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Category: Business

NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s 2025 Oil Licensing Round
BusinessEnergyinvestmentLocal

NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s 2025 Oil Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding exploration licences for years…

byayotilewaMarch 16, 2026
Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust
BankingBusinessFinanceLocal

Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust

The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central Bank of Nigeria…

byayotilewaMarch 16, 2026
Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses
BusinessEconomyLocal

Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses

Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe, Chairman of…

byayotilewaMarch 16, 2026
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
BusinessFinanceLocal

Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains

The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note, reflecting renewed investor…

byayotilewaMarch 16, 2026
BUA Cement Stock Surges 51% in 2026 as Investors Bet on Strong Growth
BusinessLocalStock

BUA Cement Stock Surges 51% in 2026 as Investors Bet on Strong Growth

BUA Cement Plc’s shares have kicked off 2026 on a high note, climbing to N270 from N178.50 at the end…

byayotilewaMarch 16, 2026
Nigerian Stocks Surge: NGX All-Share Index Hits Record 198,407 Points
BusinessLocalStock

Nigerian Stocks Surge: NGX All-Share Index Hits Record 198,407 Points

The Nigerian Exchange (NGX) closed the week ended March 13, 2026, on a high note, with the All-Share Index (ASI)…

byayotilewaMarch 16, 2026
Nigerian Breweries Invests 29% in Ogun rPET Recycling Facility to Boost Sustainable Packaging
BusinessLocal

Nigerian Breweries Invests 29% in Ogun rPET Recycling Facility to Boost Sustainable Packaging

Nigerian Breweries Plc has taken a significant step toward sustainability by acquiring a 29% stake in a new food-grade recycled…

byayotilewaMarch 16, 2026
Nigeria Moves to Boost Stock Market Liquidity by Unlocking Tightly Held Shares
BusinessinvestmentLocal

Nigeria Moves to Boost Stock Market Liquidity by Unlocking Tightly Held Shares

Nigerian regulators are stepping up efforts to boost liquidity in the country’s equity market by reviewing rules around free-float requirements…

byayotilewaMarch 16, 2026
Nigeria’s Inflation Expected to Slow in February as Food Supply Improves – Analysts
BusinessLocalMacroeconomic

Nigeria’s Inflation Expected to Slow in February as Food Supply Improves – Analysts

Analysts at Financial Derivatives Company (FDC) have projected a further slowdown in Nigeria’s inflation in February, citing improved food supply…

byayotilewaMarch 16, 2026
Cash Outside Banks Drops by N198bn as Nigeria’s Money Supply Dips in January 2026
BankingBusinessEconomyLocal

Cash Outside Banks Drops by N198bn as Nigeria’s Money Supply Dips in January 2026

Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn returning to formal…

byayotilewaMarch 16, 2026
Nigerian Stocks Near Bubble Territory: Investors Urged to Exercise Caution
BusinessLocalStock

Nigerian Stocks Near Bubble Territory: Investors Urged to Exercise Caution

Nigerian stocks are riding a wave of unprecedented momentum, with equities up roughly 27.5% year-to-date following last year’s impressive gains…

byayotilewaMarch 16, 2026
Nigerian Stock Market Sees N164bn Traded in Five Days Amid 10% Decline
BusinessLocalStock

Nigerian Stock Market Sees N164bn Traded in Five Days Amid 10% Decline

Investors on the Nigerian stock market traded a total of 3.32 billion shares worth N164.84 billion over five days, marking…

byayotilewaMarch 16, 2026
Brent crude tops $105 as Iran conflict heightens global oil supply fears
BusinessEnergyInternational

Brent crude tops $105 as Iran conflict heightens global oil supply fears

Global oil prices surged on Monday as tensions in the Middle East intensified, pushing Brent crude above $105 per barrel…

byayotilewaMarch 16, 2026
Mixed Auction Results Weigh on Nigeria’s Fixed-Income Market as Investors Remain Cautious
BusinessEconomyLocal

Mixed Auction Results Weigh on Nigeria’s Fixed-Income Market as Investors Remain Cautious

Nigeria’s fixed-income market faced a difficult week as mixed auction results and cautious investor sentiment triggered a bearish trend across…

byayotilewaMarch 16, 2026
Oil Prices Surge Past $100 Amid Gulf Crisis: Brent Closes at $99
BusinessEnergyInternational

Oil Prices Surge Past $100 Amid Gulf Crisis: Brent Closes at $99

Oil prices experienced wild swings on Thursday as geopolitical tensions in the Gulf sent shockwaves through global markets. Brent crude…

byayotilewaMarch 13, 2026
Oil Prices Soar Above $100 Amid Middle East Crisis, Millions Displaced in Iran
BusinessEnergyLocal

Oil Prices Soar Above $100 Amid Middle East Crisis, Millions Displaced in Iran

Oil prices have rebounded above $100 per barrel as the U.S.-Israel war on Iran enters its second week, fueling fears…

byayotilewaMarch 13, 2026
Top Money Market Mutual Funds in Nigeria by YTD Yields – February 2026
BusinessLocalMarket

Top Money Market Mutual Funds in Nigeria by YTD Yields – February 2026

Nigeria’s mutual fund industry continues its steady growth as investors seek structured investment options that balance returns, liquidity, and capital…

byayotilewaMarch 13, 2026
NGX Group, CSCS, WIMBIZ Champion Women’s Empowerment Through Capital Markets
BusinessEconomyLocal

NGX Group, CSCS, WIMBIZ Champion Women’s Empowerment Through Capital Markets

Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and Women in Management, Business…

byayotilewaMarch 13, 2026
Petrol Price Hikes in Nigeria Hit Poor Families Hardest, Says Agora Think-Tank
BusinessEconomyLocal

Petrol Price Hikes in Nigeria Hit Poor Families Hardest, Says Agora Think-Tank

Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a new report by the Agora…

byayotilewaMarch 13, 2026
Petroleum Subsidies and FX Distortions Cost Nigeria 6% of GDP – CBN Reveals Economic Recovery
BusinessEconomyLocal

Petroleum Subsidies and FX Distortions Cost Nigeria 6% of GDP – CBN Reveals Economic Recovery

Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange distortions drained resources equivalent to…

byayotilewaMarch 13, 2026
FG Cuts Domestic Debt Service by 38% in January 2026, Signaling Stronger Fiscal Management
BusinessEconomyLocal

FG Cuts Domestic Debt Service by 38% in January 2026, Signaling Stronger Fiscal Management

The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending $405.3 million in January 2026—a…

byayotilewaMarch 13, 2026
Nigeria’s Treasury Bills Auction Hits N2.78 Trillion Subscriptions, Oversubscribes N850 Billion Offer
BusinessLocalMarket

Nigeria’s Treasury Bills Auction Hits N2.78 Trillion Subscriptions, Oversubscribes N850 Billion Offer

Nigeria’s latest Treasury Bills (T-Bills) Primary Market Auction, conducted by the Central Bank of Nigeria (CBN) on March 11, 2026,…

byayotilewaMarch 13, 2026
SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot Gold-Backed Innovations
BusinessCryptoFinanceLocal

SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot Gold-Backed Innovations

The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod) in its…

byayotilewaMarch 13, 2026
CBN-Led Bank Recapitalisation Boosts Nigeria’s Path to a $1 Trillion Economy
BusinessEconomyLocal

CBN-Led Bank Recapitalisation Boosts Nigeria’s Path to a $1 Trillion Economy

The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to conclude by…

byayotilewaMarch 13, 2026
Nigeria’s Economy Resilient Amid US-Iran Tensions, Says CBN Governor
BusinessEconomyLocal

Nigeria’s Economy Resilient Amid US-Iran Tensions, Says CBN Governor

Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to Governor of the…

byayotilewaMarch 13, 2026
Transcorp Hotels and BUA Cement Boost Nigerian All-Share Index by N600 Billion
BusinessLocalStock

Transcorp Hotels and BUA Cement Boost Nigerian All-Share Index by N600 Billion

The Nigerian stock market returned to bullish territory on March 12, 2026, with the All-Share Index (ASI) gaining 1,010.2 points…

byayotilewaMarch 13, 2026
Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus
BankingBusinessFinanceLocal

Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus

Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s (CBN)…

byayotilewaMarch 13, 2026
NERC Orders N20.33bn Meter Refunds as DisCos Face Mounting Liquidity Pressure
BusinessEnergyLocal

NERC Orders N20.33bn Meter Refunds as DisCos Face Mounting Liquidity Pressure

Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian Electricity Regulatory Commission directed them to refund…

byayotilewaMarch 13, 2026
Asia-Pacific Markets Tumble as Middle East Conflict Drives Oil Prices Above $100
BusinessEnergyInternationalMarket

Asia-Pacific Markets Tumble as Middle East Conflict Drives Oil Prices Above $100

Asia-Pacific stock markets fell sharply on Friday as investors reacted to soaring oil prices and growing fears that a prolonged…

byayotilewaMarch 13, 2026
Nigerian Stock Market Rebounds with N649bn Gain as Investor Confidence Returns
BusinessLocalMarket

Nigerian Stock Market Rebounds with N649bn Gain as Investor Confidence Returns

The Nigerian equities market rebounded on Thursday, adding N649bn to investors’ wealth after reversing losses recorded in the previous two…

byayotilewaMarch 13, 2026

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