Browsing Category
Business
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating…
Oil Prices Surge to $100 Amid Strait of Hormuz Tensions as Trump Criticizes NATO…
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel,…
Dangote Refinery, Marketers Partner to Strengthen Fuel Supply in Nigeria
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to…
Nigeria to Adopt T+1 Settlement Cycle in Capital Market from May 29, 2026
Nigeria’s capital market is set to transition to a T+1 settlement cycle starting May 29, 2026, a move aimed at…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of…
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move…
NGX All-Share Index Surges Past 200,000 Points as Investor Confidence Soars
Nigeria’s stock market reached a historic milestone on Monday as the NGX All-Share Index (ASI) surged past the…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal…
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite,…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock…
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for…
Transcorp Energy Secures World Bank-Backed Bid to Expand Renewable Power in Abuja
Transcorp Energy Limited has emerged as the successful bidder for key lots in the Federal Capital Territory under…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of…
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official…
GOIL CEO Warns StarOil Night Fuel Discount Could Breach Pricing Rules-Ghana
The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil…
Nigeria’s Economic Reforms Boost Capital Growth, Says NGX CEO
Nigeria’s economic reforms are already showing measurable impact on domestic capital formation and global…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and…
Dangote Secures $4.2B Gas Deal with China’s GCL to Power Ethiopia Fertiliser…
Dangote Industries Limited (DIL) has finalized a landmark $4.2 billion, 25-year natural gas supply agreement with…
Fuel Price Surge: 129,000MT Petrol, Diesel Vessels Arrive Nigeria Amid Import…
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No…
Nigeria–UAE Defence Technology Pact to Attract $200m Investment Boost
Nigeria is set to attract up to $200m in fresh investment following a landmark defence technology agreement between…
Nigeria Food Inflation Rises to 12.12% as Soaring Input Costs Hit Households
Nigeria’s food inflation climbed to 12.12 percent in February 2026, marking a sharp return to double-digit levels…
NGX Market Capitalisation Rises by N923 Billion as YTD Return Hits 27.5%
Bargain hunting in several blue-chip stocks propelled the Nigerian Exchange Limited (NGX) to a week of strong…
Nigeria Must Halt Petrol Imports to Protect Forex Reserves, Energy Group Warns
An energy policy group has called on President Bola Ahmed Tinubu to pause newly approved petrol import permits,…
Tinubu Launches Petroleum Reform Taskforce to Unlock $10 Billion Sector Value
President Bola Ahmed Tinubu has officially inaugurated the Presidential Petroleum Reform and Value Optimisation…
NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding…
Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust
The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central…
Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe,…
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note,…
BUA Cement Stock Surges 51% in 2026 as Investors Bet on Strong Growth
BUA Cement Plc’s shares have kicked off 2026 on a high note, climbing to N270 from N178.50 at the end of 2025, a…
Nigerian Stocks Surge: NGX All-Share Index Hits Record 198,407 Points
The Nigerian Exchange (NGX) closed the week ended March 13, 2026, on a high note, with the All-Share Index (ASI)…
Nigerian Breweries Invests 29% in Ogun rPET Recycling Facility to Boost…
Nigerian Breweries Plc has taken a significant step toward sustainability by acquiring a 29% stake in a new…
Nigeria Moves to Boost Stock Market Liquidity by Unlocking Tightly Held Shares
Nigerian regulators are stepping up efforts to boost liquidity in the country’s equity market by reviewing rules…
Nigeria’s Inflation Expected to Slow in February as Food Supply Improves –…
Analysts at Financial Derivatives Company (FDC) have projected a further slowdown in Nigeria’s inflation in…