Nigeria Stock Market Crosses N160tn as Investor Confidence Drives Historic Rally
Nigeria’s equities market recorded a historic milestone on Monday as the market capitalisation of the Nigerian Exchange (NGX) crossed the…
Month: May 2026
Aliko Dangote Eyes East Africa Refinery, Demands Strong Anti-Dumping Laws
Aliko Dangote has revealed that any plan to build a major refinery in East Africa will depend heavily on the…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
European Stocks Slide as U.S.-Iran Peace Hopes Fade, UK Political Crisis Deepens
European stock markets opened sharply lower on Tuesday as investor confidence weakened following renewed uncertainty over a possible peace agreement…
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…
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…
Paga Partners Sui to Launch Stablecoin Payments Across Africa, Targets Faster Cross-Border Transfers
African payments infrastructure company Paga Group is making a bold move into blockchain finance through a new partnership with Sui,…
Tech Stocks Could Be the Best Value in Years After Strong Earnings Season, Analysts Say
Tech stocks in the United States are once again drawing strong investor interest after another impressive earnings season, with analysts…
Dangote Targets 20,000MW Power Expansion as He Pushes Bold Industrial Drive Across Africa
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a target of generating…
Canada Posts Surprise Trade Surplus as Oil and Gold Boom Boost Exports
Canada has recorded an unexpected trade surplus, its first in six months, as rising oil and gold prices boosted export…
NUPENG Backs NNPC, Urges Transparency in Warri, Port Harcourt Refinery Revival MoU
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed strong support for the efforts of NNPC Limited…
Nigeria Economic Reforms Strengthen Resilience Amid Global Uncertainty
Nigeria’s bold economic reforms over the past two years—though painful and controversial—are now being closely reassessed as global uncertainty intensifies.…
NGX Market Capitalisation Falls to N153.86tn as Heavy Selloffs Hit Blue-Chip Stocks
The Nigerian equities market closed lower on Thursday as sustained selloffs in major listed companies wiped out about N1.922 trillion…