Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion
Nigeria’s foreign exchange market has kicked off the third quarter of 2026 on a strong note, recording its highest weekly…
Category: Business
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the NNPC Ltd/Seplat Energy Producing Nigeria…
NGX Rally Adds N1.86 Trillion as Cadbury, NAHCO and Dangote Cement Drive Broad Market Surge
Nigeria’s stock market extended its recovery streak on Tuesday as investors gained an impressive N1.86 trillion in a single trading…
Nigeria’s Banking Assets Surge to N180.37 Trillion as Financial Sector Powers Economic Growth
Nigeria’s financial sector is showing remarkable strength, with deposit money banks recording total assets of N180.37 trillion, equivalent to 41.8…
SEC Approves N6.94 Billion Beta Glass Takeover Offer by Emerald HoldCo
The Securities and Exchange Commission (SEC) has approved a mandatory takeover offer worth N6.94 billion by Emerald HoldCo B.V. for…
Nigerian Stocks Poised for Fresh Rally as Smart Investors Target NGX Opportunities
Nigeria’s stock market is showing renewed strength, with investors closely watching for the next major rally on the Nigerian Exchange…
FG Seeks Community Backing for Dangote Industrial City and Africa’s Largest Deep Seaport Project
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the proposed Dangote…
NOG Energy Week, Microfinance Bank Liquidation Lead Major Business Developments This Week
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and financial sectors take…
TCL Launches AI-Powered Smart Home Products in Nigeria, Eyes Local Assembly Expansion
Global consumer electronics giant TCL has strengthened its commitment to the Nigerian market with the launch of its 2026 lineup…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for Nigerians
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million barrels of crude oil over…
AfCFTA Digital Trade Forum Calls for Faster Implementation of Africa’s Digital Trade Protocol
The African Continental Free Trade Area (AfCFTA) Digital Trade Forum 2026 has ended with a strong call for member states…
Nigeria Revenue Service Generates N21.6 Trillion in Six Months as Tax Reforms Drive Record Revenue Growth
Nigeria’s revenue drive has gained significant momentum, with the Nigeria Revenue Service (NRS) generating an impressive N21.6 trillion in the…
Nasdaq Futures Slide as Chip Stocks Tumble, Raising Concerns Ahead of Q2 Earnings Season
U.S. stock futures traded mixed on Tuesday as a fresh wave of selling in semiconductor stocks dragged Nasdaq futures lower,…
Nigerian Stocks Gain N3.17 Trillion as Market Rally Pushes NGX Above 234,000 Points
The Nigerian stock market continued its impressive recovery on Monday, delivering a massive N3.17 trillion gain for investors as renewed…
CBN Targets Record N1.35 Trillion Liquidity Withdrawal with N2 Trillion Treasury Bill Sale in July
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the price of Premium…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation of its…
Dangote Cement Share Slump Wipes N4.23 Trillion Off Aliko Dangote’s Wealth Amid Market Repricing
Africa’s richest man, Aliko Dangote, has suffered a significant paper loss after a sharp decline in the share price of…
Tony Elumelu Steps Down as UBA Chairman After 12 Years, Emmanuel Nnorom to Lead Next Growth Phase
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set…
Ghana Settles $700 Million Eurobond Early, Pays $2.1 Billion to Investors Since 2025
The Government of Ghana has taken another major step in its debt recovery efforts by settling a $700 million Eurobond…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by…
Dangote Cement Sets Sights on 20% Emissions Reduction, 80MTPA Production Capacity by 2030
Dangote Cement Plc has announced an ambitious sustainability roadmap that will see the company reduce its net carbon dioxide (CO₂)…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its…
Nigeria, 8 others account for 83% of global gas flaring worth $54bn –World Bank
Nigeria has been named among nine countries responsible for more than 83 percent of global gas flaring in 2025, according…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms…
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Record
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing…
Nigerian Businesses Hold Ground Despite Rising Costs and Credit Challenges, NESG Report Shows
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence despite mounting economic pressures.…
AfCFTA and Economic Reforms Set to Drive Nigeria’s Investment Growth and Industrial Expansion
Nigeria’s ongoing economic reforms, combined with the opportunities created by the African Continental Free Trade Area (AfCFTA), are expected to…
Naira Remains Stable as CBN Tightens Policy and Rising Oil Output Strengthens FX Reserves
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors, and consumers…
NGX Loses N13 Trillion in June: How Investors Can Spot Bargains and Avoid Value Traps
Nigeria’s stock market endured a turbulent June 2026, wiping out more than N13 trillion in investor wealth as widespread selloffs…