Nigerian Stock Market Rebounds as Investors Drive N629bn Gain Amid Fresh Buying Interest
The Nigerian equities market closed on a positive note as renewed buying interest pushed overall market performance upward, adding a…
Category: Business
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage Growth in Lagos
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit…
Nigeria, Others Poised to Lead Africa’s $65bn Digital Finance Boom by 2030—BCG Report
Africa’s financial technology sector is on track for massive expansion, with revenue expected to reach about $65 billion annually by…
Food Prices in Nigeria Rise and Fall in March 2026, NBS Reports Mixed Trends
Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in March…
Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears
Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below $100 per…
Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand Surges
Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, marking…
FMDA projects N10.53 trillion inflows in May on heavy OMO maturities
Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows reaching N10.53…
Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive
Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in…
Nigeria Eurobonds rally as yields fall below 8% for the first time
Nigeria’s sovereign Eurobonds have entered historic territory, with yields dropping below 8 percent across the curve for the first time…
Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima
Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30 months, according to Vice-President Kashim Shettima.…
NGX Gains 0.41% as Airtel Africa Leads Rally, CWG Drives Market Activity
The Nigerian Exchange (NGX) closed trading on May 6, 2026, on a positive note, advancing by 0.41% to settle at…
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in…
Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline
Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026, reflecting a slight dip from…
Dangote Refinery Reverses Petrol Price Hike, Returns Ex-Depot Rate to N1,275 per Litre
The Dangote Petroleum Refinery has reversed its earlier decision to increase the ex-depot price of Premium Motor Spirit (PMS), bringing…
Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally
Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the United States…
Investor retreat drives Africa start-up funding to 13-month trough
Africa’s venture capital scene weakened further in April 2026 as investor caution deepened, pushing total start-up funding to its lowest…
Egypt Inflation Eases to 14.9% Despite Oil Price Shocks and Middle East Tensions
Egypt’s inflation rate slowed in April 2026, offering a rare sign of relief for consumers after months of persistent price…
Samsung Crosses $1 Trillion Valuation as AI Boom Fuels Record 15% Stock Rally
Samsung Electronics has officially joined the elite trillion-dollar club, as its market valuation surged past $1 trillion following a dramatic…
Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid De-escalation Hopes
Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in the plan…
Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply Chain
Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude oil made available…
Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil – NUPRC Report
Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million barrels of crude oil…
NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port Harcourt, Warri Plants
Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company Limited’s (NNPC) new partnership with two…
IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures
The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term,…
NGX Extends Trading Hours: Will Longer Sessions Boost Liquidity or Weaken Market Volumes?
Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange Limited (NGX).…
Naira Strengthens to N1,362/$ Amid Dollar Weakness, Extends FX Market Gains
Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its recent gains against the…
South Korea’s Kospi Hits Record High Above 7,000 as Samsung Surges
South Korea’s Kospi climbed to a fresh record on Wednesday, crossing the 7,000 mark as a broad rally swept across…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market…
CBN Reforms Strengthen Nigeria’s Economy Amid Global Shocks
Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle…
NGX Recovers Over N500m for Investors, Strengthens Market Integrity in Nigeria
The NGX Regulation Limited (NGX RegCo) has recovered more than N500 million for investors, reinforcing its commitment to investor protection…
Nigerian Stock Market Gains N63bn as May Trading Opens on Bullish Note
The Nigerian stock market kicked off trading for the month of May on a positive note, recording a gain of…