£746 Million UK-Nigeria Deal Set to Transform Lagos Ports
Nigeria and the United Kingdom have signed a landmark £746 million (£1.4 billion) financing agreement to redevelop the Lagos Port Complex (Apapa Quays) and TinCan Island Port Complex, two of…
Nigeria $2 Billion Fibre Project Gets $6.1 Million Boost for Experts to Expand Broadband Access
The federal government of Nigeria is fast-tracking a $2 billion nationwide fibre-optic expansion, earmarking $6.1 million for consultancy services to ensure proper planning and execution. According to a World Bank…
New Tax Law Raises Bar for Professionals, Redefines Tax Practice in Nigeria
The enactment of Nigeria’s new tax reform laws has significantly raised the importance of certified tax professionals in the country’s fiscal system, the Chartered Institute of Taxation of Nigeria (CITN)…
Rebuilding Nigeria’s Commodities and Futures Exchange: Key to Economic Diversification
Nigeria’s ambition to diversify its economy beyond oil has placed agriculture, solid minerals, and manufacturing at the center of policy discussions. Yet, a critical piece of the economic puzzle remains…
Nigerian Equities Surge N1.086 Trillion as Banking and Large-Cap Stocks Drive Market Rally
The Nigerian equities market recorded a significant boost on Tuesday, advancing by N1.086 trillion as renewed investor interest in select large-cap and banking stocks lifted overall market sentiment. The All…
FG and NGX Champion Women’s Participation in Nigeria’s Capital Market
The federal government and the Nigerian Exchange Group (NGX) are intensifying efforts to boost women’s participation in Nigeria’s capital market, warning that their exclusion hinders economic growth and the nation’s…
Africa Must Strengthen Industrial Cybersecurity Amid Rising Digital Threats
As Africa’s industrial market grows, cybersecurity experts are urging companies to upgrade their digital defenses. The continent’s cybersecurity market, valued at $0.68 billion in 2025, is projected to more than…
Cardoso Calls for African Financial Regulators to Unite Against Rising Cross-Border Risks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on African financial regulators to strengthen collaboration to address rising cross-border risks as financial integration across the…
UK-Educated Alumni Drive Nigeria’s Tech, Culture, and Healthcare Innovation — British Council
Nigerians educated in the United Kingdom are making a lasting impact across technology, culture, healthcare, and social development, the British Council highlighted during its Study UK Alumni Awards in Lagos.…
Nigeria Needs $100bn Investment to Achieve Reliable Electricity, Says FG
Nigeria requires more than $100 billion in investments across its power sector to ensure a reliable, round-the-clock electricity supply, the Federal Government has said. Speaking at a press briefing in…
NNPC to Increase Oil Production by 100,000 BPD Amid Global Energy Pressures
Nigeria’s state oil company, the Nigerian National Petroleum Company Limited (NNPC), is set to increase its oil output by approximately 100,000 barrels per day (bpd) in the coming months, its…
European Markets Rise as U.S.-Iran Talks Ease War Tensions
European stock markets are poised for a stronger open on Wednesday, lifted by growing optimism that tensions between the United States and Iran could ease. Investors reacted positively to signals…
Naira Weakens to N1,383.5/$ as External Reserves Fall to $49.6 Billion
The Nigerian naira recorded a slight depreciation on Tuesday, settling at N1,383.5 per dollar, compared to N1,383/$ on Monday, as pressure mounts from declining external reserves and cautious global market…
CBN Orders IMTOs to Open Naira Settlement Accounts to Boost FX Transparency
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open and maintain naira settlement accounts with authorised dealer banks, in a decisive move to…
Global Trade Moves 500bn Tonnes of Virtual Water Yearly – World Bank Report
Global trade is responsible for transporting an estimated 500 billion tonnes of “virtual water” each year, according to a new World Bank report, underscoring the deep connection between international commerce…
Federal Government Inaugurates New PenCom Board to Safeguard N28 Trillion Pension Assets
The federal government has officially inaugurated the new governing board of the National Pension Commission (PenCom), charging its members with the critical responsibility of safeguarding N28 trillion in pension assets…
Enugu Emerges as Top Investment Destination: Governor Mbah Sparks UK Investors’ Interest
Enugu State is fast emerging as a prime investment destination, following a high-profile engagement in London where Governor Peter Mbah showcased the state’s economic potential. Speaking at the UK-Nigeria Project…
Tinubu, Barbadian PM to Lead Inaugural Niger Delta Economic and Investment Summit
President Bola Tinubu and the Prime Minister of Barbados, Hon. Mia Amor Mottley, are set to attend the inaugural Niger Delta Economic and Investment Summit and Exhibition, taking place in…
Petrol Hits N1,400/Litre: NLC, OPS Demand Urgent Government Action Amid Fuel Crisis
The Organised Private Sector (OPS) and the Nigeria Labour Congress (NLC) have urged the Federal Government to act immediately as petrol prices soar toward N1,400 per litre in several parts…
UK’s £746 Million Investment Signals Global Confidence in Nigeria’s Economy – Dangote
The recent £746 million investment by the United Kingdom, announced during President Bola Tinubu’s state visit to London, signals strong international confidence in Nigeria’s economy, according to Alhaji Aliko Dangote,…
European Stocks Struggle Amid Iran Conflict Uncertainty – Market Volatility Persists
European stocks struggled to find clear direction on Tuesday as uncertainty surrounding the Iran conflict weighed heavily on investor sentiment. The pan-European Stoxx 600 index opened largely flat, reflecting a…
Top 5 NGX Industrial Goods Companies with Assets Above N20 Billion in FY2025
The Nigerian Exchange (NGX) industrial goods sector continues to show strong growth, with five leading companies reporting combined total assets of N9.31 trillion for the financial year ended December 2025.…
Global Markets Rebound After Trump Postpones Strike: S&P 500 Leads Recovery
Global stock markets staged a strong recovery on March 23, 2026, following U.S. President Donald Trump’s announcement that planned military strikes on Iran had been postponed. S&P 500 futures climbed…
Nigeria’s Eurobonds Rebound as Yields Ease to 7.18% Amid Global Market Tensions
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields across maturities fell to 7.18% from 7.25%. Data from Lagos-based Meristem shows…
NNPC Eyes 100,000 bpd Boost in Nigeria’s Crude Oil Production Amid Global Supply Tensions
Nigeria could soon see a significant boost in crude oil production, with the Nigerian National Petroleum Company Limited (NNPC Ltd) projecting an increase of about 100,000 barrels per day (bpd)…
Dangote Refinery Expands Africa Fuel Supply Amid Global Shortages
The Dangote Petroleum Refinery has made a major move to support Africa’s energy needs, exporting 12 cargoes of refined petroleum products totaling 456,000 tonnes to Côte d’Ivoire, Cameroon, Tanzania, Ghana,…
CBN Sets Sights on Single-Digit Inflation with New Monetary Policy Framework
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to bringing inflation down to single-digit levels as it transitions to an inflation-targeting monetary policy framework. The apex bank outlined…
European Stocks Rebound as Trump Signals Iran War De-escalation
European stock markets staged a strong comeback on Monday after U.S. President Donald Trump hinted at a potential de-escalation in tensions with Iran, calming investor nerves following days of uncertainty.…
Dangote LPG Price Hike Pushes Cooking Gas to N1,000/kg in Nigeria
The cost of cooking gas in Nigeria is climbing again, raising fresh concerns for households already dealing with rising living expenses. Industry marketers have warned that the recent price adjustment…
Dangote Refinery Threatens Fuel Export Amid Fresh Petrol Import Licences
Nigeria’s energy landscape faces a potential shake-up as the Dangote Petroleum Refinery considers exporting all its petrol, diesel, and jet fuel from its 650,000-barrel-per-day facility in Lekki, Lagos State. Sources…