Nigeria’s Money Supply Climbs to N133.25 Trillion Despite High Interest Rate Regime
Nigeria’s broad money supply surged to N133.25 trillion in June 2026, highlighting continued liquidity growth in the economy despite the…
Category: Business
Dangote Raises Petrol Ex-Depot Price to N1,215 as Naira Sales Resume
Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), commonly known as petrol, in naira after a…
In Huaxin, Dangote and BUA face a rival powered by Hong Kong capital
Nigeria’s cement industry is entering a new era of competition as Chinese building materials giant Huaxin Cement strengthens its foothold…
CBN Explains N100, N200 Note Scarcity as Digital Payments Gain Ground in Nigeria
The Central Bank of Nigeria (CBN) has attributed the growing scarcity of N100 and N200 notes across the country to…
Nigeria’s FX Reserves Climb to $52.5bn as Crude Oil Tax Revenue Boosts External Buffers
Nigeria’s foreign exchange reserves have recorded a significant increase, reaching $52.52 billion as of July 17, 2026, according to the…
NGX Gains N307bn as Investor Demand Pushes Market Capitalisation Above N159tn
The Nigerian Exchange (NGX) extended its winning streak on Tuesday, adding a remarkable N307 billion to investors’ wealth as renewed…
Stock Futures Slip as Oil Prices Surge Ahead of Major Tech Earnings Reports
Wall Street is facing renewed pressure as stock futures edged lower early Wednesday while oil prices climbed sharply, adding fresh…
Financial stability remains foundation for growth – Oyedele
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stressed that financial stability remains the cornerstone…
CBN Holds Interest Rate at 26.5% as Businesses Back Cautious Approach Amid Global Uncertainty
Nigeria’s business community and leading economists have thrown their support behind the Central Bank of Nigeria’s decision to maintain the…
Outgoing British High Commissioner Hails Tinubu’s Economic Reforms
As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his weight behind…
China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in 2026
China’s next move in the oil market is rapidly becoming one of the most closely watched factors shaping global energy…
Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost Economic Outlook
Nigeria is poised to benefit from a fresh wave of oil-driven revenue growth as global crude prices continue to climb…
Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation
Nigeria’s stock market ended the week on a cautious note as losses in industrial stocks overshadowed a strong rally in…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing the…
Investors shun 13 out of 50 oil blocks. NUPRC Plans fresh bid
Nigeria’s oil and gas sector recorded a mixed outcome in the 2025 Licensing Round as investors declined to bid for…
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity Reforms
The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts owed to…
CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit Inflation Goal
Nigeria’s journey toward achieving single-digit inflation may take longer than expected as persistent global economic shocks continue to put pressure…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market Capitalisation Race
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time market leader Zenith Bank…
NGX Emerges Africa’s Second-Best Stock Market as Investors Drive 47.4% Surge in First Half of 2026
The Nigerian Exchange (NGX) has cemented its position as one of Africa’s strongest-performing equity markets, delivering an impressive 47.43% return…
FG Bond Auction Draws Massive Demand as Investors Subscribe ₦1.74tn in July
Investor confidence in Federal Government securities remained strong in July as the Debt Management Office (DMO) recorded an impressive ₦1.74tn…
FG returns 13 oil blocks to licensing basket
The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round…
Breaking: CBN retains interest rate at 26.5%
The Central Bank of Nigeria (CBN) has once again maintained the Monetary Policy Rate (MPR) at 26.5 percent, signaling a…
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience Across Africa
African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in the continent’s insurance and reinsurance…
FG rejects reports of N80tn fresh public borrowing
The Federal Government has dismissed claims that President Bola Tinubu’s administration borrowed an additional N80 trillion since assuming office, describing…
Stock Futures Rise as Strong Corporate Earnings Offset Iran War Concerns
Wall Street showed renewed optimism on Tuesday as stock futures moved higher, with investors turning their attention from ongoing geopolitical…
Shareholders Push for Strict 20% Free Float Rule to Boost NGX Liquidity and Investor Confidence
Nigeria’s capital market stakeholders are calling for stricter enforcement of the 20% free float rule, arguing that stronger compliance is…
Treasury Yields Hold Steady as Middle East Tensions Keep Investors on Edge
U.S. Treasury yields traded mostly lower on Tuesday as investors carefully weighed growing geopolitical tensions in the Middle East against…
Nigeria’s Petrol Imports Surge 207% as Local Supply Drops Despite Dangote Refinery Output
Nigeria’s petrol imports recorded a dramatic increase of 207 percent in June, highlighting the country’s continued reliance on imported fuel…
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle verified legacy debts…
NNPC Defends Naira-for-Crude Deal as Dangote Refinery Raises Alarm Over Supply Shortfall
A fresh dispute has emerged between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery over the…