Fuel Prices Remain Above N800 in Lagos Despite Dangote Refinery Cuts
Fuel prices in Lagos and other parts of Nigeria have begun to show slight reductions following a significant cut in…
Category: Business
FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending
Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply, signaling a major…
Dangote’s N739 Petrol Price Fails to Launch as Rift with NMDPRA Escalates
Consumers across Lagos and other states were left frustrated yesterday as the N739 per litre petrol price announced by Dangote…
CBN Governor Olayemi Cardoso Highlights Nigeria’s Economic Reforms to US Investors
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the…
NGX Index Edges Up 0.01% as Access Corp Leads Trading Surge
The Nigerian Exchange (NGX) closed marginally higher on Tuesday, with the All Share Index inching up 0.01% to 149,459.11 points.…
Nigeria’s Crude Oil Exports Hit N37.7 Trillion in Nine Months, Driving FX Stability
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the latest Foreign…
Nigeria’s Top 10 Import Partners in Q3 2025: China, US, and India Lead the Pack
Nigeria’s import market in the third quarter of 2025 remained largely concentrated around a core group of global partners, reflecting…
CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches
The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and Union…
European Markets Rise as UK Inflation Cools, Sterling Slips Ahead of Central Bank Decisions
European stock markets opened broadly higher on Wednesday as investors positioned themselves ahead of a busy week of central bank…
Dollar to Naira exchange rate today, December 17, 2025
The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025, reflecting sustained pressure as…
Dangote Group Appoints Ex-CBN Director Mahmud Hassan as Group Chief Economist
Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former Central Bank of Nigeria…
Big Banks’ FX Gains Fall to Three-Year Low as Nigeria’s Banking Sector Shifts Strategy
Nigeria’s biggest banks are seeing a sharp slowdown in foreign exchange (FX) gains, once a major source of profits, as…
Analysts Predict Shift to Fundamentally Strong Stocks in Nigeria’s Stock Market Rally
As year-end trading activities gather pace, capital market analysts say investors are increasingly concentrating on fundamentally strong stocks with attractive…
Nigeria’s Trade Balance Surges 43% to ₦19.3tn in Nine Months — NBS Data
Nigeria’s trade balance recorded a great improvement in the first nine months of 2025, rising by 43.8 per cent year-on-year…
Bright Simons Warns Bank of Ghana’s Non-Interest Banking Rebrand Risks Confusion and Failure
Bright Simons, Vice President of policy think tank IMANI Africa, has raised serious concerns about the Bank of Ghana’s proposed…
Nigeria Spends N8.64 Trillion on Imported Boilers, Machinery, and Appliances in 2025
Nigeria has spent a staggering N8.64 trillion on imported boilers, machinery, and appliances in the first nine months of 2025,…
CBN Approves 82 BDC Licenses: Forex Traders Expect More Approvals Soon
Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of Nigeria…
Dangote Petrol Price War: How Nigeria’s Fuel Market Faces a Brutal Downstream Shake-Up
Nigeria’s downstream petroleum sector is in the grip of a fierce price war following Dangote Petroleum Refinery’s dramatic cut in…
Idle NNPC Refineries Drive Nigeria’s Petrol Imports Despite Dangote Output
Nigeria’s dependence on imported petrol deepened in November as marketers blamed the continued dormancy of government-owned refineries for the surge…
European markets open lower as investors await key central bank decisions
European stock markets are set to open lower on Tuesday, giving back early-week gains as investors brace for a packed…
Nigeria Inflation Eases to 14.45% as OPS Calls for MSME Credit Support
Nigeria’s headline inflation rate declined to 14.45 per cent in November 2025, marking a further easing in consumer price pressures,…
NGX Gains ₦3bn as Cautious Trading Reflects Investor Selectivity
The Nigerian equities market closed the first weekday of trading on a modest positive note, with the Nigerian Exchange Limited…
FG Set to Forfeit N1.4 Trillion in 2026 Through 5% Corporate Tax Cut to Boost Economy
The Federal Government of Nigeria is set to give up approximately N1.4 trillion in revenue in 2026 by reducing the…
99% of Nigerian Stock Market Investors Exempt from Capital Gains Tax, Says FG
The Federal Government has assured Nigerian investors that the vast majority of participants in the stock market will not be…
Nigerian Stock Market Gains N1.5 Trillion as MTN, Breweries, and Dangote Sugar Lead Rally
The Nigerian stock market recorded a strong rebound last week, with investors gaining over N1.5 trillion as trading momentum picked…
Nigeria’s Telecom Sector Achieves 5.78% Growth in Q3 2025 Amid Economic Challenges
Nigeria’s telecommunications industry posted a real growth rate of 5.78% in the third quarter of 2025, according to the latest…
European Markets Rise Ahead of Busy Central Bank Week
European markets started the week on a positive note as investors prepared for a series of key central bank meetings…
BUA Rewards 510 Employees with N30 Billion at 2025 Night of Excellence
BUA Group has recognized the dedication and loyalty of its workforce by awarding N30 billion to 510 employees during its…
Champion Breweries Rights Issue: Brewer Opens ₦16bn Capital Raise to Fund Bullet Brand Expansion
Champion Breweries Plc has officially opened a ₦16 billion Rights Issue of ordinary shares, priced at ₦16 per share, after…
NGX Adds N1.54 Trillion as Stock Market Rallies 1.63% on Investor Confidence
Nigeria’s equities market ended last week on a strong note, with investors gaining N1.54 trillion as the benchmark index advanced…