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…
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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…
UAE Energy Firm Moves to Acquire 90% Stake in Azura Power
Abu Dhabi-based energy infrastructure platform ePointZero is set to acquire a 90 percent stake in Azura Power…
Uber shuts down operations in Nigeria
Global ride-hailing company Uber has announced plans to wind down its operations in Nigeria and Uganda, effective…
NGX Closes August Strong as ASI Jumps 1.20%, Investors Eye September Rally
The Nigerian Exchange Limited (NGX) ended August on a strong note as renewed buying interest pushed the All-Share…
CBN to Offer N700bn Treasury Bills in September’s First Auction
The Central Bank of Nigeria (CBN) is set to offer N700 billion worth of Nigerian Treasury Bills (NTBs) in its first…
SEC Proposes N5bn Capital Requirement, Tightens Rules for Online Forex Trading
The Securities and Exchange Commission (SEC) has proposed tougher rules for online forex and contracts for…
Dow Falls 374 Points as U.S.-Iran Strikes Rattle Markets, But Wall Street Ends…
The Dow Jones Industrial Average fell sharply on Monday as renewed military strikes between the United States…
Ventures Platform Raises $84m as Investors Double Down on African Startups
Ventures Platform has secured $84 million in fresh funding for its second institutional fund, surpassing its…
Nigeria’s Private Sector Activity Hits 7-Month Growth Streak as New Orders Reach…
Nigeria’s private sector activity gained fresh momentum in August as stronger customer demand and new product…
Forex Utilisation in Nigeria Jumps 74% to $16.35bn in Q1 2026
Foreign exchange utilisation in Nigeria surged by 74 per cent year-on-year to $16.35 billion in the first quarter…