NGX Profit Taking Erases N1.32 Trillion in Massive Monday Sell-Off
It was a bruising start to the trading week on the Nigerian Exchange (NGX) as a heavy wave of profit-taking…
Category: Business
Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry Leaders Demand Urgent Reforms
Nigeria’s manufacturing sector generated an impressive N1.17 trillion in Value Added Tax (VAT) revenue in 2025, representing a 45.61 percent…
Negative sentiments resume as capitalisation dips by N1.32tr
It was a bruising Monday for investors on the Nigerian Exchange (NGX) as a sudden wave of panic-selling wiped a…
AS US, Iran Resume Hostilities over Strait of Hormuz, Dangote to Now Sell Fuel in Dollars
The fragile peace in the Middle East has shattered once again. A fresh wave of military strikes between the United…
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared to an average of 1.56…
Stock market investors trade N220.6bn shares as banking sector dominate activity
The Nigerian Exchange (NGX) turned into a bustling financial powerhouse this past week as stock market investors traded a massive…
Tanzanian Billionaire Backs Dangote’s Kenya Refinery Plan with $100 Million Investment Offer
Africa’s drive toward industrial self-sufficiency received a major boost after Tanzanian billionaire Mohammed Dewji announced his willingness to invest $100…
Nigeria’s Stock Overtakes South Korea As World’s Best-Performing
Nigeria’s stock market has climbed to the top of the global rankings, emerging as the world’s best-performing equity market in…
Nigerian bourse overtakes South Korean equities to claim world’s best-performing stock market
Nigeria’s stock market has claimed the title of the world’s best-performing equity market in dollar terms for 2026, surpassing South…
NGX Surges to Record N155.59tn as Investor Confidence Sparks Historic Market Rally
The Nigerian Exchange (NGX) delivered another landmark performance on Wednesday, with market capitalisation soaring to an unprecedented N155.59 trillion as…
NGX Investors Gain N3.45 Trillion as Blue-Chip Stocks Drive Powerful Midweek Rally
The Nigerian stock market delivered a strong performance on Wednesday as investors recorded a massive N3.45 trillion gain, extending the…
Nasdaq Futures Climb as Chip Stocks Rally Despite Rising U.S.-Iran Tensions
Wall Street showed signs of resilience on Thursday as Nasdaq futures advanced, driven by strong gains in semiconductor stocks, even…
IMF Maintains Nigeria’s 4.1% Growth Forecast for 2026 Amid Global Uncertainty and Middle East Tensions
Nigeria’s economic outlook has received a vote of confidence from the International Monetary Fund (IMF), which has maintained its growth…
Nigeria, Ghana deepen bilateral maritime cooperation
Nigeria and Ghana have taken a major step toward strengthening maritime ties after signing a new Memorandum of Understanding (MoU)…
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability
The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor Spirit (PMS), popularly known as…
Oil Hits $80 as Trump Ends Iran Ceasefire, Raising Fresh Fuel Price Fears Worldwide
Global oil markets were thrown into fresh uncertainty on Wednesday after crude prices climbed to $80 per barrel following a…
S&P Places Nigeria on 2027 Watchlist for Frontier Market Return as Reforms Gain Global Recognition
Nigeria’s efforts to rebuild investor confidence and strengthen its capital market have received a major boost as S&P Dow Jones…
Dangote Chooses Kenya’s Lamu for $17 Billion Mega Refinery as Engineering Work Begins
Aliko Dangote, Africa’s richest businessman, has officially chosen Lamu Island on Kenya’s coast as the location for a massive $17…
NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants Toward Self-Sustainability
The Nigerian National Petroleum Company Limited (NNPC) has unveiled a major shift in its refinery financing strategy, announcing that the…
CBN Warns Against Rejection of N100 Notes, Confirms Standard and Commemorative Versions Remain Valid
The Central Bank of Nigeria (CBN) has moved to end growing confusion surrounding the circulation of the N100 banknote, reaffirming…
Dangote Cement’s N753.8bn Dividend Set to Boost NGX as Investors Eye Market Rebound
Investors on the Nigerian Exchange (NGX) are set for a major cash windfall as Dangote Cement Plc begins the distribution…
Nigerian Investors Pocket N3.45 Trillion as Stock Market Rally Extends, Boosting Market Confidence
The Nigerian stock market delivered another impressive performance on Tuesday, adding N3.45 trillion to investors’ wealth as renewed buying interest…
NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream Investments
Nigeria has taken another major step toward revitalizing its oil and gas industry as the Nigerian Upstream Petroleum Regulatory Commission…
IMF Warns Rising Food Prices Could Deepen Poverty in Nigeria Despite Stronger Economic Growth Outlook
The International Monetary Fund (IMF) has retained its forecast that Nigeria’s economy will grow by 4.1 percent in 2026, offering…
Airtel Africa Powers NGX Rally as Investors Gain N3.45 Trillion, Market Return Climbs Above 55%
The Nigerian stock market staged a remarkable comeback on Wednesday, delivering its strongest single-day performance in weeks as investors gained…
Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief
Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free delivery of Premium Motor Spirit…
IMF Cuts Global Growth Forecast for 2026 as Middle East Conflict Clouds Economic Outlook
The International Monetary Fund (IMF) has once again lowered its forecast for global economic growth in 2026, warning that lingering…
Oil Surges, Global Stocks Tumble as Trump Declares Iran Ceasefire Over
Global financial markets were thrown into fresh uncertainty on Wednesday after United States President Donald Trump declared that the ceasefire…
FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment Window
The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings…