CBN Rallies State Governments for Inflation Targeting Reform to Stabilise Nigeria’s Economy
The Central Bank of Nigeria (CBN) has called on state governments to play a stronger role in supporting the country’s…
Day: May 11, 2026
Nigeria Money Market Stays Liquid Despite CBN Tightening as Billions Flow in from Maturities
Nigeria’s money market continued to show strong liquidity this week, even as the Central Bank of Nigeria maintained aggressive efforts…
NNPC Clarifies China Refinery Deal: No Fresh Spending on Port Harcourt, Warri Revamp Plan
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its recently signed agreement with two Chinese firms for…
Nigeria Receives 164,000MT Imported Fuel Amid Fresh Petrol Import Licences and Supply Debate
Nigeria has recorded the arrival of about 164,000 metric tonnes of imported petroleum products, as new cargo vessels continue to…
$7 Billion in Perfectly Timed Oil Trades Spark Insider Trading Investigation Fears
A wave of unusually well-timed oil trades totaling around $7 billion has triggered growing concerns over possible insider trading tied…
Nigerian Startups Raise $4m in April 2026 as Fintech Dominates Funding Amid Slow Venture Capital Market
Nigeria’s startup ecosystem recorded a modest recovery in April 2026, attracting about $4 million in disclosed funding across six deals.…
Uber Pushes Harder Into “Everything App” Race as Super App Strategy Accelerates
Uber is accelerating its long-standing ambition to evolve beyond ride-hailing into a full “super app,” as competition in the mobility…
Canvas Breach Raises Shared Infrastructure Risk Concerns After Massive Education Platform Outage
A major cybersecurity incident involving the e-learning platform Canvas has sparked fresh concerns about the risks tied to shared digital…
PFA grows revenue to N42.4 billion, declares N2 dividend
Access ARM Pensions has reported a strong financial performance for the 2025 fiscal year, its first full year after the…
Top Nigerian Banks Cut Lending by Nearly 25% as Economic Risks Rise
Nigeria’s banking sector is tightening its grip on lending as economic uncertainty, high interest rates, and stricter regulatory conditions continue…
Nigeria to Sanction Poor Telecom Operators as NCC Tightens Service Quality Enforcement – Tijani
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has urged telecommunications operators across the country to urgently improve…
US Imports $578.78m Worth of Nigerian Crude in Q1 2026 as Demand Slips
The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of 2026, marking a…
CBN Urges States to Curb Overdraft Dependence as Inflation Targeting Reform Intensifies
The Central Bank of Nigeria (CBN) has called on state governments to reduce their dependence on overdrafts and short-term borrowing,…
NGX Market Capitalisation Hits N157 Trillion as Investors Trade N324 Billion Worth of Shares in One Week
The Nigerian stock market ended the week on a positive note as the Nigerian Exchange Limited recorded a 0.71 percent…
Top 10 Equity Mutual Funds in Nigeria by YTD Returns (April 2026) Amid Strong Market Rally
Nigeria’s equity mutual fund space is seeing renewed attention from investors as strong stock market performance drives impressive year-to-date (YTD)…
FG Threatens Sanctions as Nigerians Lament Poor Telecom Service Quality
Nigeria’s Federal Government has issued a strong warning to telecommunications companies over the worsening quality of network services across the…
Nigeria’s External Reserves Drop by $855 Million in Five Weeks Amid Forex Pressure
Nigeria’s external reserves declined by approximately $855 million within five weeks, highlighting renewed pressure on the country’s foreign exchange position…
Nigeria’s Power Crisis Deepens Despite 300% Tariff Hike as Consumers Pay More for Poor Supply
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are paying significantly more…
European Markets Mixed as Iran Peace Talks Stall, Investors React to Rising Global Tensions
European stock markets opened on a cautious note Monday as investors reacted to growing uncertainty surrounding stalled peace negotiations between…