Nigerian Equities Market Gains N1.698 Trillion as Investors Flock to Blue-Chip Stocks
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused…
Category: Business
Treasury Bills Oversubscription Hits 272% as Yields Ease at Nigerian Auction
Investors rushed to the Nigerian Treasury Bills primary market on Wednesday, pushing total subscriptions to a staggering N4.28 trillion against…
MPC Weighs Policy Easing as Inflation Declines, Analysts Eye Possible Rate Cut
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the…
CNG Stations Rollout Falls Short of 2025 Target Despite $2 Billion Investment
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX Volatility
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful…
GTCO Leads Rally as Nigerian All-Share Index Tops 193,000 Points
The Nigerian stock market ended the trading session on a high note on February 19, 2026, with the All-Share Index…
PENGASSAN Rejects Tinubu’s Executive Order on Oil Revenues, Warns of Investor Fallout
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious objections to President Bola Tinubu’s recent…
Nigeria Eyes 18% Tax-to-GDP Ratio Through Digital Reforms – Finance Minister Edun
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of…
FMDQ Exchange Records N676.7 Trillion Turnover in 2025, Signals Strong Market Growth
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ Exchange in 2025,…
Nigeria’s Borrowing Costs Fall as Treasury Bills and FGN Bonds Rally on Strong Investor Demand
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on Treasury Bills (NTBs), Open…
US Capital Inflows to Nigeria Jump 566% to $2.23bn Despite Trade Tensions
Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, marking a dramatic…
Naira Hits Two-Year High at N1,347/$ as FX Liquidity Improves
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market, according…
Investors Gain N1.7tn as Banking and Industrial Stocks Rally on Nigerian Exchange
Investors gained N1.7 trillion at the close of trading on Thursday as renewed buying interest in banking and industrial stocks…
Net Zero in Oil & Gas: Industry Leaders Outline Practical Strategies at DECARBON 2026
Oil and gas industry leaders have emphasized that achieving net zero in oil and gas operations requires more than ambition…
Nigerian Stock Market Loses N577bn as Investors Take Profits – NGX ASI Dips 0.47%
The Nigerian stock market yesterday experienced a significant pullback, halting its 11-day winning streak as investors engaged in profit-taking. Market…
Dawes Island Field Success Signals Growing Confidence in Nigerian Indigenous Oil Firms
Petralon Energy has received high praise from Shell Western Supply and Trading for successfully developing the Dawes Island Field, a…
CNG Stations Rollout Falls Short of 2025 Target Despite $2B Investment in Nigeria
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious Compressed Natural Gas…
European Stocks Slip as Airbus and Renault Earnings Shake Markets
European markets opened lower on Thursday as investors closely analyzed earnings reports from major companies including Airbus, Renault, and Nestle.…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global Engagement
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures reaching $672.27 million in…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says Afreximbank
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address Africa’s $80–120 billion…
Unpaid Electricity Bills Hit N6 Trillion as Nigeria’s Power Sector Faces Liquidity Crisis
Nigeria’s power sector is facing a deepening financial crisis as electricity generation companies, under the Association of Power Generation Companies…
Naira Depreciates to N1,340/$ as Parallel Market Hits N1,400/$ Amid Dollar Strength
The Nigerian naira recorded a marginal depreciation on Wednesday, trading at N1,340/$ at the official market, down from N1,337/$ the…
NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP) issuance on the…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa…
FCMB Drives NGX Rebound as Shares Worth N35.8 Billion Trade on Customs Street
The Nigerian Exchange (NGX) rebounded strongly on Wednesday, February 18, 2026, closing 1,106.72 points higher at 190,427.96. This 0.58% increase…
NNPC Gas Master Plan 2026: Nigeria Set to Boost Gas Supply by 1.8 Bcf/d
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to increase the country’s gas supply by an…
OpenAI Partners with Pine Labs to Accelerate AI-Driven Fintech in India
OpenAI is deepening its presence in India with a strategic partnership with Pine Labs, aiming to bring AI-powered automation to…
Nigeria’s Foreign Reserves Hit $48.5bn, Highest Level Since 2013
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013. According to data from…
Tinubu Executive Order on NNPCL Revenue Remittance Signals Major Oil Sector Reform
President Bola Tinubu has signed a sweeping Executive Order suspending the collection of management and frontier exploration fees by the…
Nigeria’s World Bank IDA Debt Rises to $18.7bn as External Borrowing Pressures Mount
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank, climbed to $18.7bn as…