NGX Launches NGX30U6 and NGXPENSIONU6 Futures to Boost Investor Tools
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing…
Yearly Archives
2026
Nigerian Stock Market Poised for Gains as Earnings Releases Drive Investor…
The Nigerian equities market is set for a strong week as investors show renewed confidence ahead of key earnings…
Nigerian DisCos Record N2.4 Trillion Loss Amid Worsening Electricity Blackouts
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the…
SEC Nigeria Sets Six-Week Deadline for Capital Market Operators to Submit…
Nigeria’s Securities and Exchange Commission (SEC) has set a strict six-week deadline for all capital market…
Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Shifting Energy…
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024,…
Fuel Price Surge in Nigeria Strains Households and Businesses Amid Middle East…
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with…
CBN Recapitalisation Deadline: Nigerian Banks Race to Meet March 31 Capital Target
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the Central…
European Markets Slide as Trump’s Hormuz Deadline Rattles Investors
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran…
NGX Records 8.76bn Shares Traded in Three Days as ICT Sector Drives Market Surge
The Nigerian Exchange Limited (NGX) recorded a remarkable surge in trading activity last week, with investors…
Dangote Refinery Exports Fuel Across Africa Amid Supply Crisis
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of…
CBN Targets Single-Digit Inflation as Nigeria Shifts to New Monetary Policy…
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing…
US Dollar Falls as Global Central Banks Signal Interest Rate Hikes Amid Rising…
The US dollar retreated from multi-month highs this week as investors reacted to rising energy prices and shifting…
Nigeria’s Imports from Europe Plunge 23% as Asia, Especially China, Take the Lead
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade…
UAE $1bn AI Fund Set to Boost Nigeria Telecom Sector and Digital Economy Growth
Telecommunications companies in Nigeria are positioning for significant gains following the announcement of a $1bn…
Food Bills Soar in Nigeria, Outstrip Household Spending Despite Easing Inflation
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than…
Oil Prices Surge Above $119 as Nigeria’s Petrol Price Hits N1,200 per Litre
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating…
Middle East Crisis Threatens Africa’s Fuel Supply Chain
Africa’s fuel supply is coming under serious pressure as escalating tensions in the Middle East disrupt critical…
CBN Survey Shows Nigerian Families Strained as Banks Set to Raise Interest Rates
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit…
CBN Tightens BVN Rules to Curb Fraud, Boost Trust in Nigeria’s Digital Banking…
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves…
Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd…
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February…
Eight Stocks Dominate Nigerian Stock Market, Driving 61% of N127 Trillion…
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its…
Transcorp Reports N544 Billion Revenue and N179.5 Billion Profit on Diversified…
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year,…
Nigeria’s Diaspora Remittances Surge 97% YoY to $107.47 Million in January 2026
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major…
Exchange Rate Stability and Rising Demand Boost Nigerian Business Confidence – CBN…
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing…
Refineries spend N5.7tn on foreign oil despite naira-for-crude policy
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even…
NovaGrad Uses AI to Simplify Study Abroad Planning for African and Latin American…
NovaGrad, an artificial intelligence-powered platform from UK-based Prodigy Finance, is transforming how students…
CBN’s New AML Rules Push Banks Toward Automation: Local AI Platform Leads…
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions…
Google’s Data Center Power Strategy: 2.7 GW of Clean Energy Planned for Michigan
Google is taking a major step toward powering its data centers with clean energy, signaling a clear strategy months…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and…
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports,…