Nigeria’s Money Supply Climbs to N129.21 Trillion as Liquidity Expands Despite Tight Monetary Policy
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, highlighting continued liquidity growth in the economy despite…
Month: June 2026
Nigerian Stocks to Watch This Week: Fidson, Africa Prudential, Access Holdings Lead Analyst Picks After Market Slump
The Nigerian stock market started the week on a cautious note as investors continued to digest last week’s sharp 3.6…
Nigeria Businesses Face Tax Deadline Pressure as CIT Filing and E-Invoicing Rules Converge
Nigerian businesses are entering a high-pressure compliance season as two major tax obligations converge at the end of June: Company…
Nigeria Inflation Rate May Ease to 15.8% in June 2026 Despite Cost Pressures – Analysts Forecast
Nigeria’s inflation outlook may be heading for slight relief as analysts project that the Nigeria inflation rate June 2026 could…
NGX Loses N5.64 Trillion in One Week as Massive Sell-Off Hits Nigerian Equities Market
The Nigerian equities market came under intense pressure last week as investors collectively lost about N5.64 trillion on the Nigerian…
Aradel assets hit N10 trillion after Renaissance acquisition drives 466% surge in balance sheet
Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets surging by 466 per cent…
Stock Futures Fall as Iran Peace Talks and Inflation Data Keep Investors on Edge
U.S. stock futures slipped early Monday as investors reacted cautiously to fresh progress in Iran peace negotiations while bracing for…
Nigeria Crude Oil Production Challenges Persist Despite Output Gains and $10bn Investment Surge
Nigeria’s oil and gas sector is showing strong signs of recovery, but long-standing operational issues continue to weigh on its…
Dangote Refinery Crude Supply Crisis Deepens as Output Drops 62% Amid NNPC Delivery Shortfall
Nigeria’s flagship Dangote Petroleum Refinery is facing mounting pressure as a severe crude supply shortage threatens its operations, raising fresh…
Oil Prices Dip as Qatar and Pakistan Push 60-Day U.S.–Iran Deal Roadmap Amid Middle East Tensions
Global oil markets saw a sharp shift on Monday as crude prices slipped following news that Qatar and Pakistan have…
NDPC Pushes Data Protection Law Review to Regulate AI and Strengthen Privacy Rules in Nigeria
The Nigeria Data Protection Commission (NDPC) is moving to amend the Nigeria Data Protection Act (NDPA) 2023, signaling a major…
NGX Market Update: Market Capitalisation Sheds N5.6 Trillion as Trading Value Climbs 22% Amid Bearish Pressure
The Nigerian equities market closed the week on a mixed but tense note as the market capitalisation of the Nigerian…
Nigeria FX Market Turnover Rises to $2.32bn as FX Forwards Surge 129% Amid Equities Sell-Off
Nigeria’s foreign exchange market recorded a noticeable uptick in activity, with total turnover in the FX spot and derivatives segments…
Fuel Price War Intensifies in Lagos and Ogun as Stations Slash Petrol Prices to N1,199 Per Litre
Fuel prices have dropped across parts of Lagos and Ogun States as filling stations adjust pump rates in response to…
Nigeria Telecom Ownership Rule Tightened as NCC Now Requires Approval for 10%+ Share Transfers
Nigeria’s telecom sector is facing a new layer of regulatory oversight as the Nigerian Communications Commission (NCC) and the Corporate…
AI Boom Pushes Tech Giants Into Debt Markets as Rising Rates Reshape Investor Strategy
The global race to build artificial intelligence infrastructure is reshaping how tech giants manage money—and forcing investors to rethink long-held…
CBN Urged to Mandate Annual Financial Reporting for Fintechs and MFBs as Transparency Debate Intensifies in Nigeria
Finance experts have called on the Central Bank of Nigeria (CBN) to introduce mandatory annual financial reporting for deposit-taking fintech…
Afreximbank Meetings, Nigeria-EU Forum Lead Major Business Events Shaping Nigeria’s Economy This Week
Nigeria’s business landscape is set for a busy week as major economic and investment-focused events take center stage across Africa.…
Pound Slides Toward Yearly Low Against Naira as UK Political Uncertainty Rattles Markets
The British pound has weakened sharply against the Nigerian naira, edging closer to its lowest level of the year as…
NGX Oil & Gas Stocks Lead Wealth Creation as Sector Surges 111% Despite Market Correction
Nigeria’s stock market may be experiencing a correction, but investors who positioned themselves in the right sectors have continued to…
Nigeria’s Foreign Reserves Hit $51.04 Billion, Highest Level in 17 Years as Economic Reforms Gain Momentum
Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and signaling renewed strength…
UAE Social Media Ban for Under-15s Sparks Global Debate on Child Online Safety
The United Arab Emirates has made global headlines after becoming the first Arab nation to officially ban children under the…
DBN Secures €200m EIB Funding to Power Nigeria’s Green and Digital Economy Push
Nigeria’s push toward a greener and more digitally driven economy has received a major boost as the Development Bank of…
Nigeria’s Tax Revenue Surges 49% to N15.8 Trillion in Five Months on Strong Oil and Non-Oil Growth
Nigeria’s tax revenue recorded a sharp increase in the first five months of 2026, rising by 49% year-on-year to N15.8…
Nigerian Stock Market Loses N2.5 Trillion in Three Days as Weak Sentiment Hits Banking and Blue-Chip Stocks
The Nigerian stock market extended its losing streak on Wednesday, wiping out about N2.5 trillion in just three days as…
Global Stock Markets Mixed as Investors Weigh U.S.–Iran Peace Deal Stability Amid Holiday-Thinned Trading
Global stock markets delivered a mixed performance on Friday as investors continued to assess the strength and long-term durability of…
OPEC Quota: Nigeria’s Rising Oil Output Driven by Stronger Pipeline Security on Trans Niger Pipeline – PINL
Nigeria’s crude oil production has surged beyond its OPEC quota, with stakeholders attributing the improvement to enhanced security operations on…
India Holds Back on Middle East Oil Purchases Despite Strait of Hormuz Reopening
India is showing little urgency to return to large-scale crude purchases from the Middle East, even after the reopening of…
Oil Prices Mixed as U.S.-Iran Talks Collapse and Strait of Hormuz Tensions Keep Markets on Edge
Oil prices ended the trading session on a mixed note on Friday as renewed uncertainty over U.S.-Iran diplomatic efforts rattled…
OpenAI Strengthens AI Power Team with High-Profile Hires Ahead of IPO
OpenAI is making bold moves as it positions itself for a potential IPO, bringing in two influential figures in artificial…