Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in November
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited resumed large-scale importation of petrol,…
Category: Business
CBN Revokes Licences of Non-Compliant BDCs After New Rules Deadline
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed to…
NGX Lists Chams HoldCo’s N3.66bn Shares to Boost Digital Payment Expansion
The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company (Chams HoldCo), valued at…
FG, SEC, NGX Group Align on Capital Gains Tax Reform for Market-Friendly Rollout
The Federal Government (FG) has taken a significant step toward a more predictable and market-friendly implementation of Nigeria’s newly enacted…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension Compliance
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to remit pension contributions from their…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five approved investors to capture…
Esso E&P Reaffirms Commitment to Nigeria’s Energy Security Amid Policy Shifts
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation, has reiterated its commitment to bolstering…
NUPRC Launches 2025 Petroleum Licensing Round with Signature Bonuses from $3M to $7M
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the rules for its highly anticipated 2025 petroleum licensing round, introducing…
CoreWeave CEO Defends AI Circular Deals Amid Volatile Stock Performance
CoreWeave, a rising star in the AI cloud infrastructure market, has faced a rollercoaster year. After a highly anticipated IPO…
Nigerian Bond Yields Surge as DMO Increases Rates in December Issuances
Nigeria’s bond market saw a sharp rise in yields on Monday, with longer-term government securities leading the surge. Investors are…
Bonny Light Oil Prices Settle at $65 Amid Global Oversupply Concerns
Nigeria’s flagship crude, Bonny Light, stabilized at $65 per barrel following a sharp decline in global oil prices, marking the…
Fitch Advises CBN to Proceed Cautiously on Rate Cuts Amid Strong FX Reserves
Nigeria’s gross official foreign exchange reserves have reached a six-year high, crossing the $45 billion mark, providing a strong buffer…
Nigerian Stock Market Slides 0.33% Amid Negative Investor Sentiment
The Nigerian equities market experienced a downturn on Tuesday, as sustained negative sentiment pushed the All-Share Index (ASI) down by…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection of physical cash for…
US Approves Nvidia H200 AI Chip Exports to China with 25% Fee Amid Security Debate
The United States has approved the export of Nvidia’s H200 AI chips to China, while imposing a 25% fee on…
Seplat Energy Trains 35 Journalists in Edo and Delta to Boost Media Skills
Seplat Energy has successfully hosted a two-day capacity-building workshop for 35 journalists from Edo and Delta States, focusing on strengthening…
NNPC Sets 36-Year Production Record as Nigeria’s Upstream Revival Gains Momentum
The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil production in 36 years.…
European Markets Dip as Investors Brace for Key U.S. Fed Rate Decision
European stocks were on track for a lower open on Wednesday as global investors shifted into cautious mode ahead of…
CBN Unveils Fresh Push to Expand Agricultural Lending as Cardoso Sets New Direction
The Central Bank of Nigeria (CBN) has announced a renewed drive to increase agricultural lending, which currently accounts for less…
FG Launches N590bn Bond to Begin Repayment of N4tn Power Sector Debt
The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies (GenCos) with the rollout…
UACN Stock Rise Hits 22.7% in December’s First Week, Eyes N100 Milestone
Shares of UAC of Nigeria Plc (UACN) soared by 22.69% in the first trading week of December 2025, propelling its…
European Markets Edge Higher Ahead of Federal Reserve Rate Decision
European markets saw modest gains on Tuesday as investors kept a close eye on the U.S. Federal Reserve’s upcoming policy…
Nigeria Transport Sector Growth Slows to 9.87% in Q3 2025 Amid Infrastructure Challenges
Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing infrastructural challenges that continue…
Nigerian Software Testers Call for Stricter Quality Standards to Boost Digital Trust
Software testers across Nigeria have called for stricter quality standards and enhanced software testing practices to ensure trust in the…
NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund – NUPRC Confirms
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) has received…
Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn
The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21 billion on…
Asia-Pacific Markets Slide Ahead of Federal Reserve Rate Decision
Asia-Pacific markets saw a mostly negative session on Tuesday as investors reacted to Wall Street losses and awaited the U.S.…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor Confidence
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout of Nigeria’s new capital…
FG Directs MDAs to Roll Over 70% of 2025 Capital Budget into 2026
The Federal Government (FG) has directed all ministries, departments, and agencies (MDAs) to roll over 70% of their 2025 capital…
Dangote Refinery and Stronger Naira Drive Petrol Prices Down in Nigeria
Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy costs. Industry experts attribute…