NGX Introduces New Share Price Movement Rules, Sets Volume Thresholds to Reshape Market Trading
The Nigerian Exchange (NGX) has rolled out a major reform to its trading structure, introducing new rules that require minimum…
Month: June 2026
Naira Gains as British Pound Falls to N1,825/£ Amid UK Political Uncertainty
The Nigerian naira recorded a notable gain against the British pound, trading around N1,825/£1, as uncertainty in the United Kingdom’s…
Nigeria Eurobonds and Foreign Financing Strategy Evolves
Nigeria is increasingly rethinking its external borrowing strategy, even as it continues to enjoy strong appetite from global investors in…
Nigerian Marketers Import Dangote Fuel via Lomé Hub as Trade Flows Shift Across West Africa
Nigerian fuel marketers are increasingly sourcing refined petroleum products originally produced by Dangote Petroleum Refinery through an offshore ship-to-ship (STS)…
Fraud Losses Hit N134.48bn in Nigeria as CBN Flags Surge in Digital Banking Scams (2020–2025)
Banks and their customers in Nigeria lost a staggering N134.48bn to fraud between 2020 and 2025, according to new data…
Nigeria Can Produce 1.9m Barrels Daily, Says NUPRC as Oil Prices Hit $77
Nigeria’s crude oil industry is showing renewed strength as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country has…
MREIF’s ₦128 Billion Mortgage Milestone @ 9.75%: A Housing Revolution Many Nigerians Are Yet to Notice
Nigeria’s housing finance landscape may be undergoing one of its most significant transformations in decades, yet many Nigerians remain either…
Femi Otedola Raises First HoldCo Stake to 20% with N29.6bn Share Purchase
Billionaire businessman and Chairman of First HoldCo, Femi Otedola, has deepened his investment in the financial services group after acquiring…
FG Unveils Guidelines for Tax Acts 2025 Implementation, Clarifies Transition to New Tax Regime
The Federal Government has released comprehensive guidelines to facilitate the implementation of the Tax Acts 2025, providing much-needed clarity for…
Tinubu Appoints Ex-KPMG Africa Chairman Kunle Elebute as FRCN Board Chairman
President Bola Ahmed Tinubu has appointed renowned financial expert and former KPMG Africa Chairman, Kunle Elebute, as the new Chairman…
Petrol Imports Surge 59.5% in May as Nigeria Balances Local Refining Growth and Fuel Demand
Nigeria’s petrol imports recorded a surprising rebound in May 2026, climbing by 59.5% compared to April despite continued growth in…
Stock Futures Rebound After Fed Shock Sell-Off as Intel Surges on Apple Chip Deal Talk
U.S. stock futures moved higher on Thursday as Wall Street attempted to recover from a sharp sell-off triggered by renewed…
Nigeria Secures $3bn Solid Minerals Investment Inflow as Mining Reforms Boost Investor Confidence
Nigeria’s solid minerals sector has recorded a major boost, attracting about $3bn in investment inflows within the last three years,…
Nigeria’s Foreign Reserves Surge Past $50bn, Add $1.01bn in Two Weeks Amid FX Reforms
Nigeria’s foreign exchange reserves have crossed a major psychological milestone, rising above $50 billion after gaining more than $1.01 billion…
Anthropic Joins Frontier Carbon Removal Coalition in Landmark $915M Climate Funding Push
Anthropic has officially become the first artificial intelligence startup to join Frontier, a leading carbon removal coalition backed by major…
AI Will Cause Labour Shortage, Not Job Losses – Jeff Bezos Says Amid Growing AI Fears
Amazon founder Jeff Bezos has pushed back against rising global fears that artificial intelligence will wipe out millions of jobs,…
Afreximbank Urges Nigeria, Others to Boost Intra-African Trade to Shield Economy from Global Shocks
The African Export-Import Bank (Afreximbank) has called on Nigeria and other African countries to urgently deepen intra-African trade as a…
Nigeria’s Oil Boom Pushes Current Account Surplus to $4.98bn in Q1 2026
In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the first…
Starlink Dominates African Internet Speeds in 22 Markets, Redefining Connectivity Across the Continent
Starlink, the satellite internet service operated by SpaceX founded by Elon Musk, has emerged as the fastest internet provider across…
Oil Prices Crash by Over $7 Per Barrel as Brent Drops Below $80 Amid Global Easing Tensions
Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking…
Nigerian Stocks Pull Back After 55% Rally as NGX Enters Healthy Consolidation Phase
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally…
DMO Raises N1.49 Trillion in Treasury Bills Auction as Investors Flood Market Amid Rising Yields
Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49 trillion at its Nigerian…
33% Interest Rate Crisis Threatens Nigeria’s $1tr Economy Ambition, Telcos Warn
Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per cent interest rate environment is…
Agro-Allied Stocks Deliver 1,656% Rally as Presco, Okomu, FTN Cocoa Drive NGX Wealth Surge
Three agro-processing stocks listed on the Nigerian Exchange (NGX) have turned into some of the market’s biggest wealth creators, delivering…
Foreign Investors Pour $3.3bn into Nigerian Bonds Amid Rising Yields and Strong Capital Inflows
Foreign investors injected $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing confidence in the country’s fixed-income…
Nigeria Rules Out New Taxes on Fuel and Telecom Services Amid IMF Report Backlash
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on fuel and telecommunications services…
Google Gemini Co-Lead Noam Shazeer Joins OpenAI in Major AI Talent Shake-Up
Google’s artificial intelligence ambitions have suffered a notable setback after Noam Shazeer, one of the key leaders behind the Gemini…
Dangote Refinery Slashes Diesel and Jet Fuel Prices as Falling Crude Oil Costs Ease Market Pressure
The Dangote Petroleum Refinery has announced another round of fuel price reductions, cutting the gantry prices of diesel and aviation…
Naira Falls to N1,361.5/$ as FX Market Turnover Plunges 57% Despite Rising External Reserves
The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian Foreign Exchange Market…
CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s Banking Shake-Up
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but…