Petrol Could Rise to ₦1,400 Per Litre Without Local Refining – Dangote Refinery Warns
Dangote Petroleum Refinery has warned that petrol prices in Nigeria could surge to as high as ₦1,400 per litre if…
Category: Business
Just in: NGX Market Capitalisation hits ₦100trn
The Nigerian Exchange (NGX) Limited recorded a major milestone on Monday as its market capitalisation crossed the ₦100 trillion mark…
Africa Can Own and Manage Its Strategic Resources – Tony Elumelu on $500M Seplat Acquisition
Tony Elumelu, Chairman of Heirs Energies, has reiterated Africa’s ability to own, develop, and responsibly manage its strategic resources. Speaking…
European Stocks Rise as Maduro’s Capture Sends Global Markets Reacting
European stocks opened higher on Monday as investors responded to the dramatic U.S. operation that captured Venezuelan President Nicolas Maduro…
Nigeria’s Current Account Surplus Set to Reach $18.81 Billion in 2026 – CBN Forecast
Nigeria’s current account balance is set to strengthen significantly in 2026, with the Central Bank of Nigeria (CBN) projecting a…
NGX Premium Stocks Lead Market Gains in 2025: Seplat Posts Steady Returns Amid Strong Index Growth
The Nigerian Exchange (NGX) Premium Index closed 2025 on a high note, outpacing the broader All-Share Index with a remarkable…
Ghana Stock Market Leads Africa in 2025 with 79% Gain
The Ghana Securities Exchange (GSE) Composite Index has claimed the title of Africa’s best-performing stock market in 2025, leaving Nigeria’s…
Dangote Refinery’s Free Petrol Delivery Set to Drive Down Pump Prices Nationwide
Nigerian motorists may soon breathe a sigh of relief as Dangote Refinery finalizes plans to distribute petrol for free to…
Nigeria’s Rising Debt Driven by Exchange Rate Shifts, Not New Borrowing – Budget Office
Nigeria’s soaring debt figures are largely the result of exchange-rate revaluation of existing foreign-currency obligations rather than fresh borrowing, the…
Cash Circulation Stabilizes in Nigeria Amid Central Bank Reforms
Nigeria’s cash supply is showing remarkable signs of stability following sweeping reforms by the Central Bank of Nigeria (CBN), easing…
OPEC+ Pauses Oil Output Increase Amid Venezuela Uncertainty
The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, have decided to pause planned oil supply increases…
Nigeria’s Private Sector Growth Strengthens as PMI Hits 53.5 in December
Nigeria’s private sector concluded 2025 on a strong note, driven by rising customer demand and steady business activity. The Stanbic…
Bank of Ghana Tightens International Money Transfer Rules to Protect Consumers and FX Flows
The Bank of Ghana (BoG) has unveiled new regulations for International Money Transfer Operators (IMTOs), signaling a major shift in…
AI and Job Security: Prioritizing Human Welfare in Nigerian Workplaces
As Nigeria’s workplaces embrace Artificial Intelligence (AI) and automation, workers and employers face a crucial challenge: how to integrate technology…
Naira Starts 2026 Stronger at ₦1,430/$ Amid Stable FX Market
The naira opened 2026 on a strong note, appreciating to ₦1,430.84 per US dollar at the official window, signaling a…
NNPC Debt Crisis: Subsidiary Obligations Surge to ₦30.3 Trillion Amid Financial Pressures
The Nigerian National Petroleum Company Limited (NNPC) is grappling with significant financial strain as debts owed by its subsidiaries and…
Dangote Refinery Pumps 43 Million Litres, Denies Petrol Shutdown Amid Price Hike Fears
Officials of the Dangote Petroleum Refinery have dismissed claims that the facility shut down its petrol processing unit, confirming that…
30% Capital Gains Tax May Trigger Investor Flight, Double Taxation Fears in Nigeria’s Capital Market
Nigeria’s proposed 30 per cent Capital Gains Tax (CGT) on capital market transactions above ₦150 million has sparked widespread concern…
NNPC Reports N502bn Profit, Cuts Petrol Below N800 Amid Market Price War
The Nigerian National Petroleum Company Limited (NNPC) posted a profit after tax of N502 billion in November 2025, maintaining its…
Bank Recapitalisation to Boost Nigerian Capital Market in 2026, Says CBN
The Central Bank of Nigeria (CBN) has projected a bullish outlook for the Nigerian capital market in 2026, citing ongoing…
Nigeria’s Manufacturing Sector Set to Grow 3.1% in 2026, Driving 10.2% of GDP
After a challenging 2025 marked by consecutive quarterly declines of up to 1.25% in real growth, Nigeria’s manufacturing sector is…
Tax reforms spark tension as shipping lines plan hikes
Tension is building within Nigeria’s maritime sector following the implementation of sweeping tax reforms that took effect on Thursday, January…
2025 Economic Gains Fail to Ease Manufacturers’ Pain as Costs, Policies Bite
Despite the Federal Government’s optimism over economic “gains” recorded in 2025—most notably easing inflation and improved foreign exchange stability—Nigeria’s manufacturers…
Financial Tips to Help Young Nigerians Beat Inflation and Rising Living Costs
As inflation continues to erode purchasing power and economic uncertainty deepens, financial planning is no longer optional for young Nigerians.…
Market Flexibility and FX Stability Power Nigeria’s Capital Market Rally in 2025
Nigeria’s capital market entered a defining chapter in 2025, posting one of its most impressive performances in recent history as…
Average Petrol Price Drops to N1,061 in November 2025 – NBS Report
The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, fell to N1,061.35 in November 2025, according…
Nigeria’s Oil Revenue Falls Short by N16.2tn Despite Higher Production in 2025
Nigeria’s oil revenue fell sharply short of government projections in the first half of 2025, recording a N16.2tn deficit despite…
NGX Rallies as Investors Gain N257bn on Optimism in Key Stocks
The Nigerian Exchange (NGX) kicked off the week on a high note as investors gained N257 billion, driven by renewed…
NNPC Earns N890.8bn in Management Fees and Frontier Funds in 11 Months
The Nigerian National Petroleum Company Limited (NNPC) has earned a total of N890.8 billion from management fees and the Frontier…
Oil Prices Rise After US Intercepts Venezuelan Crude Tanker
Oil prices climbed sharply in early trade yesterday following the US interception of a crude oil tanker near Venezuela in…