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…
Category: Business
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…
143 Companies Compete for 50 Oil Blocks as Nigeria Enters Crucial Licensing Round
Nigeria’s quest to attract fresh investment into its oil and gas sector reaches a critical stage today as 143 companies…
Fintech expert advocates single African currency to boost trade
The push for a single African currency has once again taken center stage as fintech expert and Condia founder, Benjamin…
Nigeria Poised to Build Africa’s Largest Capital Market, Says NGX CEO Temi Popoola
Nigeria has the potential to become home to one of Africa’s largest and most influential capital markets, according to the…
Dangote’s Dollar Fuel Sales Spark Fresh Fears Over Petrol Prices and Naira Stability
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following Dangote Refinery’s decision to begin selling refined petroleum products…
FGN Bond Auction Draws N1.74 Trillion Demand as DMO Allots N929.3 Billion to Investors
Nigeria’s Debt Management Office (DMO) has recorded overwhelming investor interest in its July 2026 Federal Government of Nigeria (FGN) bond…
Oil Marketers Raise Alarm Over N1,350 Petrol Pricing, Question Import Licences
Nigeria’s downstream petroleum sector is facing fresh controversy as oil marketers have accused major fuel importers of selling petrol at…
NGX Free Float Rule: Why a Mandatory 20% Requirement Could Transform Nigeria’s Stock Market
Calls are growing for the Nigerian Exchange (NGX) to enforce a strict 20% free float requirement for all listed companies,…
Treasury Bills Outperform Inflation as Nigeria’s Fixed-Income Market Delivers Positive Real Returns
Nigeria’s fixed-income market is experiencing a significant turnaround as Treasury bills and Federal Government of Nigeria (FGN) bonds are once…
Cooking gas imports surge by 1,400% as petrol supply dips by 22%
Nigeria’s dependence on imported cooking gas has intensified after Liquefied Petroleum Gas (LPG) imports soared by an astonishing 1,400 percent…
States Pocket N2.37tn VAT Windfall as New Tax Sharing Formula Boosts Revenue
State governments across Nigeria received a massive N2.37 trillion from Value Added Tax (VAT) revenue in the first half of…