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European Markets Set to Open Lower as Trump Tariff Threats Deepen Trade…
European stock markets are expected to open in negative territory on Tuesday as renewed concerns over trade tariffs…
Dangote Petrol Price Unmatched: No Filling Station Sells Cheaper Than N739
Oil marketers in Nigeria have dismissed reports that some filling stations are selling petrol cheaper than the N739…
SEC Strengthens Nigerian Capital Market with Tenor Limits and Capital Boost
In a recent series of decisive moves, the Securities and Exchange Commission (SEC), under the leadership of…
IMF Raises Nigeria’s 2026 Economic Growth Forecast to 4.4%
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 upward to 4.4%,…
Heirs Energies Boosts Oil Production to 50,000bpd in Five Years, Strengthening…
Heirs Energies has announced a major operational milestone, revealing that it has sustainably doubled its…
Naira Ends Week at N1,417.95/$ as Nigeria’s External Reserves Rally
The naira closed the week on a positive note, trading at N1,417.95 per dollar in Nigeria’s official foreign…
New Tax Laws Set to Boost SMEs’ Growth in Nigeria
Nigeria’s recently enacted tax laws are expected to provide a major boost for small and medium-sized enterprises…
NGX Market Capitalization Hits N217.7 Trillion Amid Strong Equities and ETF Growth
The Nigerian Exchange (NGX) recorded a remarkable surge in total market capitalization, closing mid-January 2026 at…
European Markets Slide Amid Trump’s Greenland Tariff Threat: Autos and Luxury…
European markets tumbled on Monday as investors reacted to U.S. President Donald Trump’s controversial threat to…
Nigerian Stock Market Surges N2.6 Trillion as Positive Momentum Continues in 2026
The Nigerian stock market continued its strong performance in the second week of 2026, adding N2.6 trillion to its…
SEC’s New Capital Rules Raise Concerns Among Portfolio Managers: Market…
Nigeria’s Securities and Exchange Commission (SEC) has unveiled its most significant overhaul of capital…
Champion Breweries Raises N42bn to Acquire Bullet Brands, Expands into Energy…
Champion Breweries Plc has announced plans to raise N42 billion through a public offer of ordinary shares to fund…
Elon Musk Demands $134 Billion from OpenAI Ahead of Trial Over $500B Valuation
Elon Musk is turning up the heat on OpenAI, demanding between $79 billion and $134 billion in damages as his…
Dangote Group to Build World’s Largest Single-Site Refinery with $350 Million…
Nigeria’s Dangote Group has taken a major step toward transforming the country into a regional petroleum powerhouse…
Nigeria’s US Crude Oil Imports Surge to 42 Million Barrels in 10 Months
Nigeria’s crude oil imports from the United States soared to over 42 million barrels in the first ten months of…
Petrol Imports Still Dominate Nigeria’s Fuel Market Despite Rising Domestic…
In 2025, petrol imports continued to dominate Nigeria’s fuel market, accounting for 62.47% of total Premium Motor…
Conference explores role of cash in digital-first economy
The Committee of Heads of Bank Operations (CHBO) in Nigeria is set to host its annual conference on Friday, 23…
Global Markets Face Volatility as US–Europe Trade Tensions Resurface Over Tariff…
Global financial markets are bracing for renewed volatility following fresh trade tensions between the United…
SEC Revises AUM Capital Requirement to 0.1% After Industry Pushback
The Securities and Exchange Commission (SEC) has clarified that fund and portfolio managers will now be required to…
EU removes Nigeria, five African countries from high-risk financial list
The European Union (EU) has officially removed Nigeria and five other African countries from its list of high-risk…
Nigeria’s Capital Market at Risk of Overregulation
Nigeria is entering a phase of overregulation that risks undermining the capital market it seeks to strengthen. The…
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million…
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total…
NRS Clarifies: No New VAT on Banking Services Under Nigeria Tax Act
The Nigeria Revenue Service (NRS) has dismissed circulating reports suggesting that the new Nigeria Tax Act…
LIRS Sets January 31 Deadline for 2025 Tax Returns: Employers Urged to File Early
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is…
NGX, DEG Drive Net-Zero Transition to Unlock $3 Billion in Climate Funding for…
The Nigerian Exchange Group (NGX Group), in partnership with Germany’s development finance institution DEG and…
NRS: VAT on bank charges NOT introduced by new tax laws
The Nigeria Revenue Service (NRS) says value-added tax (VAT) on bank services charges was not introduced by the new…
FG Explains N152 Trillion Public Debt, Says Rise Not Due to New Borrowing
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due…
BREAKING: SEC raises capital requirements for brokers, fund managers, digital…
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a major overhaul of capital requirements for…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity…