Nigerian Stock Market Trades N17.3 Billion as Investors Record N3 Billion Weekly Gain
Investors on the Nigerian Exchange Limited (NGX) exchanged 601.65 million shares valued at N17.3 billion in 58,429 transactions on Monday,…
Category: Business
CAP Plc Posts N9.1 Billion Profit in 2025 as Paint Sales Surge
Chemical and Allied Products Plc (CAP) has announced a remarkable N9.1 billion pre-tax profit for the 2025 financial year, marking…
CBN Allows Banks to Accept Expired NAFDAC Licences for Imports Until February 2026
The Central Bank of Nigeria (CBN) has announced a temporary two-month allowance enabling authorised dealer banks (ADBs) to accept expired…
BUA Cement Expands Sokoto Plant with $240M Investment to Boost Production
BUA Cement Plc has announced a $240 million investment to expand its Sokoto cement plant, introducing a modern 3-million-tonne-per-annum production…
Foreign Exchange Stability Key to Restoring Investor Confidence in Nigeria, Says BCI President
Dr. Adesola Falaiye, President of Business Club Ikeja (BCI), has emphasized that sustained stability in Nigeria’s foreign exchange market is…
Nigeria’s Chevron-NNPC Discovery Set to Boost Daily Crude Output to 146,000 Barrels
Nigeria is set to ramp up its crude oil production following a major offshore discovery by Chevron Nigeria Limited (CNL)…
FGN Bond Auction 2026: Federal Government Raises N1.54 Trillion Amid Oversubscription
The Federal Government of Nigeria has launched its 2026 domestic borrowing program with a highly successful FGN Bond auction, raising…
GTCO, Aradel Lead Trading Value as Nigerian Stock Market Edges Up 0.12%
The Nigerian stock market recorded a modest uptick on Tuesday, 27 January 2026, with the All-Share Index (ASI) rising 0.12%…
Erdogan Eyes $5 Billion Nigeria-Türkiye Trade Deal During Tinubu Visit
During Nigerian President Bola Tinubu’s state visit to Türkiye, President Recep Tayyip Erdogan announced that his country is targeting a…
European Markets Set for Mixed Open as ASML Earnings Steal the Spotlight
European stock markets are expected to open mixed on Wednesday as investors brace for a busy day of corporate earnings…
Imported Petrol Undercuts Dangote Refinery Price After Gantry Hike
Imported petrol has become cheaper than fuel produced by the Dangote Petroleum Refinery, following a recent increase in the refinery’s…
Nigerian Firms Secure $2.5bn in World Bank Contracts, Rank Fifth Globally
Nigerian companies have secured more than $2.5 billion worth of World Bank–financed contracts, placing the country fifth globally among beneficiaries…
Selective Buying Boosts NGX by N3.45bn as NPF Microfinance and Morison Lead Market Gainers
Selective buying in a few key stocks helped lift the Nigerian Exchange Limited (NGX) slightly on Monday, despite subdued trading…
Nigerian Stock Market Loses N395bn Amid Investor Profit-Taking
The Nigerian stock market experienced its first weekly decline last week, shedding N395 billion in market value as investors intensified…
European Stocks Climb on EU-India “Mother of All Deals” While Dr Martens Slumps
European stocks edged higher on Tuesday as investors reacted positively to the European Union’s historic trade agreement with India. The…
AI-Enabled Talent Intelligence: The Competitive Edge for Nigeria’s Digital Economy
Artificial intelligence promises faster processes, fewer errors, and leaner operations—but technology alone doesn’t guarantee better results. Across Nigeria’s telecoms and…
FGN Bond Auction Overshoots N900 Billion, Allots N1.54 Trillion in January 2026
The Federal Government of Nigeria (FGN) exceeded expectations at its January 2026 bond auction, allotting a total of N1.54 trillion,…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria’s exports to Africa surged 14% in the first half of 2025, reaching N4.82 trillion, up from N4.21 trillion in…
FG Launches Nationwide Cloves Farming Programme to Empower 74,000 Farmers in 2026
The Federal Government of Nigeria has inaugurated its maiden nationwide cloves farming programme for the 2026 wet season, aiming to…
Kenya Launches KSh 454 Million EU-Backed Cybersecurity Project to Combat Rising Digital Threats
Kenya has unveiled a KSh 454 million (€3 million) European Union-funded cybersecurity initiative aimed at fortifying the country’s digital infrastructure…
Nigeria’s N20.12 Trillion Budget Deficit Could Squeeze Private Sector Credit in 2026
Nigeria’s projected N20.12 trillion budget deficit for the 2026 fiscal year has raised alarms among financial analysts, who warn that…
Nigeria’s Debt Crisis Deepens: Budget Deficit Hits N23.85 Trillion Amid Rising Borrowing
Nigeria’s public debt burden has escalated dramatically over the past decade, with the budget deficit soaring from N2.2 trillion in…
US Records $1.45 Billion Trade Surplus with Nigeria Amid Export Growth and Tariff Shifts
The United States has reversed last year’s trade deficit with Nigeria, recording a $1.45 billion goods trade surplus in the…
Nigerians Embrace Self-Improvement and Entrepreneurship in 2026, Google Searches Reveal
As 2026 kicks off, Nigerians are increasingly using Google Search to fuel personal growth, entrepreneurship, and healthier lifestyles. Recent search…
European Markets Poised to Open Higher as Earnings Season Takes Center Stage
European markets are expected to start Tuesday on a positive note, with investors turning their attention to a packed earnings…
Tax Reforms Leave Workers Cold as Salary Increases Fall Short
Many Nigerian workers say the much-publicised Personal Income Tax (PIT) reforms have brought little relief to their finances, with only…
NNPC, Chevron Target 146,000bpd as Awodi-07 Oil Discovery Boosts Production Hopes
The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Limited have set sights on ramping up crude oil production…
Nigeria’s New Tax Law Tackles Double Taxation and Boosts Digital Economy Compliance
The Federal Government of Nigeria has unveiled new tax measures aimed at curbing double taxation, expanding the tax net, and…
Nigeria’s Mutual Fund Industry Surges to N7.67 Trillion Amid Rising Investor Demand
Nigeria’s mutual fund industry has experienced an unprecedented growth surge, with total assets under management (AUM) reaching N7.672 trillion in…
NNPC Confirms Major Oil Discovery at Awodi-07 Well in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed a significant oil discovery at the Awodi-07 appraisal and exploration…