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Business
CSCS Slashes Fees, Removes Family Transfer Charges to Attract More Retail…
The Central Securities Clearing System (CSCS) has announced a fresh round of fee reductions aimed at making…
CBN Focuses on Macro Stability as High Rates Attract Foreign Investors
Nigeria’s monetary policy is being driven more by the need to protect macroeconomic stability than by efforts to…
EBRD Invests $8m in Ventures Platform Fund to Back Nigerian, African Startups
The European Bank for Reconstruction and Development (EBRD) has invested $8 million in Ventures Platform…
Tinubu Backs $3.1bn AfCFTA Customs Modernisation Project to Boost African Trade
President Bola Ahmed Tinubu has thrown his weight behind the $3.1 billion AfCFTA Customs Modernisation Project,…
FG Targets 8,000MW Electricity Supply by 2027 as Nigeria Deepens Power Reforms
The Federal Government has set an ambitious target of 8,000 megawatts (MW) of electricity generation and…
Dangote Refinery Raises Alarm Over Rising Petrol Imports Despite Local Supply…
The Dangote Petroleum Refinery has raised concerns over what it described as the rising volume of imported petrol…
AI could make many jobs disappear forever, Bill Gates warns
Artificial intelligence could trigger one of the biggest disruptions to employment in modern history, with…
Nigerian Equities Market Loses N260bn as Selling Pressure Weighs on Investors
The Nigerian equities market closed lower as renewed selling pressure and profit-taking dragged investor wealth…
Nvidia Forecast Sends Nasdaq Higher as Chip Stocks Rally
The Nasdaq Composite climbed 0.8% on Thursday, leading gains across major U.S. stock indexes after Nvidia delivered…
Nigeria’s Manufacturing Sector Still Stuck Below 10% of GDP After a Decade of…
Nigeria’s manufacturing sector is struggling to break through a ceiling that has persisted for years. Despite…
Despite Cashless Policy, Nigeria’s Currency in Circulation Hits N5.73 Trillion as…
Nigeria’s currency in circulation has jumped 72.4% in five years to N5.73 trillion, highlighting a surprising trend…
Meta Agrees to $18 Billion Settlement Over Claims Its Platforms Harm Children
Meta has agreed to an $18 billion settlement with 52 US attorneys general following claims that Facebook and…
FG Disburses N600bn to 10 Million Households in Cash Transfer Programme
The Federal Government has disclosed that more than N600 billion has been disbursed to over 10 million households…
22% of NGX equity transaction volume executed via mobile trading platform
Mobile trading is changing the way Nigerians participate in the stock market, with Bamboo accounting for about 22…
Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session
The Nigerian equities market extended its losing streak on Wednesday, August 26, with investors continuing to sell…
Nigeria’s Foreign Reserves Cross $53 Billion, Hit Highest Level Since 2009
Nigeria’s foreign reserves have climbed above $53 billion for the first time in more than 17 years, reaching $53.11…
MTN Plans 150MW AI Data Centres in Nigeria and South Africa With UAE-Backed…
MTN Group is stepping deeper into Africa’s booming artificial intelligence space, with plans to develop AI-enabled…
Dangote Refinery Pushes Nigeria’s Petroleum Exports to Record High
Nigeria’s petroleum product exports have reached a record level, with seaborne shipments surging seven-fold since…
19 Nigerian Oil Licences Face 2026 Expiry as NUPRC Pushes Fresh Investment
Nineteen oil licences in Nigeria’s upstream oil and gas sector have stated expiry dates falling within 2026,…
Fixed-Income Trades Surge To N10.5trn As Investors Chase Higher Yields
Nigeria’s fixed-income market recorded a sharp increase in trading activity last week, with transactions climbing…
IMF Warns Excessive Regulation, Weak Institutions Could Slow G20 Growth
The International Monetary Fund (IMF) has warned that excessive regulation and weak institutions could hold back…
Top 10 Stockbrokers Control Nearly 60% of NGX Trading Activity
Nigeria’s stock market saw a significant concentration of trading activity among its leading brokerage firms…
FG Raises N7.62tn Through Domestic Bond Market in Eight Months
The Federal Government has raised N7.62tn from the domestic bond market between January and August 2026,…
Stocks Rise as Oil Prices Slip Amid Growing Iran Tensions
Global stocks gained on Tuesday while oil prices eased as investors weighed the United States’ latest economic…
CBN Offers N700bn Treasury Bills as Investors Watch Interest Rates
The Central Bank of Nigeria (CBN) is set to offer N700 billion in Treasury Bills today, August 26, 2026, in the…
Domestic Refineries Turn to Imports as Crude Supply Falls 25.4% in July
Crude imports by domestic refineries surged by 151.5 per cent in July 2026, rising to 5.13 million barrels from…
FX Turnover Surges 146% to $5.05bn as Nigeria’s Forex Market Sees Stronger…
Nigeria’s foreign exchange market recorded a major jump in activity as total FX turnover surged by 146.12 per cent…
Dangote Refinery Raises Petrol Price to N1,200 Despite Falling Crude Prices
Dangote Petroleum Refinery has increased its petrol price from N1,185 to N1,200 per litre, adding fresh pressure to…
Foreign Investors Cut Nigerian Stock Market Exposure as Political Risks Rise
Foreign investors are taking a more cautious approach to Nigeria’s equities market as political uncertainty, high…
NGX Correction Deepens as Investors Lock in Gains After Record Run
Nigeria’s equities market is experiencing a deeper correction as investors continue to take profits following a…