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CBN Cuts Interest Rate to 23% as Inflation Eases, Lowest Level Since February 2024
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) to 23 percent, marking the first…
Nigeria’s Foreign Reserves Hit $55 Billion, Highest Level in Over 18 Years
Nigeria’s foreign reserves have crossed the $55 billion mark, reaching their highest level in more than 18…
CBN’s 350bps Rate Cut Could Spur Economic Growth, Raise FX Pressure Risks
The Central Bank of Nigeria (CBN) has taken a major step toward supporting economic growth, cutting its…
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash outside banks in Nigeria rose to N4.87 trillion in August 2026, reversing a three-month downward trend,…
NGX Chief Popoola Says Africa’s Next Capital Market Opportunity Lies in Unlocking…
Africa’s capital markets could be entering a new phase as the focus shifts from relying heavily on foreign…
Strait of Hormuz Shipping Traffic Plunges as Saudi Arabia Boosts Oil Exports
Shipping activity through the Strait of Hormuz has fallen sharply, highlighting growing pressure on one of the…
Pertamina Eyes Nigeria’s 2026 Oil Licensing Round as Investment Interest Grows
Indonesia’s state-owned energy company, Pertamina, is exploring investment opportunities in…
Dangote Expands Refinery, Acquires 4,000 Machines to Raise Capacity to 1.4 Million…
Dangote Industries Limited has stepped up plans to expand its Lekki refinery in Lagos, acquiring an…
NMDPRA Says It Does Not Fix Petrol Prices as Pump Prices Rise to N1,450
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it…
Dangote IPO Could Transform Nigeria’s Capital Market as Millions Gain Access to…
The Dangote IPO Nigeria is emerging as more than a landmark share sale for Africa’s biggest refinery. The…
CPPE Raises Alarm Over Growing Presence of Foreign Traders in Nigeria’s Retail…
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the growing…
Brent Crude Falls to $101.71 as US-Iran Diplomacy Hopes Weigh on Oil Prices
Oil prices started the week lower as investors reacted to growing hopes of renewed diplomatic talks…
Nigeria’s Oilserv secures deal to develop two oil and gas blocks in Gabon
Nigeria’s energy infrastructure company Oilserv has signed an agreement with the Gabonese Government to…
Dangote Refinery Sourced 60% of Crude Locally as Nigerian Feedstock Hits 116m…
The Dangote Petroleum Refinery sourced about 60 per cent of its crude feedstock from Nigeria in the 12 months ended…
Nigeria’s Foreign Reserves Rise $12.76bn in One Year to $54.61bn
Nigeria’s gross foreign exchange reserves have climbed by $12.76 billion in one year, reaching $54.61 billion as of…
Dangote Applauds NGX Leadership as Capital Market Transformation Gains Momentum
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has commended the leadership of…
9 Companies Dominate NGX, Control 68% of N157.7trn Market Capitalisation
Nigeria’s equity market is becoming increasingly concentrated in a handful of major companies, with nine firms…
NGX investors gain N1.1trn in three days as stocks rally despite Dangote IPO…
The Nigerian Exchange (NGX) recorded a N1.1 trillion increase in market capitalisation over three trading sessions,…
Nigerian Equities Extend Winning Streak to Five Sessions, Market Cap Gains N316bn
The Nigerian equities market extended its bullish run to a fifth consecutive trading session on Wednesday, as…
Nigeria Raises N748.6bn From FGN Bonds as Borrowing Rates Ease
Nigeria’s Federal Government has raised N748.64bn through its September 2026 FGN bond auction, as investors showed…
FG Begins Six-Week Review of Nigeria’s New Tax Laws Amid Business Concerns
The Federal Government has commenced a six-week review of Nigeria’s new tax laws following concerns from businesses…
Dangote Refinery Defends $49bn Valuation as Global Rivals Face Mounting Pressure
The Dangote Petroleum Refinery is defending its proposed valuation of nearly $49 billion, arguing that its…
Seplat Energy Shares Hit Record N14,907 as Oil Market Disruptions Drive Investor…
Seplat Energy shares hit a fresh record on the Nigerian Exchange Limited (NGX), climbing to N14,907.80 as renewed…
NGX Market Cap Rises to N159.9tn as Trading Volume Surges to 1.1bn Shares
The Nigerian Exchange (NGX) extended its bullish run on Thursday, September 17, 2026, as investors added about…
World Bank Mobilises Record $112bn Private Capital for Developing Economies
The World Bank Group has mobilised a record $112 billion in private capital for developing economies in its 2026…
Nigeria’s Portfolio Inflows Rise 14.4% to $6.03 Billion in Q1 2026
Nigeria recorded a sharp increase in portfolio investment inflows in the first quarter of 2026, with foreign…
UK Inflation Rises to 3.1% as Petrol and Diesel Prices Surge
The United Kingdom’s inflation rate climbed to 3.1 percent in August 2026, up from 2.9 percent in July, as rising…
Meta Launches AI Subscription Plans as Tech Giant Expands Push to Monetise…
Meta has launched Meta One, a new subscription service that gives users expanded access to artificial intelligence…
All On Invests $5m in PowerGen to Expand Mini-Grids, Reach 41,000 Nigerians
Renewable energy investment firm All On has committed $5 million to PowerGen Renewable Energy Nigeria Limited to…
Fuel Price Warning: Oil Shock Could Push Brent to $120, Raise Costs for Nigerians
Nigeria is facing a fresh fuel price warning as disruptions to global oil supplies threaten to push Brent crude…