Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at strengthening market efficiency,…
Category: Business
10 Nigerian Stocks That Skyrocketed Over 1500% Since 2015
Since 2015, the Nigerian Exchange (NGX) has witnessed remarkable growth, outpacing broader economic trends. The All-Share Index, which hovered around…
Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a unified digital revenue…
Nigerian SMEs Halt Spending as 2026 Tax Reforms Spark Nationwide Uncertainty
Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back investment as the country edges toward…
U.S. Clears Nvidia H200 Chip Exports to China Amid Rising Political Tensions
The U.S. Department of Commerce has officially approved Nvidia’s request to export its powerful H200 artificial intelligence chips to China,…
CBN Confirms 82 Licensed BDCs Under New Tougher Rules
The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the requirements to…
FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens
The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025 licensing round begins. According…
Banks Slash Central Bank Deposits by N2.22 Trillion After CBN Interest Rate Adjustment
Banks in Nigeria significantly reduced their deposits at the Central Bank of Nigeria (CBN) last month, pulling back N2.22 trillion…
How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil Production
Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities across the country.…
Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh realities faced by its…
Investors Flock to High-Value Industrial Stocks as Nigerian Market Ends Year Strong
As 2025 nears its close, Nigerian equities saw a surge in investor activity, particularly in high-value industrial stocks, boosting market…
Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market Pressures
Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to N1,398.57 per litre, according to…
BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs
British International Investment (BII), the UK’s development finance institution, has joined forces with First City Monument Bank (FCMB) to launch…
Nigeria’s GDP Growth Projected at 4.1% in 2026 Driven by Non-Oil Sector Expansion
Nigeria’s economy is set to expand at a moderate pace in 2026, with GDP growth projected at 4.1 per cent,…
Ellah Lakes Public Offer Extended to 19 December 2025 Amid Rising Investor Demand
Ellah Lakes Plc has officially extended its public offer for 18.8 billion shares at N12.50 each to 19 December 2025,…
Fidson, MeCure, or Neimeth: Which Nigerian Pharma Stock Offers the Best Investment Value in 2025?
Investors seeking opportunities in Nigeria’s pharmaceutical sector have three notable options: Fidson Healthcare Plc, MeCure Industries Plc, and Neimeth International…
Naira Set to Break N1,445/$ as Fed Rate Cut Expectations Boost Nigerian Currency
The Nigerian Naira has maintained relative stability against the US dollar in the official market, even as expectations build for…
FG, SEC, NGX Unite to Ensure Smooth Capital Gains Tax Reform in Nigeria
The Federal Government (FG) has launched the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate and coordinated approach to…
X Suspends European Commission’s Ad Account Following €120M Fine Over Blue Checkmarks
Social media giant X has suspended the European Commission’s ad account after the EU body fined the platform €120 million…
Nigerian Stock Market Surges N2.44tn Driven by ICT and Banking Stocks
The Nigerian Exchange Limited (NGX) closed the week on a high note, with the market surging by N2.44 trillion, thanks…
European Markets Slip as Investors Await Crucial Fed Rate Decision
European markets opened the week on a quiet note on Monday, with major indexes edging slightly lower as global investors…
Nigerian Insurance Leaders Push for Tech-Driven Growth as Sector Seeks Wider Reach
Stakeholders in Nigeria’s insurance industry are calling for urgent technology-driven solutions to expand the sector and strengthen its ability to…
Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say lenders…
Nigeria’s Domestic Gas Revenue Soars to N3.1trn as Local Demand Rises
Nigeria’s domestic gas market has posted a major boost this year, with sales rising by 19 per cent to hit…
Nigeria Opens 2025 Oil Licensing Round, Targets $10bn Investment Boost
Nigeria has officially kicked off its 2025 oil licensing round, offering 50 oil blocks to investors as the country pushes…
Apple Executive Shake-Up Continues with Departures of General Counsel and Policy Head
Apple’s executive shake-up is showing no signs of slowing down. Following the recent departures of AI chief John Giannandrea and…
European Stocks Rise Ahead of Fed Meeting as Investors Weigh Interest Rate Cuts
European stocks opened higher on Friday, signaling cautious optimism among global investors as attention turns to next week’s Federal Reserve…
NGX Extends Modest Rebound as ASI Inches Up 0.10% Amid Mixed Investor Sentiment
The Nigerian equities market extended its recovery on Thursday, December 4, 2025, as the All Share Index (ASI) inched up…
Udoma and Mbah Call for Transparent, Efficient Nigerian Capital Market at PEARL Awards
Former Minister of Budget and National Planning, Udoma Udo Udoma, has called for greater transparency in Nigeria’s capital market, emphasizing…
Nigerian Stock Market Gains N97bn as Bulls Extend Winning Streak
The Nigerian equities market continued its upward momentum yesterday, with market capitalisation climbing by N97 billion. The All Share Index…