Nigeria’s Oil Sector Contributes 3.92% to GDP in Q1 2026 Despite Improved Growth Performance
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of 2026,…
Category: Business
Nigeria’s GDP Grows 3.89% in Q1 2026 as Agriculture and Services Power Economic Expansion
Nigeria’s economy began 2026 on a stronger footing, with the country’s Gross Domestic Product (GDP) expanding by 3.89% year-on-year in…
NGX Boss Urges CBN to Integrate Capital Market Development into Monetary Policy for Stronger Economic Growth
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the…
Naira Weakens to N1,375/$ Amid Rising FX Pressure Despite $48.72bn External Reserves
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure from…
Capital market awards spotlight rising investor participation
Nigeria’s capital market is once again taking centre stage as preparations begin for the second edition of the Capital Market…
MPC Holds Interest Rate at 26.5% as Inflation Pressures Rise: What It Means for Nigeria’s Economy
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR) unchanged at 26.5%,…
Nigeria’s Economic Pulse: NBS GDP Report, AfDB Meetings, Dangote Refinery IPO and Key Business Moves to Watch This Week
Nigeria and the wider African business landscape are set for a packed week of economic signals and high-level policy discussions,…
Nigerian Stock Market Rally Faces Overbought Signals Despite Strong Valuations and Bullish Outlook
The Nigerian Exchange Group (NGX) is riding one of its strongest bull runs in history, with the All-Share Index (ASI)…
Oil Prices May Crash as Iran–US Peace Talks Signal Possible Reopening of Strait of Hormuz
Global oil markets may be heading for a major shake-up as renewed Iran–US peace talks raise hopes of reopening the…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity and Economic Shock
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp increase in…
CPPE Defends Dangote Refinery, Rejects Monopoly Claims and Calls for Stronger Local Refining Support
The Centre for the Promotion of Private Enterprise (CPPE) has rejected allegations that the Dangote Refinery poses a monopolistic threat…
NGX Weekly Trade Value Falls 50% to N161.8bn as Investors Turn Cautious
Investor activity on the Nigerian Exchange (NGX) slowed sharply last week as the total value of shares traded dropped by…
Nigeria’s Foreign Reserves Rebound by $551 Million in May, Boosting Confidence in Economy and Naira Stability
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the first three weeks of May…
NNPC Battles Dangote Refinery in Court, Warns Against Fuel Market Monopoly
The Nigerian National Petroleum Company Limited (NNPC) has strongly opposed the lawsuit filed by Dangote Petroleum Refinery over fuel import…
Seplat Energy Targets Expansion, Approves 2025 Dividend Amid Record Production Surge
Seplat Energy Plc has entered a bold new phase of expansion, combining strong financial performance with an aggressive growth strategy…
Chinese Investors May Acquire 51% Stake in Port Harcourt and Warri Refineries as Nigeria Eyes NLNG-Style Deal
Nigeria is considering a major shift in its downstream oil sector that could see Chinese investors take a controlling 51…
CBN Sells N829.32bn Treasury Bills as Investors Rush Long-Term Papers Amid Strong Demand
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction…
BUA Cement Declares N338.64bn Dividend as Profit Surges, Targets 23m Tonnes Capacity Expansion
Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year,…
European Markets Rise as Stocks Open Higher Despite Puig Collapse and Global Oil Shock
European stock markets opened Friday on a positive note, with major indices posting gains despite growing geopolitical tension and mixed…
Naira Strengthens to ₦1,840/£1 as UK Political Tensions Weigh on Pound Sterling
The Nigerian naira has recorded a fresh gain against the British pound sterling, trading at ₦1,840/£1 according to the latest…
CBN Extends Breathing Space for Banks as Legal Bottlenecks Slow Recapitalisation Drive
he Central Bank of Nigeria (Central Bank of Nigeria) has assured that deposit money banks yet to fully meet the…
Oil Asset Security in Niger Delta Gets Boost as Youth Employment Programs Reduce Vandalism in Bayelsa
For years, oil-producing communities in Nigeria’s Niger Delta have faced a difficult cycle of unemployment, poverty, and rising frustration among…
How Elon Musk Will Expand His Control Through the SpaceX IPO and What It Means for Investors
Elon Musk is already known for his dominant influence over the companies he leads, and the upcoming SpaceX IPO appears…
Crude Oil Prices Drop on US–Iran Peace Deal Signals as Markets React to Geopolitical Shift
Global oil prices slipped on Thursday as optimism grew over a possible breakthrough in peace negotiations between the United States…
Lenovo Shares Surge Nearly 20% as AI Revenue Fuels Record-Breaking Earnings
Lenovo has posted one of its strongest financial performances in years, sending its shares soaring nearly 20% on Friday. The…
Trade growth: Nigeria’s maritime sector shows early gains from reforms
Nigeria’s maritime industry is beginning to show clear signs of recovery and expansion, with new data from Q1 2026 pointing…
African Marketplace 2026 Heads to Dubai to Attract Global Investors and Showcase Afro-Caribbean Excellence
African Marketplace is set to return in a bigger and more ambitious edition in 2026, with organisers confirming Dubai as…
European Stocks Swing on Iran Nuclear Tensions as Geopolitical Fears Shake Markets
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh geopolitical tension surrounding…
Sterling Financial Holdings Leads Trading as Nigerian Stock Market Rebounds, Gains 111 Points
The Nigerian stock market rebounded on Thursday, May 21, 2026, recovering from the previous session’s heavy losses as investors returned…
CBN Holds Interest Rate at 26.50%: What It Means for Mutual Funds, Pension Returns and Investors
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is expected…