Nigerian Stock Market Starts August Strong with N289bn Gain as Investor Confidence Rebounds
The Nigerian stock market kicked off August 2026 on a positive note, delivering an impressive N289 billion gain in market…
Year: 2026
DMO Launches August Savings Bonds With Returns of Nearly 15% for Nigerian Investors
The Debt Management Office (DMO) has opened subscriptions for its August 2026 Federal Government Savings Bond programme, offering Nigerians an…
NRS makes Tax ID mandatory for new crypto account activations
The Nigeria Revenue Service (NRS) has introduced a major policy change that will reshape how Nigerians access cryptocurrency platforms. Under…
Nigeria’s purchase cost inflation hits five-month low as PMI stays above 52
Nigeria’s private sector remained on a growth path in July, with businesses benefiting from stronger customer demand even as the…
NNPC Profit Drops 35% in H1 2026 Despite Strong June Recovery as Revenue Climbs
Nigeria’s state-owned oil giant, NNPC Limited, posted a profit after tax of N2.28 trillion for the first half of 2026,…
Banks’ Deposits at CBN Surge 670% to N83.95 Trillion as Borrowing Plunges
Nigeria’s banking sector witnessed a significant shift in liquidity management as commercial banks dramatically increased their deposits with the Central…
Bank of America sharpens focus on Africa after key role in Dangote refinery placement
Bank of America is strengthening its commitment to Africa with a major leadership reshuffle aimed at expanding its corporate and…
Cheaper Latin American Oil Puts Nigeria’s European Crude Market at Risk
Nigeria’s long-standing dominance in Europe’s crude oil market is coming under increasing pressure as cheaper oil supplies from Brazil and…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for Non-Compliance
The Federal Government has taken a major step toward regulating Nigeria’s fast-growing cryptocurrency industry with the introduction of new tax…
World Bank Urges Nigeria to Embrace AI as Key to Faster Economic Growth
The World Bank has called on Nigeria and other developing economies to rapidly embrace artificial intelligence (AI), saying the technology…
August dividend race begins as 8 NGX companies set qualification dates
August is shaping up to be an important month for investors on the Nigerian Exchange (NGX) as eight listed companies…
Nigeria’s Global LNG Market Share Slips to 5% as NLNG CEO Warns of Steeper Decline
Nigeria’s position in the global liquefied natural gas (LNG) industry is facing growing pressure, with the country’s market share falling…
Renewed demand lifts Nigeria Eurobonds after previous selloff
Nigeria’s Eurobond market has bounced back strongly after a brief period of losses, with renewed investor demand signaling growing confidence…
Petrol consumption drops by 52m litres amid higher prices
Nigeria’s petrol consumption recorded a slight decline in the first half of 2026 as persistently high pump prices continued to…
Banking Stocks Drive Nigerian Market to N288 Billion Gain Despite Widespread Selloff
The Nigerian stock market kicked off the new trading week on a positive note as strong buying interest in major…
Crypto exchanges face N10 million fine under new NRS tax rules
Nigeria’s cryptocurrency industry is entering a new era of stricter regulation as the Nigeria Revenue Service (NRS) has unveiled comprehensive…
DMO offers two savings bonds, sets minimum investment at N5,000
The Debt Management Office (DMO) has launched a fresh subscription window for two Federal Government Savings Bonds, giving Nigerians another…
Over 3,800 Young Nigerians Explore AI and Robotics at STEM Africa Fest in Lagos
More than 3,800 children, parents, teachers, and science enthusiasts gathered in Lagos for the sixth edition of STEM Africa Fest,…
Global Memory Shortage Disrupts MacBook Air Supply as Apple Faces Stock Challenges
Apple’s best-selling MacBook Air is now feeling the impact of the global memory chip shortage, creating longer wait times for…
Seplat Energy Reduces JV Stake To 30%, Sells 10% To NNPC For $281.6m
Seplat Energy Plc has announced a major strategic move after agreeing to sell a 10 percent working interest in its…
Saudi Oil Reroutes Hit Capacity and Security Limits
Saudi Arabia is confronting one of its biggest oil export challenges in recent years as escalating security threats across key…
World Bank opens applications for 2027 Africa Fellowship, invites eligible Nigerians
The World Bank has officially opened applications for the 2027 Africa Fellowship Programme, creating a valuable opportunity for eligible Nigerian…
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom Accelerates – CBN
Nigeria’s digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14 trillion, marking an…
Dow Futures Surge Over 400 Points as Trump Halts Iran Strike Plan, Oil Prices Tumble
Wall Street began the new trading month on a positive note as Dow Jones futures jumped more than 400 points…
Fixed-income Market: Investors Trade N29.4trn In July
Nigeria’s fixed-income market witnessed a remarkable surge in activity in July 2026, with investors trading securities worth ₦29.36 trillion, representing…
Banking Stocks Lift NGX Turnover by 32% to N404.7bn Despite Market Pullback
The Nigerian Exchange (NGX) recorded a sharp increase in trading activity in the final week of July 2026, with total…
Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow
Oil prices recorded a sharp decline on Monday after U.S. President Donald Trump signaled a shift toward diplomacy with Iran…
AfDB: West Africa misallocates capital despite $100 billion annual development needs
West Africa is not facing a shortage of money to fund its development ambitions—it is facing a much deeper problem…
Nigeria’s Mobile Market Surges to Two-Year High as Active Subscribers Reach 189.4 Million
Nigeria’s telecommunications industry is showing strong signs of recovery, with active mobile subscriptions climbing to 189.4 million in May 2026,…
Sam Altman Sparks Fresh Debate Over AI Development After Security Incident
OpenAI CEO Sam Altman has sparked fresh debate about the future of artificial intelligence after suggesting that the industry may…