Foreign Investors, Banks Target Nigerian Insurance Firms as Recapitalisation Deadline Nears
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and local banks are increasingly…
Day: May 25, 2026
Nigeria’s Oil Sector Contributes 3.92% to GDP in Q1 2026 Despite Improved Growth Performance
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of 2026,…
Nigeria’s GDP Grows 3.89% in Q1 2026 as Agriculture and Services Power Economic Expansion
Nigeria’s economy began 2026 on a stronger footing, with the country’s Gross Domestic Product (GDP) expanding by 3.89% year-on-year in…
NGX Boss Urges CBN to Integrate Capital Market Development into Monetary Policy for Stronger Economic Growth
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the…
Naira Weakens to N1,375/$ Amid Rising FX Pressure Despite $48.72bn External Reserves
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure from…
Capital market awards spotlight rising investor participation
Nigeria’s capital market is once again taking centre stage as preparations begin for the second edition of the Capital Market…
MPC Holds Interest Rate at 26.5% as Inflation Pressures Rise: What It Means for Nigeria’s Economy
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR) unchanged at 26.5%,…
Nigeria’s Economic Pulse: NBS GDP Report, AfDB Meetings, Dangote Refinery IPO and Key Business Moves to Watch This Week
Nigeria and the wider African business landscape are set for a packed week of economic signals and high-level policy discussions,…
Nigerian Stock Market Rally Faces Overbought Signals Despite Strong Valuations and Bullish Outlook
The Nigerian Exchange Group (NGX) is riding one of its strongest bull runs in history, with the All-Share Index (ASI)…
Oil Prices May Crash as Iran–US Peace Talks Signal Possible Reopening of Strait of Hormuz
Global oil markets may be heading for a major shake-up as renewed Iran–US peace talks raise hopes of reopening the…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity and Economic Shock
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp increase in…
Google Faces AI Security Scrutiny as Experts Warn Businesses Against Emerging Threats
As businesses race to adopt artificial intelligence, experts are warning that security can no longer be treated as an afterthought.…
CPPE Defends Dangote Refinery, Rejects Monopoly Claims and Calls for Stronger Local Refining Support
The Centre for the Promotion of Private Enterprise (CPPE) has rejected allegations that the Dangote Refinery poses a monopolistic threat…
NGX Weekly Trade Value Falls 50% to N161.8bn as Investors Turn Cautious
Investor activity on the Nigerian Exchange (NGX) slowed sharply last week as the total value of shares traded dropped by…
Nigeria’s Foreign Reserves Rebound by $551 Million in May, Boosting Confidence in Economy and Naira Stability
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the first three weeks of May…
NNPC Battles Dangote Refinery in Court, Warns Against Fuel Market Monopoly
The Nigerian National Petroleum Company Limited (NNPC) has strongly opposed the lawsuit filed by Dangote Petroleum Refinery over fuel import…