NGX Extends Trading Hours: Will Longer Sessions Boost Liquidity or Weaken Market Volumes?
Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange Limited (NGX).…
Year: 2026
Naira Strengthens to N1,362/$ Amid Dollar Weakness, Extends FX Market Gains
Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its recent gains against the…
South Korea’s Kospi Hits Record High Above 7,000 as Samsung Surges
South Korea’s Kospi climbed to a fresh record on Wednesday, crossing the 7,000 mark as a broad rally swept across…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market…
CBN Reforms Strengthen Nigeria’s Economy Amid Global Shocks
Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle…
NGX Recovers Over N500m for Investors, Strengthens Market Integrity in Nigeria
The NGX Regulation Limited (NGX RegCo) has recovered more than N500 million for investors, reinforcing its commitment to investor protection…
Nigerian Stock Market Gains N63bn as May Trading Opens on Bullish Note
The Nigerian stock market kicked off trading for the month of May on a positive note, recording a gain of…
Lafarge Africa Declares N96.64bn Dividend for FY2025 as Profit Surges
Lafarge Africa Plc has announced a total dividend payout of N96.64 billion to its shareholders for the 2025 financial year,…
Naira Rebounds in April 2026, Gains N51 as FX Volatility Eases and Market Confidence Returns
The Nigerian naira recorded a notable recovery in April 2026, marking its first monthly gain for the month of April…
Bank Deposits with CBN Drop to N92.32trn After Interest Rate Cut as Liquidity Strategy Shifts
Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following the Monetary…
Concerns Mount Over Delayed Release of Nigeria’s 2026 Budget Details After Presidential Assent
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026 budget, despite President Bola…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance, remitting a total of N2.89 trillion…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an…
Cerebras IPO 2026: OpenAI-Backed AI Chipmaker Targets $26.6bn Valuation in Blockbuster Public Listing
Cerebras Systems, the AI chip company closely linked to OpenAI, is moving closer to what could become one of the…
NNPC Signs New China Deal to Revamp Warri and Port Harcourt Refineries in Major Technical Partnership Push
The Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a fresh step toward reviving Nigeria’s long-troubled refineries, signing a…
Nigeria Hits 185.7 Million Active Subscribers as Telcos Begin Compensation for Poor Network Services
Nigeria’s telecommunications sector has recorded another milestone, with active mobile subscriptions rising to 185.7 million in March 2026. This increase,…
Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in Nigeria’s Digital Payments Shift
Nigeria’s leading commercial banks have recorded a massive surge in digital activity, processing a combined N286.19 trillion in mobile banking…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key Business Updates to Watch
This week’s global business landscape is shaping up with major developments across energy, media, and economic policy. From oil market…
Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability Improves
The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per dollar…
European Stocks Mixed as Iran War Tensions Weigh on Market Sentiment
European stocks opened mixed on Tuesday as investors reacted cautiously to rising geopolitical tensions linked to the Iran conflict, which…
SWOOT Market Cap Surges to N142.79 Trillion, Commands 91.71% of NGX in April 2026 Rally
Nigeria’s equities market extended its bullish momentum in April 2026, with Stocks Worth Over One Trillion (SWOOT) strengthening their grip…
Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion
Seplat Energy Plc is preparing for a major production increase in 2026 as it moves closer to restarting its Yoho…
NERC Shifts Electricity Complaints to State Regulators in 15 States
Nigeria’s power sector is entering a new phase as the Nigerian Electricity Regulatory Commission (NERC) has asked electricity consumers in…
MTN Nigeria Faces N140bn Margin Threat as Diesel Hits N2,000/L, Accelerates Shift to Gas
MTN Nigeria is facing mounting financial pressure as soaring diesel prices, now hovering around N2,000 per litre, threaten to erase…
Global Asset Freeze Hits Nigerian Oil Trader Over $40m Debt Dispute
An English High Court has imposed a sweeping global asset freeze on Nigerian oil trader Abdulrahman Musa Bashar after he…
NGX Brokers Drive Record Market Rally as 10 Firms Dominate N949.9bn April Trades
Ten stockbroking firms dominated trading activity on the Nigerian Exchange (NGX) in April 2026, executing a combined N949.899 billion in…
South Korean Stocks Hit Fresh Record After Historic Rally as Global Markets React to Middle East Tensions
South Korean stocks surged to a fresh all-time high on Monday, extending a powerful momentum that followed their strongest monthly…
East Africa Investment Inflows Hit $4.1bn as Reforms Boost Capital Growth Across Region
East Africa has recorded a significant surge in foreign and domestic investment, pulling in about $4.1 billion between 2021 and…
Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New External Debt
Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the Federal Capital Territory (FCT)…
Cardoso Urges Bank Directors to Strengthen Risk Management and Corporate Governance After Recapitalisation
Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has called on bank directors and corporate leaders to…