Tensions Weigh on Market Sentiment
European stocks opened mixed on Tuesday as investors reacted cautiously to rising geopolitical tensions linked to the Iran conflict, which…
SWOOT Market Cap Surges to N142.79 Trillion, Commands 91.71% of NGX in April 2026 Rally
Nigeria’s equities market extended its bullish momentum in April 2026, with Stocks Worth Over One Trillion (SWOOT) strengthening their grip…
Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion
Seplat Energy Plc is preparing for a major production increase in 2026 as it moves closer to restarting its Yoho…
NERC Shifts Electricity Complaints to State Regulators in 15 States
Nigeria’s power sector is entering a new phase as the Nigerian Electricity Regulatory Commission (NERC) has asked electricity consumers in…
MTN Nigeria Faces N140bn Margin Threat as Diesel Hits N2,000/L, Accelerates Shift to Gas
MTN Nigeria is facing mounting financial pressure as soaring diesel prices, now hovering around N2,000 per litre, threaten to erase…
Global Asset Freeze Hits Nigerian Oil Trader Over $40m Debt Dispute
An English High Court has imposed a sweeping global asset freeze on Nigerian oil trader Abdulrahman Musa Bashar after he…