NNPC Profit Falls 47.9% to N279bn as July Revenue Drops to N3.09trn
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, as…
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Nvidia’s AI Investments Surge to $99 Billion as Chip Giant Deepens Bet on Tech…
Nvidia’s growing influence in the artificial intelligence industry is no longer limited to supplying the powerful…
Crude Oil Price Hits $96.98 as Nigerian Marketers Review Petrol Pump Prices
Crude oil prices are edging closer to the $100 per barrel mark, with Brent crude rising to $96.98 per barrel on…
Kenya, Dangote Plan 1,000MW LNG Power Plant as Tanzania Gas Emerges as Key Supply…
Kenya and Africa’s richest man, Aliko Dangote, are exploring a major 1,000-megawatt LNG power project linked to the…
Nigerians Spend N11.3tn on Petrol in Seven Months as Consumption Drops
Nigerians spent a staggering N11.3tn on petrol between January and July 2026, even as the volume of fuel consumed…
Nigeria’s Financial Sector Growth Slows to 9.29% Despite N5.3trn Recapitalisation
Nigeria’s financial sector is yet to fully feel the impact of more than N5.3 trillion in fresh capital, as…
Dangote Refinery IPO to Open Within 12 Days, Could Raise $5 Billion
The long-awaited Dangote Refinery IPO could open within the next 10 to 12 days, as Africa’s largest oil refinery…
Naira Hits Two-Year High at N1,322/$ as Dollar Supply Boosts FX Market
The Nigerian naira has climbed to a two-year high, settling at around N1,322/$ in the official foreign exchange…
Nigeria, IEA Sign Deal to Strengthen Energy Data, Attract More Investment
Nigeria has taken another step towards improving its energy sector after signing a Joint Work Programme with the…
Seplat Energy, UPDC Lead N238bn NGX Market Rebound as Investors Return to Equities
The Nigerian Exchange (NGX) staged a modest rebound on Thursday, with investors returning to…
Dangote Investments Driving Africa’s Industrial Growth, AFC Boss Says
The sustained investments of the Dangote Group across Africa are playing a major role in driving industrialisation…
UK Set to Approve Jackdaw Gas Field as Energy Costs Surge
The United Kingdom is reportedly preparing to approve the development of the Jackdaw gas field in the North Sea as…
FTSE Russell Lists 31 Nigerian Stocks Including Dangote Cement, MTN, Zenith Bank…
FTSE Russell has listed 31 Nigerian companies in its Frontier Index Series, bringing some of the country’s biggest…
7 Global Companies That Have Scaled Back or Exited Nigeria Under Tinubu
Several global companies have exited Nigeria, halted local production or significantly scaled back their operations…
Nigeria’s 4.43% GDP Growth Masks Deep Industrial Crisis, MAN Warns
Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, but the latest figure may not tell the full…
Bolt, inDrive Move to Grab Uber’s Market Share After Nigeria Exit
The race for Nigeria’s ride-hailing market is heating up as Bolt and inDrive move to strengthen their operations…
Currency Outside Banks Falls to N4.8tn in July, Lowest in Eight Months
Currency outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level in eight months, as cash held…
Nigeria’s Economic Activity Expands for Third Month as CBN Composite PMI Hits 52.7
Nigeria’s economic activity continued its recovery in August 2026, expanding for the third consecutive month as the…
OB3 Pipeline Ready for First Gas as AKK Reaches 95% Completion – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced major progress on two of Nigeria’s key gas…
Nigeria Imports 245m Litres of Diesel as Modular Refineries Struggle to Meet…
Nigeria imported 244.9 million litres of diesel in July 2026 as modular refineries struggled to significantly…
Private Sector Credit Hits N83.43tn Despite High Interest Rates
Nigeria’s private sector credit rose to N83.43tn in July 2026, showing that businesses and other private-sector…
Dangote Says Tinubu Reforms Are Driving Refinery Growth, Investor Confidence
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has linked the growing…
World Bank Backs Nigeria’s Electricity Tariff, Subsidy Reforms to Fix Power Sector
The World Bank has thrown its weight behind Nigeria’s electricity tariff and subsidy reforms, saying the changes…
Nigeria’s Eurobond Yields Rise to 8.2% as Investors Demand Higher Sovereign Risk…
Nigeria’s Eurobond yields have climbed as high as 8.2 per cent, signalling that international investors are still…
SEC Proposes N3bn Minimum Capital for Forex Brokers, N5bn for Trading Platforms
The Securities and Exchange Commission (SEC) has proposed sweeping new rules for Nigeria’s online forex and…
Nigerian Stocks Lose N41 Billion as Large-Cap Shares Drag NGX Lower
Nigerian stocks lost about N41 billion in market value on Wednesday as sell-offs in major large- and…
Google Escapes Ad Business Breakup as US Judge Orders Changes to Its Operations
Google has avoided a major breakup of its advertising business after a US federal judge rejected the government’s…
OPEC+ Likely to Keep October Oil Output Unchanged as Iran War Disrupts Supply
OPEC+ is expected to keep its oil production policy unchanged for October as disruptions linked to the Iran war…
AfCFTA Unveils $5.17bn Digital Trade Corridor to Transform African Commerce
The African Continental Free Trade Area (AfCFTA) is set to strengthen digital trade across the continent with the…
NGX Megacaps Add N46.69 Trillion in Market Value in Eight Months of 2026
Nigeria’s biggest listed companies have delivered a major boost to the Nigerian Exchange (NGX), with nine megacap…